One developing trader at our firm is not viewing his trading future only as a discretionary trader, but as a hybrid trader. A hybrid trader uses technology to make better trade decisions, and pulls money out of the market as a discretionary trader, discretionary trader armed with tools to make better trade decisions, and with automated models. Here is that … Read More
Leave room in your Game Plan for trades to just appear
We are only as good as the stocks that we trade. Traders prepare before the open for what and how they will trade- Game plan. The best traders leave room to observe what is working best, that may just be outside their game plan. One firm trader in his Daily Report Card, wrote on this topic: One thing I went … Read More
Is it your poor trading or the poor adoption of your routines?
One trader at the firm underperformed this month. In his own words, he is in a nasty losing trading streak. He is a developing trader and working to be consistent. He actually was an SMB Training student who impressed us so much, he was hired to trade on our desk. During a one-on-one mentoring session with this trader, he quickly … Read More