Thursday, October 29, 2009

My Visit to SMB Capital

It was excellent visiting the traders at SMB Capital and their new offices a hop, skip, and jump away from Wall Street.

Here's what I observed first hand:

* A structured training program with a well organized curriculum that teaches specific setups and trading methods;

* Dedicated teaching and mentorship; not just learning from the seat of the pants;

* Morning meetings to prepare for the trading day in which multiple traders participate with ideas;

* A coherent philosophy of trading that focuses on tape reading skills among stocks that are moving and offering opportunity;

* A thoughtful strategy for managing risk and maximizing reward.

It may not be the type of trading that is for everyone, but it was nice to visit a firm that has integrated training and trading in a positive learning environment.
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