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