I received this Daily Trading Review from one of our traders. It highlights the importance of learning to combat Negative Self Talk. I am an (expletive deleted). I had a comeback going, at 2:20pm I was down $23 after being down all day.I was calm and selective and thoughtful all mid day and into the 2:30 hour. I lost $250 … Read More
One Good Trading Day
I received this Daily Review yesterday from one of our traders. I highlight in this blog because it represents One Good Trading day. If you get as much as this trader during each trading day you will grow as a trader. If you are not improving as much as this trader each trading then you have some work to get … Read More
Finding Repeatable Patterns
After the close we discussed some plays from Stocks In Play yesterday. When we look at a stock we search for patterns. Patterns that repeat. Patterns that make sense to us. Patterns that we can work at to master. So for these three stocks we are making risk/reward trades with the patterns we see. We have a full playbook of … Read More
Reversal Rehearsal
I have noticed recently a lot of money being made on the desk via reversal patterns. A reversal pattern is when a stock that has trended in one direction stops trending and then begins a new trend in the opposite direction. Reversal patterns can be much easier to trade than the initial trend as they usually unfold over a longer … Read More
A 2 Day VWAP Trade (CNC)
During a daily review an SMB Trader wrote this about his trading in CNC: CNC pulled back to 2 day VWAP and break out area from yesterday. Waited for break in intraday downtrend to get into this stock. When it began to hold above .70 I was up to 1,200 shares from .72. Was waiting for the push through .80 … Read More
Learn to Process the “Noise” to Improve as a Trader
I received this email from a prop trader: I’m very disappointed with the way I traded today. I had two more paragraphs written here explaining some potential causes for my under performance. When I started to write the third I realized how simple it all is. To summarize those thoughts, I get worked up and anxious when trading on the … Read More
The myth of the pain threshold
An SMB Trader during his daily review wrote: Today was definitely a day to really pick your spots for initiating trades. I think for the most part I selected the right stocks today but just had trouble managing some of the trades namely in FB and FAST. Something I thought about today after getting stopped out of a FB short … Read More
Is bad really bad?
Over the past few years I have noticed some good coming out of what I first thought was all bad. When I lost my mom there was at first only loss, but then I recognized some good. When my dad had a stroke it was at first so horrible, but then some good. When we lost a mess of traders … Read More