A developing independent trader asked me: how can I better hold my trades to target? This trader wrote: This isn’t a unique to me issue so wanted to know what the traders on your desk have been successful with to dial this in. Primary strength is move2move, but this leaves me sidelined for bigger trend trades and ideas unless I’m … Read More
Elite Trading Requires Setting Time To Have Fun
This tweet was inspired by an independent trader struggling to balance his personal life with his trading. He reached out for help. He wrote: I want to consult with you about a certain thing that I have not been able to change for two years, since I started trading and it bothers me a lot. I can not balance my … Read More
Developing the Optimal Mindset for Elite Trading: Trader Psychology
A former SMB DNA student reached out to me for feedback on his trader psychology. He posed an important question. That question is: what is the optimal mindset for elite trading. This trader’s specific query was: Curious how my mindset during my best trading days compares to elite traders at your firm during their best trading days? My best trading … Read More
I want to be the best trader at the prop firm
The proper focus for a trader Focus on being your best trader. Focusing on anything different may cause you to fall short of your potential. At our prop firm, falling short of your potential is NOT acceptable. This game is about being your best. Yet, it is common for traders to strive to be better than another trader(s). Have you … Read More
When you have to start making real money as a trader (now!)
It is not uncommon for a trader to have to start making real money. Perhaps the trader is running out of money. Or if he at a firm, where he is being paid like SMB Capital, and the firm needs to see him start to make progress. The trader has his back up against the wall. The trader needs … Read More
Trading Psychology: How to Handle FOMO (Dr. Steenbarger)
Do you feel that FOMO (Fear of Missing Out) is crushing your trading PnL? That if you could just get a handle on FOMO you could become the trader you deserve to be. That FOMO is keeping you from a career as a trader and all of the rewards that come with it. Dr. Steenbarger presents in the video below, … Read More
Journey from SMB Intern to Consistently Profitable Prop Trader (Live from Stony Brook U)
@SperoTrades presents his journey from SMB Intern, to struggling trader, to thinking of quitting, to Consistently Profitable Trader. He does this all live from his former investment club at Stony Brook U. Not too long ago, Justin sat in the same seats as these college students listening to prop firm co-founder (me) teach the career of prop trader. Now here … Read More
Trader Interview: Hitting the Million Dollar Milestone in Year 2 – Here’s How
@MaxGanik sat down with @Bthestory87 (how do we get him a better Twitter handle?) in a wide-ranging interview about his young trading career. Max has had the most trading success by Year2 of anyone we have trained at the firm. As such, this interview provides tremendous value to the trading community. One topic explored during this interview is Max’s take … Read More