Last week I presented at #Stocktoberfest the @Stocktwits event masterminded by @howardlindzon. My presentation was titled: 8 Ideas from the Prop Desk to Improve Your Trading. Below is Part I of an 8-part video series reconstructing that presentation for the trading/investing community. The highlights of this video are: 1) An anecdote about Shark, a professional trader with a quality to … Read More
8 Ideas from the Prop Desk to Improve Your Trading (#Stocktoberfest)
This week I presented at #Stocktoberfest the @Stocktwits event masterminded by @howardlindzon. My presentation was titled: 8 Ideas from the Prop Desk to Improve Your Trading. Below are the slides and main ideas from my discussion. Equanimity Just intake the data the market is offering and then make the right decision- like Shark. Don’t root. If you do, then your … Read More
A Focus on Immediately Being in the Money Helped this Trader Improve
I had a conversation with one of the traders on our desk end of month congratulating him on his improved performance and inquiring on the reasons for it. We sat in my office and I congratulated him on improving from consistently negative to flat for the month. Come again Mike? Why is that something for which to congratulate a … Read More
80/20 Rule
Do you ever think about a company and critique what they can do better? There are steps they could take to make themselves twenty percent better and you have found the path. We are clients to some who could do things better and we have the answers. But the question becomes what do you do with this information. And what I … Read More
An Exercise 2 Help U Improve as a Trader (RIG)
Today RIG was the easiest of stocks to trade. 55 was the level. RIG dipped below there. And it trended in the most beautiful downtrend. Were you in this trade? I wasn’t. This level was discussed during our AM meeting. Again I wasn’t in this trade. We have discussed this RIG level on our desk for days. Oil was weak. … Read More
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