I received this email today from a veteran and *very* successful independent trader. He sends me his thoughts on his trading each day, which I really enjoy reading. And I share some feedback, where I can help. Remember, these are the thoughts of a very successful and veteran trader. If he has them, then certainly many of us have the … Read More
The Rule When Trading on Tilt
A peak into our trading desk in NYC… There are three guys I really like on our desk that have a chance. They work. They care. One has surpassed the monthly PnL number that signifies a real chance to make it by 4x. Another was first in his class to hit that number (can’t share number….compliance). The last has hit … Read More
The Trading of Past Trading
Dr. Andrew Menaker, noted trading psychologist, and I spoke briefly on the phone today about a lecture he will give to SMB. He asked for topics. I gave one and then another which I am pretty sure gets undercovered. We talk and write often about trading on tilt. That state of mind where your judgement is impaired, literally, and you … Read More