Posts Tagged ‘ prop trading ’

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 [...]


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 [...]


A solution to improve your patience as a trader

Feb 8th, 2017 | By | Category: General Comments
Dr. Brett Steenbarger, the Coach K of trading coaches, generously visited our firm today and spoke with our traders.  I asked him to tackle four issues during his discussion: I want to take my trading to the next level If I could just wait for my setups If I could just stop taking lesser trades Define the competitive trader I wrote about the first three issues in my blog post yesterday, We are all working on that on our trading desk as well. But when you have the Coach K of trading coaches grace your firm, you ask him to share his thoughts on these vexing trading issues. The discussion was fascinating, Read more [...]


Why join a prop desk?

Feb 2nd, 2017 | By | Category: General Comments
  On my blog for Yahoo Finance Contributor, The Trading Coach, there is an Ask Anything option.  One reader asked: What are the advantages of trading prop? We are a proprietary trading desk in NYC, trading stocks, options, futures, and automated trading.  The firm, powered by Kershner Trading Group, provides capital, training, coaching and mentoring, technology and assumes all risk.  The reader was a retail trader, trading his own account. Here are some reasons to trade prop: 1. Capital It is common for our better 20-something traders to trade a 10-20m account.  Traders can make more when the best opportunities Read more [...]


3 ideas to improve waiting for your trades

Jan 1st, 2017 | By | Category: General Comments
Yesterday I wrote about the #1 trading frustration of top traders on our prop desk. (#1 issue top traders want to fix in 2017 on our prop desk.) Today let's offer 3 ideas to solve this frustration: 1. Journal your progress on waiting for setups.  When are you successful waiting for setups? When are you early to enter and why? Patterns will emerge, when you are tracking this specific goal.  A better understanding from tracked data on this issue will help you improve. For example, many traders are too aggressive trading on Mondays.  They are so hyped up to show the market how they will improve on Monday that they Read more [...]


#1 issue top traders want to fix in 2017 on our prop desk

Dec 31st, 2016 | By | Category: General Comments
It's the end of the year, and time for trading business plans for 2017 from the traders on our desk. When viewing the trading plans of our best traders the issue that repeats the most to fix in 2017 is........ Waiting for the setup! These are highly profitable traders, and even some seven-figure traders. These are experienced traders who have shown a history of success and consistency of edge in different market environments. Repeatedly the issue most top traders on our desk struggle with is forcing trades. There can be a fine line in some cases from seeing the trade then putting on size and forcing the trade. Read more [...]


Why this special trader failed to hit his stride with us

Nov 1st, 2016 | By | Category: General Comments
One of our special developing traders failed to hit his stride with us. He worked as hard as anyone at the firm.  Everyday he sent me his in-depth daily trading review to my inbox. His reviews set the standard for Junior traders. He worked on his trading game in college, before he arrived at SMB.  I have strongly advocated for aspiring traders to start working on their trading game in college in The PlayBook and here. He was coached by one of the top three NYC traders, during his training with Team Trading. He learned to us technology to assist his trading with custom filters and scanners. He even built some Read more [...]


Why I didn’t trade today

Sep 23rd, 2016 | By | Category: General Comments
I didn't trade this morning.  I had ever intention to do so when I left the office last night.  I like the opportunity in FB TWTR SRPT SPY IWM for today's trading session.  So this was not a decision of a lack of trading opportunity.  I, personally, was not in an optimal state to trade.  And therefor, I benched myself. First, for those of you who have children, you might empathize with this next anecdote.  Three times last night, while in a dead sleep, my son approached my bed, leaned directly into my right ear and said, "DAD.........".  There were different iterations of what followed after DAD!, but each awoke me Read more [...]


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