Thursday we held an online class for our trading community: The trading setup that turned one trader into a 7-figure trader. The replay of this class can be found below in HD video. Here is what you will learn from this class: The trading setup that catapulted a floundering developing trader into a 7-figure trader The path this trader traversed … Read More
I like this trading pattern in Mattel ($MAT)
I like this trading pattern in $MAT: a) stock gapping down b) stock with a negative news catalyst c) fight on the tape where the seller wins d) holding below VWAP e) no longer term technical support in sight f) staircase stepping down visually on our charts g) hold short for a real move We have this pattern today in … Read More
Transitioning from a Floundering Retail Trader to a Profitable Pro Trader
SMB’s main business is a prop trading desk in NYC. We partner with The Kershner Trading Group, who offers the best technology suite in our space and massive buying power, to run this business. Historically, even before Wall Street Warriors and One Good Trade and The PlayBook, SMB’s competitive advantage has been training traders from new to consistently profitably and … Read More
A Trader’s Definition of Hell
What would a trader’s definition of hell be? I say it’s the following: On your last day on earth, the trader you became will meet the trader you could have become. Scary to think about isn’t it? I have two ways of avoiding “trader hell” that I’ll share with you. Focus on process. I can guarantee you that if you … Read More
3 ideas to improve waiting for your trades
Yesterday I wrote about the #1 trading frustration of top traders on our prop desk. (#1 issue top traders want to fix in 2017 on our prop desk.) Today let’s offer 3 ideas to solve this frustration: 1. Journal your progress on waiting for setups. When are you successful waiting for setups? When are you early to enter and why? … Read More
#1 issue top traders want to fix in 2017 on our prop desk
It’s the end of the year, and time for trading business plans for 2017 from the traders on our desk. When viewing the trading plans of our best traders the issue that repeats the most to fix in 2017 is…….. Waiting for the setup! These are highly profitable traders, and even some seven-figure traders. These are experienced traders who have … Read More
Solutions to get better at taking trading losses
This is part 4 of our trader survey that breaks down the results from our trading community. You will be amazed at what you learn about the challenges and successes that traders in our community are having.
Win the Trading Day!
This is part 3 of our trader survey that breaks down the results from our trading community. You will be amazed at what you learn about the challenges and successes that traders in our community are having.