One of our top traders, perhaps our best, sent us his yearly goals. I highly await this trader’s goals each year as he often recognizes the most important goal for the upcoming year. We will reveal the #1 goal for a top trader at SMB in 2023 in this post. Choosing the wrong goal for 2023 can cause underperformance. … Read More
Journey from SMB Intern to Consistently Profitable Prop Trader (Live from Stony Brook U)
@SperoTrades presents his journey from SMB Intern, to struggling trader, to thinking of quitting, to Consistently Profitable Trader. He does this all live from his former investment club at Stony Brook U. Not too long ago, Justin sat in the same seats as these college students listening to prop firm co-founder (me) teach the career of prop trader. Now here … Read More
Improve YOUR trading this weekend with these proven educational videos – recap of the week of October 3, 2020
One Tape Reading Exit Strategy Every Traders Must Add To Their Trading An Intriguing Presidential Election Options Strategy The Smartest Dumb Trade You’ll Ever Make 4 Reasons this New Trader Impressed Us How to Become Consistently Profitable Trader (like you deserve to be) (SMB Classic)
Weekend learning lessons for traders from the prop desk – January 11, 2020
The Danger To Your Trading Account Of Not Risking Enough In Your Best Stock Trading Opportunities (Breakout Trade $NIO) Here’s How A Simple Options Income Strategy Could Have Easily Beaten The 2019 Equity Markets Why Are You Losing Money? How to Become a Consistently Profitable Trader How to Crush it (Trading) in 2020 *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
A trader struggles with added risk
Here is an anecdote from our proprietary trading desk in NYC. A consistently profitable trader (CPT) shot me an email this week to chat about struggling with a recent bump in share size and risk. He felt he had taken a step back with his trading after being given the opportunity by the firm to take a few steps forward … Read More