Hi Mike, I hope you are doing well. I am reaching out to you because I am struggling a bit, having kind of a rough month so far….. I violated pretty much every rule in my rule book which is why I decided to take today off and rather spend some time analyzing the situation and maybe come up with … Read More
Weekend learning lessons for traders from SMB: How a junior trader had his most profitable day ever
This was overall a frustrating week for traders at our firm and for the traders that I mentor outside the firm. That happens. The key is to learn and grow. There were however some highlights. One Junior Trader had his best PnL day ever. We detail the trade in step-by-step detail that led to his best trading session ever here. … Read More
Weekend learnings lessons for traders from SMB (after one our best trading weeks)
This was one of the best trading weeks we have had as a firm. The pot names offered outsized opportunity. We have been fighting the overextension in TLRY for several trading sessions, with hedges and with responsible max losses, and traders on the desk were finally paid. I loved seeing the growth in trade structure by traders on the desk. … Read More
The issue that many traders needed help with this week
There is an issue that many traders needed help with this week. I saw this need across the board and at many firms, even firms trading different products. It is a tricky subject with a different answer for different traders. But it just kept coming up this week. Getting this aspect of your trading right is the difference between struggling … Read More
New Webinar: Two trading strategies working best in this trading environment on the prop desk
Merritt Black and I are hosting a NEW webinar: Two Trading Strategies Working Best In This Trading Environment on the Prop Desk. Merritt will present one strategy. And I will present a strategy with the benefits to your trading of: highlighting two trading indicators to help you make better trading decisions giving you a new strategy to test for … Read More
Weekend learning from SMB with trade setups working on the desk
We produce videos and blog posts to contribute to the trading community. Here is some of the best learning shared by us of late to perhaps help you and worthy for study and review this weekend. The One Trade that can make your trading career How to trade the open How to become a consistently profitable trader and a setup … Read More
Optimal Number of Stocks to Watch During a Trading Session
Hi Mike, My name is Jonathan. I am a relatively new trader and I began reading your first book One Good Trade. I love the idea of your if/then statements and I would love to work on my own statements. I have a list of plays I believe I have the most edge in, one being red to green or … Read More
I am brand new, what trader training should I take?
Hello Mike, How are you doing? I hope you had a great weekend. I have a question for you about what could a trader do with limited funds to get started in SMB. Currently, I am reading your book One Good Trade and taking notes it is eye opening and inspiring. Especially about Bruce Kovner. I am in a similar … Read More