In this post, I will share an idea to go from consistently profitable trader to star trader. I will share an effective daily exercise that I recommended to a consistently profitable trader on our proprietary trading desk in NYC, who wanted to to touch the next level in his trading. Let’s dive in. During my remarks at a recent virtual … Read More
Improve your trading this weekend with these educational videos – recap of the week of May 9, 2020
How elite prop traders are taking fewer trades with more size and achieving even larger profits How to completely remove downside risk on a bullish play with Options How the best proprietary traders are reaching new levels (surprisingly) Where the market will trade (Spencer) Trade less, with more size, for more profits *no relevant positions Important disclosures
Improve your trading this weekend with these educational videos – recap of the week of May 2, 2020
How to identify a large market move before it happens Ideas to spark real trading progress from the prop desk (an evening with Dr. Brett and Bella) The 4 keys to a junior prop firm trader profiting better than he ever has How to make larger profits from options hedges How to become a consistently profitable trader (like you deserve … Read More
Improve your trading this weekend with these educational videos – recap of the week of April 25, 2020
How to become a consistently profitable traders (like you deserve to be) The giant runaway of options trades in a highly volatile market How a junior trader profitably traded a Chinese company accused of fraud by Reading the Tape The explosive Second Day Play (trading strategy) Senior Trader presents 10 adjustments he made to spark his best month ever (so … Read More
Putting a Trade Together
Here is a checklist I use for developing an intra-day trade idea. If the answer to the first two items is YES then I continue down the list to develop a trading thesis. If NO then I don´t trade the stock. Identify if it has a strong catalyst–a strong catalyst often leads to heightened volatility (movement) which is necessary for … Read More
Some Answers on Risk/Reward, Stock Selection, and Time Frame
Hey Mr. Spencer. I was a participant in the SMB-U webinar on Tuesday morning and I have some clarifying questions I hope you could answer. 1. You discussed the importance of only trading securities with 1/5 risk reward. I understand the concept, but I’m not sure I understand how those levels are quantified. What I thought was being said was … 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
5 Pillars of Trading Success
These five pillars will help your trading consistency, which should be your ultimate goal. Interestingly enough, the 5 pillars of trading success have nothing to do with the actual act of trading or even analyzing markets. They involve the work that goes into developing into a trader, as well as developing as a trader. The trades you end up making … Read More