Thursday, August 20, 2009

Site Seeing Excursion: SMB Trading Blog

I'd like to get back to a few basics on the blog, and one of those is highlighting unique sources of online information.

The SMB Trading blog comes straight from SMB's proprietary trading firm. The posts contain a number of practical lessons and nuggets of wisdom for intraday traders.

Some of the recent posts highlight good setups that are occurring even in slow markets and the importance of waiting for the market to show its hand before taking a position.

A video on their training site emphasizes that success is more about executing fundamentals than coming up with the next, new brilliant trading strategy. By watching the tape and observing support, resistance, and volume, traders can anticipate supply and demand and profit from those fundamentals. Here's a video that nicely illustrates how they view markets; great stuff!