We were in our training room in Midtown Manhattan during our 11AM mentoring session, reviewing TSLA from the opening session. Kinda a big trading opportunity for those following markets lately. One new trader had traded it, but not particularly well. I asked him why he chose TSLA. And he rattled off what he thought was the news catalyst in the … Read More
Weekend learning lessons for traders from the prop desk – October 26, 2019
This Trader Needed to Wait for the Real Technical Analysis Setup (Tutorial) Options Income Trading: Why Do You Win So Frequently When Technical Analysis Trades Are More Likely to Work Top Senior Trader on what it takes to become a successful trader Top 5 Ways to Improve Risk Management *no relevant positions Important disclosures
If you want to be a great trader (anything?) you must consider this
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