Interesting insights from a pre-high frequency prop trading perspective.
This is a totally different angle from your typical retail trading experience.

Do you, your broker or your investment manager have a pre-flight checklist?
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“After 20 years of trading, I find it almost impossible to trade without a plan that does not have fixed rules.”
–Robert Krauscz, New Market Wizard
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Can you imagine the pilot of a jumbo jet climbing into the cockpit, firing up the engines, and hurtling down the runway into the sky without a second thought? I mean, no checklist, no clearance from the tower, no nothin’? Read the rest of this entry »