Today on the desk we discussed the importance of creating a plan for if the White House walks back its pronouncement to raise tariffs on steel and aluminum. After this announcement, the markets sold off hard and there were winners and losers. One of the really fun things traders can do our desk is play with technology. Two traders could … Read More
Recruiting traders for Teams that fit their talents
During an interview with now one our new hires, I imagined the candidate trading on one of our specific teams. I thought he could be a very good scalper. I could imagine him succeeding on Team Scalping. The candidate had a history of very fast thinking. He had done the type of thinking prior to this interview to be … Read More
Collaborating to build automated models
In his Daily Report Card, a developing hybrid trader noted the important value talking to another trader on the desk about his idea for an automated trading model. (A hybrid trader is one who profits with discretion, AND discretion armed with technology, AND automated models. They are not just a discretionary trader, pushing buttons based upon what they see in … Read More
Meeting Traders in Chicago Next Week: Trading with Stops
This was a bittersweet week for traders on the Street. The sweet? We saw one of our top traders post three 200k days. In one week, he made nearly as much as his best month ever. His goal of making 8-figures in a year became more of a reality. Our options desk struggled. They shorted volatility and got stopped out. … Read More
The Black Shirt
There is a Green Shirt that hangs on the wall of our trading floor. You earn the Green Shirt for posting 1m net in trading profits. And then there is the Black Shirt. For that a firm trader must earn north of 2m in net profits. The firm challenged the trader above, a Black Shirt recipient for 2017, approximately 4 … Read More
SMB at TradersExpo NYC- Feb 25-27
I will be presenting at the TradersExpo in NYC, which you can attend from Feb 25-27. I will be presenting on a panel spearheaded by my friend John Netto- Profiting in the New Market Ecosystem. I will also be presenting: Two Trades Working Best in Current Market Conditions. We offer a unique perspective to those who attend. We are a … Read More