At SMB we want traders to be THEIR best trader. Not as profitable as our top trader. Not the best scalper they can be. Or the best swing trader they can be. Or the best arb trader they can be. Nor the best technical trader they can be. They need to find what makes them them. As Dr. Steenbarger said … Read More
He taught me how to think like a trader
This blog post by @Cyclops_Trader sharing his experience starting at a prop firm is an excellent read for traders. Cyclops contributes to the trading community that he developed his trading edge by being taught how to think like a trader. He writes: At no time did he say, “this is a buy” or “this is a sell” it was all … Read More
Here’s what leads to your trading improvement
During the Traders4ACause Las Vegas 2019 conference @Steenbab, trading coach Dr. Brett Steenbarger, articulated the line of the event. Internally, we talk a lot about winning the trading day. Setting a daily routine and then competing to win each stage is coached. We did so yesterday with our new trading class, setting standards for them to meet. I expanded on … Read More
An effective trading technique to help limit unnecessary trading losses
We were sitting in our training room in NYC, during our daily 11AM mentoring session, and a new trader reviewing his open said, “I should have moved on from the stock.” It doesn’t really matter what the stock was or the setup, as this statement has been heard on trading desks since the beginning of trading. The new trader didn’t … Read More
Weekend learning lessons for traders from the prop desk – October 19, 2019
What no one tells you about how to become an elite trader (surprisingly) Weekly options strategies for $APPL around earnings (hint: solid returns) Traders need to understand risk management (timeless lesson) How to properly start trading a live trading account One important difference between elite traders and underperforming traders *no relevant positions
Weekend learning lessons for traders from the prop desk – October 12, 2019
Trading Psychology: Growing Your Trading Business (Dr. Steenbarger and Bella) Options Trading for a Living: You Can Become a Winning Options Traders If You Have These Qualities Risk Management: How to Smartly Increase Risk to Boost Trading Profits ($PTON) Momentum Stocks: Buying the Dip ($ROKU) Weekly Options: The Best Trade I Ever Made (US/China Trade War) *no relevant positions Important … Read More
Weekend learning lessons for traders from the prop desk – October 5, 2019
Weekly Options: The Best Trade I Ever Made (US/China Trade War) Covered Calls for Income: How to Effectively Generate Consistent Monthly Income Market Profile: A SMB Trader Reveaks How to Use this Tool to Make Effective Trades in $SPY How to make an effective IPO Trade Weekly Options Trading Earns Him $2500 Every Week (but he’s missing something huge) *no … Read More
Weekend learning lessons for traders from the prop desk – September 28, 2019
Beyond Meat Stock ($BYND)- Is this stock too crazy to trade? (Spencer) Position Sizing: How to increase trading profits with this effective trading technique (Bella) Weekly options trading earns him $2500 every week (but he’s missing something huge) (Indiana Jones) Trading Breaking News: Increase profits with an effective exit strategy (Bella) The harsh realities traders must embrace to help develop … Read More