Russell Rhoads, CFA, speaks with Michael Martin on all things options.Continue Reading...
Dr. Norman Rosenthal, MD is an expert in Transcendental Mediation and has written a new book on the subject called Super Mind: How to Boost Performance and Live a Richer and Happier Life Through Transcendental Meditation.
In 1980s, he was a pioneer in the use of light therapy to treat Seasonal Affective Disorder or Winter Depression.
He speaks with Michael Martin on the many benefits that TM provides its practitioners regardless of whether they trade or manage risk.Continue Reading...
The financial impact of slippage is greatest on smaller accounts, largely because the dollar value is also larger in percentage terms.
It’s also killing the day traders who are trying to scalp for $200 / day and not doing it.
Not only are they not making the $200 / day, but those frequent losses are increased by 25% when you add in the slippage.
If the duration of the losing streak is several weeks, the trader could be down $2,000 on his trading P&L, but down $2,500 on his account.
The feeling of not wanting to stop the carnage and bull through it would be an excellent choice for an entry point during one’s Trading Tribe meeting. :)Continue Reading...
In today’s trading environment, you need more going for you than just a set of rules to make it as a trader. There’s compliance, clearing and execution, legal, accounting, and creating a track record.
Most traders don’t like the sales and marketing end, so they bury their heads and create trading models. Unfortunately, that is not the path to getting discovered by a seeder or allocator.
An aspiring PM or trader needs to begin the thought and planning processes at the same time they are developing their models.
If you don’t know what you’re doing, take a course in sales and marketing.
Michael Martin ends this podcast by reiterating why you need to have your own model that you yourself have developed.Click Here to Register Continue Reading...