Interesting Stuff for futures and options traders
Eat like a trader!
Click here to look at how traders on Wall Street in New York eat, according to this Bloomberg report. I cannot speak for the breakfast and lunch places in the report, but I have eaten at the Smith and Wollensky’s in New York and Chicago. Steak with lobster on the side – I approve, but my cardiologist may not be so enthusiastic. As to my favorite places to eat in Chicago, my friend Craig Glicken, then a trader in the NASDAQ pit at the CME, and I used to go to lunch at Nick’s Fish Market, Smith and Wollensky’s and at Shaw’s Crab House. I remember going for Nick’s $20 lunch special and spending $100 with no alcohol. We used to spend the afternoon in Shaw’s Bar sampling every variety of oyster on the menu. Those were the days!
Watch this and, then, watch how much planning it took
(click here to see the video if picture does not appear below)
When you watch this video, you are likely to be amazed that this guy actually jumps off a cliff and flies through the air.
But, that is just part of the story.
Watch the entire video and see all of the planning that goes into it and look at the after analysis. He does not “just” jump off a cliff and hope for the best.
Everything he does is according to his well-thought plan.
Success in trading requires every bit as much planning, but most traders just “jump off the cliff” with no real plan.
They just the hope that things will work out.
Of course, without the kind of detailed written trading plan that is necessary (and that I teach in my Professional Trader Mentoring Program), traders are just jumping off a cliff and hoping.
The first day of stock index futures trading
To view the contents of this post, you must be authenticated and have the required access level.
The Dip – a very small book with a big, important lesson
To view the contents of this post, you must be authenticated and have the required access level.
Calisthenics for your eyes – what is the world coming to?
To view the contents of this post, you must be authenticated and have the required access level.
The Crash – Black Monday, October 19th, 1987
To view the contents of this post, you must be authenticated and have the required access level.
Getting started in Market Profile
To view the contents of this post, you must be authenticated and have the required access level.
Three thoughts inspired by VH1’s upcoming, “Billion Dollar Wall Street Ballers”
To view the contents of this post, you must be authenticated and have the required access level.