All entries by this author

Bring a consistent you to markets to improve your trading

Mar 17th, 2017 | By | Category: General Comments
Trader wants to improve his trading consistency.   (Please assume Trader has some edge in markets.) Trader might double down on their efforts to perform better during market hours.  If I just focus better.  If I just take only A+ trades.  If I just wait for my trades more patiently.  If I just use this indicator.  If I just size up in my best trades.   If I just stop making those trades.  If I just give my trades more room.  And on and on and on....... What if the progress is not in the effort during market hours? We know markets are always changing.  We know that each trade is not quite the same.  This Read more [...]


This retail trader just crossed 100k in trading profits

Mar 13th, 2017 | By | Category: General Comments
Last month on Twitter, I spotted this tweet and impressive equity curve from a developing retail trader: As the managing partner of a proprietary trading firm in NYC, I study traders succeeding.  This retail trader is succeeding! I reached out and asked him a few questions (in bold), hoping to learn from his success.  Below are his answers. Who are you and where are you from? Why did you get started in trading? I’m a retail trader from Sydney (@_jpark89 on Twitter) and videos such as “How to make $1000 in 10 minutes,” “How to buy stocks before they spike 200%,“ “How to turn $1000 into $10,000,” were Read more [...]


SMB will be visiting the Scottsdale-Phoenix Traders and Investors Meetup Group

Mar 10th, 2017 | By | Category: General Comments
  I will be visiting Scottsdale-Phoenix Traders and Investors Meetup Group March 28th in Scottsdale/Phoenix, Arizona. Here in the link to learn more about the event and sign up. The title of my presentation is: A Case Study of 8 Successful Traders at SMB Capital: Why and How They Consistently Win Examples of the trade setups that these traders focus upon. The cognitive and personality traits that make each of them distinct traders. Stories of how these traders have gone from new trader to consistently profitable. Formula for the 7-figure trader Q&A Examples of traders succeeding in Stocks, Read more [...]


How do I start as a trader?

Mar 7th, 2017 | By | Category: General Comments
Recently I visited Pace University investment club to talk about the life of a proprietary trader.  We make an effort to reach out to college trading clubs and college investment clubs and meet their members.  Some of our best traders have come from these clubs.  Also, college students rarely get to interact with a professional trader so sharing our experience is helpful. At my presentation for Pace a sharp member asked, "How do you recommend we get started trading?" It is a great question.  I have written about this extensively in The PlayBook, but let me offer an outline here: Read, read, read about markets Read more [...]


8 lessons from the prop desk (The 2017 TradersExpo NYC)

Mar 3rd, 2017 | By | Category: General Comments
At the 2017 TradersExpo in NYC, I shared 8 lessons from our prop desk.  As a partner at a prop trading firm in NYC, I have the privilege of watching many traders grow from new to consistently profitable trader to high performing trader to even better.  I see how they succeed and why.  I share their obstacles and together we push past them.  I have a floor seat to watching them grow.  Along the way, these traders teach me and our trading community lessons. Today I will share 8 lessons with you learned from traders on our desk. Find a trading niche that has edge and leverages your personality and cognitive strengths. Read more [...]


5 inspirations from Dr. Steenbarger’s Master Class

Feb 28th, 2017 | By | Category: General Comments
Yesterday I posted 21 key takeaways from Dr. Steenbarger's recent Master Class at the TradersExpo.   During the introduction of the Master Class Dr. Steenbarger challenged us to write down our goal for our time with him.  I wrote, "To be inspired with ideas to teach and train our guys better!" He promised not to stop teaching until each of us had achieved our goal.  For me, he delivered. Today, I would like to share 5 inspirations from the Master Class to train our traders better. 1. Develop a revised checklist for One Good Trade.  I developed a template for a good risk/reward trade in One Good Trade.  Dr. Read more [...]


21 key takeaways from Dr. Steenbarger’s Master Class

Feb 27th, 2017 | By | Category: General Comments
This Sunday I had the privilege of taking Dr. Steenbarger's Master Class, trading coach and author, at The TradersExpo NYC.  It was four hours jam-packed with learning.  The Master Class was truly exceptional! Many have reached out to my inbox and asked for me to share my notes with you.  I will do so here. To become a distinct trader you must leverage your personality and cognitive strengths. Distinctive traders possess distinctive strengths. Conscientiousness and resilience build success. Openness to experience sustains success. The largest players use factors to make trade decisions. The successful Read more [...]


Master Class taught by Dr. Steenbarger

Feb 24th, 2017 | By | Category: General Comments
I am really excited to be taking the Master Class taught by Dr. Brett Steenbarger, trading coach, this Sunday at The TradersExpo NYC. Our culture at SMB is simple: improve every day. That starts with me and continues through all, including the newest of newbs. I was privileged to see an outline of the Master Class and provide feedback, which I would describe as jam-packed with learning. If you are in the NYC area, and serious about working on your trading game, I hope to see you at the Master Class. Bella *I will be presenting Monday at the TradersExpo NYC at 8:15AM- 8 lessons from the prop desk: Success stories Read more [...]