Give Me a Break SMB

via SMB Capital – Day Trading Blog:

Mike,

I’m reading your book – One Good Trade – for the second time. In Chapter 3 you describe how your firm selects candidates and how much this process is inadequite. Why don’t you just let people papertrade (remotely from home) with your platform and see who does best?

I understand your concern trying to select person with the best persona. But as you can see it is not possible to reveal what a person is really like in such short period of time, nor it has significant enough correlation with his trading performance.

You wrote that “Steve likes everyone”… I think he just knows that you are doing a blind guess and even Read more [...]

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Give Me a Break SMB

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