Snapchat- When to add size

Traders often want to trade bigger.  Today SNAP offered an example to me of when and how. I was short Shapchat ($SNAP) intraday and scrolling through the SNAP positions of our other traders on the desk. I felt like I was not big enough in my short. I started to think where I could add to my winning position. First, … Read More

Is it me or the market I am trading?

Hi Bella! How are you? Probably you don’t remember me. My name is Andre and I am a Brazilian futures trader. We talked a few times in the past via email. I have read all of your books and others which you quote, like Brett Steenbarger. I am trading since 2009. I had great results in the past, especially in … Read More

One thought to avoid as a trader

I stumbled upon an important article for traders from this tweet from my friend Sean McLaughlin: I found this passage from the article particularly important to us as traders: The vast majority of arguments on social media could be avoided if both sides simply declared at the outset what their timeframe is. You mean we could have diametrically opposed views and … Read More

What drives winning

  This Tuesday I attended the conference What Drives Winning in Boston.  The presenters were established college and pro coaches like Gino Auriemma, Brad Stevens, Tim Corbin, Patty Grasso, Mike Gundy, Sherri Coale, with Brett Ledbetter as the organizer and moderator.  I took extensive notes and found some important principles shared that can help us as traders. Here are some … Read More

From Options Student to Consistent Options Money Maker

This is Andrej Fedor (middle), SMB Options Desk trader, with Seth Freudberg and me after lunch in NYC.  Andrej was a former student of Seth’s for our education arm, SMB Options.  Now he sits as a profitable trader on our options desk. We love to study former students turned successful traders at SMB.  And then we love sharing their path … Read More

An anecdote from the trading desk after a trader’s biggest loss

One of our developing traders showed great progress last month. He was trading with real edge.  We were very proud of his work. We were excited to watch him grow over the summer months. We talked internally with our support team about bumping him up for this month. And we did.  What came next? Next came the big rip. Friday … Read More

I just need to eliminate my ehh trades

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