Dear Traders, You are meant to do something great. At SMB Capital, a proprietary trading desk in NYC/Miami, we are proud to have developed numerous 7-figure-a-year and even 8-figure-a-year traders. Yes! Become your best trader with impressive PnL. But there are many other ways to be great as a trader at a proprietary trading firm or elsewhere. Being great at … Read More
The Super Consistent Trader
We noticed one developing trader show a real ability to make money but also a lack of consistency and volatility in his trading. This was holding him back as a trader. We challenged him to focus on being more consistent, a Super Consistent Trader. How to Become a Consistently Profitable Trader (like you deserve to be) I wrote the promising … Read More
5 Keys to Make More Money in Your Profitable Trades
Have you ever made a good trade and regretted you did not make more? And after giving this more thought you concluded that if you could just make more in your best trades you could do SO much better as a trader. And I mean a lot better. In fact, this one issue, might be the thing holding you back … Read More
May Trading Insights: 10 Key Takeaways from Our Prop Desk
Each month our traders meet for a monthly review with their Team. Our floor manager, @TheOneLanceB, our head of trader development- @SMBRecruiting, and I attend and provide mentorship during these meetings, which are run by the Team leader. Dr. Steenbarger provides invaluable feedback to traders on their monthly review, as well. Each trader shares their key takeaways from the prior … Read More
How to maximize your time with an experienced trader (change idea)
In this post you will learn: How to maximize your time with an experienced trader. You have many of the trading answers you need to improve. Be dilligent because that’s who stands out to successful traders. A potential new video series for the trading community on our YouTube channel. A friend/trading colleague, @austinmitchyblu, reach out and asked for me to … Read More
Holding Winners: 8 Ideas for a Successful Trade Strategy
A developing independent trader asked me: how can I better hold my trades to target? This trader wrote: This isn’t a unique to me issue so wanted to know what the traders on your desk have been successful with to dial this in. Primary strength is move2move, but this leaves me sidelined for bigger trend trades and ideas unless I’m … Read More
Elite Trading Requires Setting Time To Have Fun
This tweet was inspired by an independent trader struggling to balance his personal life with his trading. He reached out for help. He wrote: I want to consult with you about a certain thing that I have not been able to change for two years, since I started trading and it bothers me a lot. I can not balance my … Read More
Developing the Optimal Mindset for Elite Trading: Trader Psychology
A former SMB DNA student reached out to me for feedback on his trader psychology. He posed an important question. That question is: what is the optimal mindset for elite trading. This trader’s specific query was: Curious how my mindset during my best trading days compares to elite traders at your firm during their best trading days? My best trading … Read More