Let me offer some videos for you to watch for some weekend learning for your trading from our prop desk. Our study when markets are closed is a true measure of our passion for trading. It is Saturday, I am at the office, and I am working on how we can improve as a trading firm. Our culture at SMB … Read More
I AM A TRADER
We watched tape of MEE from yesterday after the Close. It was a very difficult stock. But I heard a comment from a very bright trader that I bet is heard on other trading desks:” I don’t like scalping MEE because I can’t tell when it is going to spike 20c against me.” I know too many traders passed on … Read More
Posting a Personal Best
We have been waiting for WFMI to explode for days. Above 34 and then 34.30 were levels to add size. During our AM meeting GMan pounded the table about buying above 34 and then 34.30. One of our developing traders did and posted a personal best. Chop Rosie! Why did we like this set up? The day after earnings WFMI … Read More
A Conversation with Yourself
I received an email from a trader who is a superstar at reviewing his work. Below is an email he sent to me this weekend…..I need to slow things down and do exactly this: 1) [keep doing exactly what I’m doing, in preparation, in hard work, in planning trades, sharing ideas, and reviewing work] 2) have more patience so … Read More