I just need to eliminate my ehh trades

BellaGeneral Comments

Last night, I was reading the review of one of our traders, Trader A, who wrote, “I just need to stick to my plays that make me money (ETRM, TWTO, GLYC) and just faze out those ehhh ehh trades, I will become very consistent and very profitable.” To Trader A, I responded, ” When u say get rid of ehh … Read More

The power of Team Trading

BellaGeneral Comments

  Last night Team SWang, a collection of traders with unique skill sets that trade for firm, met for drinks and food to discuss ways that they could improve.  They are one of the top teams at our firm, based on PnL and improvement. Their team leader, SWang, encapsulated how Team Trading can help traders: “I didn’t know a team … Read More

It’s hard knowing the right trading process to follow

BellaGeneral Comments

  I had lunch with a candidate for our September training class, who asked a really good question: “How did your past in sports and law influence your path as a trader?” Answer: Process To become successful in the past, I needed to follow and trust the process.  To be successful as a new, developing and even experienced trader you … Read More

Build trades around the direction of the real trade

BellaGeneral Comments

In a monthly review, a promising trader found an important area of improvement: build trades around the direction of the real trade.  The trader in his monthly review wrote: Before the Open yesterday, our top trader was fielding trade ideas from junior traders on his desk.  One junior trader offered an idea that was dismissed by the top trader.  He … Read More