Last Friday as I was walking off our trading floor, a beaming SMBU student yelped at me, “Bella I could hug you after today.” He was very pleased with the progress he had made as a trader. Fast forward to today and that same trader caught me hitting the elevator for my walk home. I asked him how trading went … Read More
Some questions from a European trader learning US markets
One of our SMBU students visited our desk in NYC from Sweden today. Merritt, from SMBU Trading Conversations on Friday 1:30PM EST, joined us for lunch, as did this trader’s dad. This European trader is a graduate of SMB DNA and The Winning Trader and working on his game, after work hours from Europe. There were two issues that arose … Read More
Why I didn’t trade today
I didn’t trade this morning. I had ever intention to do so when I left the office last night. I like the opportunity in FB TWTR SRPT SPY IWM for today’s trading session. So this was not a decision of a lack of trading opportunity. I, personally, was not in an optimal state to trade. And therefor, I benched myself. … Read More
What this new trader learned on Day 1 (166 lessons)
Our new class started part I of their training this week, with the SMB Foundation. Some say, “The only way to learn how to trade is trade.” Here is some evidence contrary to that position. One trainee with past trading experience sent me his notes, without solicitation, as to what he learned on Day 1 of our training program. He … Read More
Building your trading team
Performance isn’t exclusively about skill and strategy. In fact, one top coach leaves all of this out of his top three keys to building a team. This is interesting to us as traders, as some of us trade in teams or something like teams, for improved performance. Team Trading is part III of our training for new traders on our … Read More
40 trading lessons from The PlayBook
An experienced and successful trader is starting with our desk, powered by Kershner Trading Group, next month. He is one of the more diligent traders you could meet. I have compared him to Tim Tebow in One Good Trade for work ethic. He just powered through One Good Trade and The PlayBook to improve his trading game and better prepare … Read More
Man I stink II!
The feedback I received was decidedly positive that Man I stink! was very helpful for traders. It placed in context the challenge many face to become consistently profitable traders. The new trader wants so badly to be a successful trader. Most have succeeded at most things in their life prior. They expect success quickly. And it does not work like … Read More
Man I stink!
There are four traders in our September trading class, chosen from thousands of applicants. 16 days into his trading career one our new traders wrote this review: At the start of your career you are supposed to stink. The path of many traders is: 1) lose too much 2) lose less 3) flat 4) slightly positive 5) consistently positive 6) … Read More