Dr. Steenbarger helped me recognize one of the improvements we could make at SMB awhile ago. The partners and Senior Traders must be responsible for a great deal of teaching and mentoring. But if traders are not leveraging the talent of all firm members then that firm is not offering the best learning environment. Traders learn from other traders and … Read More
Trader’s Ask: What Do I Gain From Video Recording My Trades?
I received this question from Reader Viktor: Hi, guys! I’m learning to trade, and i’m going to video record my tape. My questions are: what should i watch during my VRS of the tape? Bids, offers, size prints, mbe smth else? What exchanges should i watch in the box? During the trading day in active stocks among nyse, arca, inet, … Read More
Hot Topics in Proprietary Trading
Steve Spencer discusses the hot topics facing proprietary trading in this Wall St. Cheat Sheet interview.
A ?4 the Trading Community- A Rule for Giving Back Profits?
Dr. Steenbarger helped me recognize one of the improvements we could make at SMB awhile ago. The partners and Senior Traders must be responsible for a great deal of teaching and mentoring. But if traders are not leveraging the talent of all firm members then that firm is not offering the best learning environment. Traders learn from other traders and … Read More
Sleep as it Relates to Effective Trading
Sleep is one of the great scientific mysteries. Although scientists understand that humans require sleep on a regular basis they do not fully comprehend why this is the case. Most adults require 7-8 hours of sleep each night in order to have optimal cognitive functioning the following day. Just as important as the “how much” is the “when” with respect … Read More
Do What You Do!
This week Roy Davis, Director of SMB Training, and I headed to the 92nd Street Y to listen to Dan Pink discuss his excellent, well-researched, thought-provoking new book on motivation in the workplace, Drive. Dan challenges our present management model by presenting new evidence why a motivational work environment should offer purpose, mastery, and autonomy (see awesome Dan Pink animated … Read More
Coach Wooden Taught Us Trading
“Do not let what you cannot do interfere with what you can do.” You become a better trader by finding the plays that make sense to you and trading more of them with more size. “It’s the little details that are vital. Little things make big things happen.” It’s the thousand little things done well before the chop that make … Read More
One Observation From The Trading Day
Being in the right stocks will largely dictate the type of day you will have. If you are in the most In Play names you are going to generate PnL commensurate with your skill level. This is why we have an AM Meeting to discuss the stocks that are most likely to be In Play for the day. Even if … Read More