Posts Tagged ‘ smb capital ’

Is it me or the market I am trading?

Jul 10th, 2017 | By | Category: General Comments
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 the first 4-5 years. However, from 2015 on my results dropped and I am having a bad time trying to solve this. Right now I am flat in the year. I know that as a trader I should focus on the process instead of the results. However, a few years of sample should be enough to take the results as a proof of process evolution. I Read more [...]


What drives winning

Jun 29th, 2017 | By | Category: General Comments
  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 ideas from the conference to help you improve as a trader: Discipline and Organization    Patty Grasso, University of Oklahoma Softball, has found her best players want discipline and organization.  It brings them comfort.  If I read one Read more [...]


I just need to eliminate my ehh trades

May 24th, 2017 | By | Category: General 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 trades be more specific. My PlayBook is abc (specific variables that make up the trade) My antiPlayBook is 123 789 2334 trades (specific variable that define the trade) Specific, specific, specific." Said another way, I do not understand what I want to faze out my ehh trades means.  What are your ehh trades?  If you do Read more [...]


The power of Team Trading

May 12th, 2017 | By | Category: General 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 could help my trading so much."  Full stop. SWang credited many traders on his team for helping him make more: One trader on his team was a go-to for information on an inefficiency strategy One trader on his team captured shorts at the best price for him One trader built filters Read more [...]


Expectations poison good trading

May 8th, 2017 | By | Category: General Comments
What is the market doing?  And how can I participate, while controlling my risk/reward?  Those are constructive questions to ask, while hawking markets. Even profitable traders can forget to focus on these questions. I had a conversation with a top trader, with whom I work, who recognized he was projecting expectations into this trading.  His month was off to a slow start.  It could have been better.  But he was getting in the way.  This trader thrives by being aggressive, but he also needs to be patient. This trader had thoughts about how markets would trade before and after the French election. This Read more [...]


Build trades around the direction of the real trade

May 4th, 2017 | By | Category: General 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 counseled, "The news is not good enough to be interested in that stock."  This top trader wanted something that could soar or dive intraday to make it worth his attention.  Looking at the big picture for this opportunity, it was not big enough. I was chatting with Merritt Read more [...]


I want my business judged on MY trades!

May 2nd, 2017 | By | Category: General Comments
I have been mentoring a futures trader recently.  In a daily review (below), he provided feedback that mentoring encouraging him to focus on his best trades was powerful.   I am working with a developing equities trader, who is very profitable when he focuses on his trade.  He can tell you what it is.  He writes in his reviews that he wishes to wait for these trades.  Most recently, I suggested he place a post it on his trading screen: I want to be judged on MY trades! This is a simple exercise, yet powerful.  Try it. *no relevant positions   Read more [...]


7 ideas for improving your trading consistency

Apr 22nd, 2017 | By | Category: General Comments
I was recently a guest lecturer at Stony Brook University sharing my knowledge of trading and trader development with interested students.  At the end of my lecture, a student approached and asked, "How can I improve my trading consistency?" We have polled our trading community for the top trading issues they would like to solve, and trading consistency consistently makes the list. Many have some success in trading, trades where they really get it.  Trades where they really have edge.  And then they also have periods of frustration and losses.  If they could just keep the good trades and rid the bad ones. At the Read more [...]