The weekend is a terrific time to work on your trading game. 1. Working on your IPO game is worth consideration, particularly in such a strong market. SONO was one of the better trades of the week on the long and short side. One developing trader sent me his Trade Management from his SONO IPO PlayBook. 2. One SMB YouTube … Read More
The weekend is a time for study and preparation for the next trading session
The weekend is a time for study and preparation for the next trading session. On our desk, one experienced trader, who went (naked) short into TWTR earningss, reviewed this trade with another veteran firm trader. This other trader expressed the same trade with options and thus limited his risk. The trader who was naked short made more, but recognized the … Read More
Unexpected Best Trade
A few days ago, I was trading crude oil. It wasn’t just any old day; I had high expectations for above average moves. I had conviction in a main idea for the day. Crude had broken down below a really key level. These are the types of days we want to really crush! I found a nice short just before … Read More
Drills For Skills: Part Two
Last week we talked about the importance of specific skill development as a whole, and how on our desk we use market replay to get more reps and practice. This week we’re going to follow up on that by talking about some of the actual drills you can begin doing. For those unaware, there are many trading platforms that allow you … Read More