We closed out a very opportunistic October this week seeing some traders we work with have enormous success. One elite trader, with whom I work with closely, surpassed 1 million in net profits. Another made over 500k in the bounce off SPY 260 and the China/US trade war. Another had his first six figure month, doubling down on collaboration with … Read More
Weekend learnings lessons for traders from our trading desk
You are a developing trader aspiring to be an elite trader. They have it all figured out you think. You can’t wait to acheive their level of success so you can stop worrying about all the nonsense in your trading, all the terrible trading in your trading. I am furtunate to coach elite traders at our firm and a select … Read More
The issue that might be holding you back as a trader
You make a profitable trade and then groan that you were not big enough. If you could just trade your best trades bigger, you would make much more! But then you also find an A+ setup (your favorite trades), put on max risk, take a loss, and then grumble that you should have lost less. I certainly have been there. … Read More
8 Keys to Profiting as a Trader During Volatile Market Conditions
There is soooo much opportunity during volatile market conditions and you are not capturing it. You hear stories of how much money traders are making. And you are not one of them. This can be *very* frustrating. I hear this from traders of all levels when they are not cashing in when volatility jumps. Often the reason is their approach … Read More
Weekend learning lessons for traders to improve your trading
You want to start improving as a trader, but you are not sure how to. And the weekend is a perfect opportunity for you to work on improving your trading, but you are not sure where to start. Moreover, the market has been extra volatile this past week and you are not sure how to attack it responsibly. You know … Read More
Mastering Position Sizing: Key to Growing Your Trading Account
You make a great trade, but then lament that your trading position was too small. You take a loss on a trade, and then grieve that your trading position was too big. If you could just get your position sizing right, then you could start making significant profits. Then you could have a realistic chance to become a CPT- Consistently … Read More
This trader wants it all and wants it now- Should he?
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