This blog post by @Cyclops_Trader sharing his experience starting at a prop firm is an excellent read for traders. Cyclops contributes to the trading community that he developed his trading edge by being taught how to think like a trader. He writes: At no time did he say, “this is a buy” or “this is a sell” it was all … Read More
Weekend Learning Lessons for Traders from the Prop Desk – November 3, 2018
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
The danger of the overconfident trader
Yesterday I wrote about a trader struggling with added size and risk. In seeking a solution for this trader one possible area of focus was overconfidence. How does it happen? Why is it dangerous? What can we do to combat overconfidence? You trade well. You are seeing screens well and the market is trading in a way that allows your … Read More
Trading in a State of Flow
Mike Bellafiore, co-founder of SMB Capital, spoke to students at Pace University about trading and the need to start early while they’re in college if they want to get an edge in trading. In this short clip Bella discusses the concept of being in a state of flow. Flow by Mihály Csíkszentmihályi is a must-read book. A state of flow occurs … Read More
Who Has Made The Most Money in 2014
As a partner of a trading desk I get to observe many different trading strategies at work. One of the most interesting aspects of this to me is seeing which traders at any given point in time are pulling money out of the market. Five weeks into 2014 and three separate groups have done extremely well. And they have done … Read More