The author below is quickly becoming one of my new mentees to watch. As a student of elite performance there is so much right about this email. The work. The concentration on improvement. The self-reflection. The detail to his learning. The depth of it. New and developing trades too often seek to copy the trades of that big trader. It … Read More
Making Decisions How to Enter on MOS
A guest post from an SMB trainee, TO: Bella has the entire floor working on their Playbooks on a daily basis, in order to take internalize our best plays. Here is one of my plays on MOS last week. 1. Big Picture: The SPY’s were in an intraday downtrend in the 116’s and next support was 115. 2. Intraday Fundamentals: … Read More
Someone Else’s Trading Cannot Fix Your Trading
I was on a call yesterday with an experienced trader who wants to do better. I also had a long talk this week with some new traders who want to do better. Finally, I received a ton of emails this month from developing traders who all want to do better. The above will never end. My most important task with … Read More
An idea to help improve your trading
Today we had an SMB Tradecast reviewing a play for the SMB PlayBook. A trainee records their best trade of the day in our SMB PlayBook template form and then sends me and the desk the trade. I choose the plays that I want to review for future SMB Tradecasts. An idea was shared that you might was to co-opt. … Read More
A Scalp Trade on JBL
This is a post from our traders TO about a scalp trade he made on JBL from yesterday: My trading desk neighbor SW and I were both trading JBL today, with 19 as the key level of interest. Without knowing it, I took the opposite direction of his trade at the Open for a quick momentum scalp. SW got long … Read More
Why I covered JBL at the bottom :)
JBL was on the minds of most intraday traders around me this AM. It was mentioned in our SMB Training AM Meeting. Before the open I ask traders around me what they will be trading. Adam? Sammy? Andrew? Jeff? Peter? Tarhini? All but one did not mention JBL as one of the top three stocks on their screens. We opened … Read More
What the market taught me last week
Are you reviewing your trading solely based on your P&L? Is your focus on what you learn from the market or how much cash you are taking out? Do you do a weekly review? Below is a weekly review by a new mentee that the developing trader might implement with their trading. Hi Bella, The following is my weekly review … Read More
Caught in an overflip (CAVM)
I haven’t been this mad at myself as a trader in a long time. After the trade I vocalized, “That was such a stupid trade. That is exactly how not to trade.” I was pissed. Furious. I had a family issue that placed me in a foul mood right before the Open. To the point where I almost got up … Read More