The weekend is a time for study and preparation for the next trading session.
On our desk, one experienced trader, who went (naked) short into TWTR earningss, reviewed this trade with another veteran firm trader. This other trader expressed the same trade with options and thus limited his risk. The trader who was naked short made more, but recognized the trader using options structured his trade better. The naked short trader proclaimed, “This trade was a layup after FB earnings.” There was a better way to structure this “layup” trade.
One diligent intern shared that the float (or almost all of the float) has been accumulated in AWX. A form 3 was filed and copies of it were dispersed to the trading desk. One Team Leader spelled out he would attack this opportunity on Monday. Another savy trader, with research to support his point, shared potentially easier trades with sympathy plays. On Saturday night they were warming up to trade their best next week.
I am reading Daily Report Cards from traders at the firm and 7-figure trades outside. Traders are outlining solutions for improved performance.
There is a constructive conversation on Twitter about handling risk from my post Stop losses for stock riches. The next wave of CPTs are doing the work to become successful.
Perhaps you will find value studying some of our trading videos on YouTube.
The most common trading question I am asked
If you cannot solve this issue than you ought to find new work
How to become a consistently profitable trader
The greatest risk/reward trades during earnings season
Finish the month with solid trading.
* no relevant positions