Wonder what traders are talking about today?
We’re here with the top 10 stories we’re sharing with colleagues today, covering topics like:
- The stock market in the first year since President Trump's 2016 election victory
- The post-earnings collapse in fallen tech star Snap (SNAP)
- Whether the lucrative, exciting world of prop trading is right for you
And more!
So check out these links right now and get up to speed:
1) A year in: U.S. stock market under Trump's shadow (Reuters)
One year ago, when it became clear that Republican Donald Trump had pulled a historic upset to defeat Democrat Hillary Clinton to the U.S. presidency, futures in the Dow Jones Industrial Average tumbled nearly 900 points.
2) Snap plunges after huge revenue miss (CNBC)
Snap dropped 16 percent after it missed on revenue during its third quarter earnings Tuesday.
Snap also wrote down $39.9 million as a result of losses from unsold Spectacles
3) The Ultimate Guide to Prop vs. Retail Trading (T3 Live)
If you want to be an active trader in individual stocks, you really only have two general paths: Become a professional trader (prop trader) or trade in a retail account.
Let’s look at the advantages and disadvantages of both so you can figure out the right path for you.
4) America’s ‘Retail Apocalypse’ Is Really Just Beginning (Bloomberg)
The so-called retail apocalypse has become so ingrained in the U.S. that it now has the distinction of its own Wikipedia entry.
The industry’s response to that kind of doomsday description has included blaming the media for hyping the troubles of a few well-known chains as proof of a systemic meltdown.
5) How Implied Volatility Works (T3 Live)
We’re going to dig into the single most important options pricing concept: implied volatility.
If you don’t understand implied volatility, you don’t understand options. Period!
6) Ralph Northam wins Virginia’s governor race (The Economist)
Observers braced for a late night. Virginia’s polls close at 7pm, and precincts in the diverse, densely populated suburbs of Washington, DC usually take a long time to come in.
7) Trading Scans: The Foundation for Winning Trades (T3 Live)
Take a look at our latest trading scans, which can help you find potential capitulations and explosions out of consolidations.
Get our exact metrics and replicate them yourself.
8) Broadcom takes page from Drexel playbook with Qualcomm offer (Pittsburgh Post-Gazette)
Broadcom is using a tactic popularized by corporate raiders in the 1980s to convince Qualcomm and its shareholders that it has the means to complete the biggest tech deal ever.
9) Deloitte Report: Over 26,000 Blockchain Projects Began in 2016 (CoinDesk)
More than 26,000 new projects related to blockchain were created on code repository GitHub last year, according to data collected by Deloitte.
For its new report – titled “Evolution of Blockchain Technology: Insights from the GitHub Platform” and published today – the professional services firm drew information from the development platform, which plays home to the code for over 86,000 blockchain initiatives, including major projects like bitcoin.
10) Denzel Washington on the Power of Falling Forward (NY Times)
In 2011, Academy Award-winning actor Denzel Washington explained why you need to embrace failure to be ready for success.