Posts Tagged ‘ trader ’

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 [...]


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 [...]


Get Your Exclusive Inside Look of “The Winning Trader” Program

Jan 30th, 2017 | By | Category: Trading Lesson
The Winning Trader is a very intensive 10-week training experience. This Wednesday we are inviting the entire SMB community to attend the orientation webinar. During this webinar, you will learn about the tools, mentoring meetings, and training modules that are included in The Winning Trader. This is the last open meeting before we buckle down and get to work with everyone that has signed up for the live 10-week training. Save the link below and mark your calendar to join us Wednesday February 1st at 4:15 PM Eastern (NYC) https://smbclassroom.clickwebinar.com/smb-equities-webinars If you haven't signed up for TWT... right now Read more [...]


Fail, win and then fail some more to become a winning trader

Jan 29th, 2017 | By | Category: General Comments
Part II of our training program on our prop desk in NYC is Trader Development.  There is a lot of necessary and wonderful failing that goes on during Trader Development. During this process traders experiment with different setups that we highlight. There are trading strategies worth exploration that active traders use to win. We continually point them out daily during mentoring sessions and real-time audio calls. This week, traders on and connected to our desk knew we were making large trades in PULM and more importantly, the setup. We share my new favorite trading pattern to teach. Traders could see and hear Read more [...]


From floundering retail trader to profitable pro trader

Jan 24th, 2017 | By | Category: General Comments
SMB's main business is a prop trading desk in NYC.  We partner with The Kershner Trading Group, who offers the best technology suite in our space and massive buying power, to run this business.  Historically, even before Wall Street Warriors and One Good Trade and The PlayBook, SMB's competitive advantage has been training traders from new to consistently profitably and then high performing trader and then better.  It's our learning and training culture that allows our prop desk to compete. But we also run another business that is open to aspiring traders globally.  We call it SMB Training.  Our hope is to help retail, Read more [...]


What would you tell your younger trader self?

Jan 19th, 2017 | By | Category: General Comments
As I write, I am headed to Austin, Texas to train the newest class for our partners at The Kershner Trading Group.  We train the new traders down there as a part of our JV (joint venture) with KTG. I will be training these new traders using The SMB Foundation, Part I of three parts of our training. Today in our conference room, I surveyed some of the more experienced traders at our desk on what they would tell their younger trader self if they began Foundation again.  7 ideas blossomed.  Let's share them here to give you thoughts on how to improve your trading, whether new, developing or even experienced. 7 tips Read more [...]


A Trading Plan to Improve

Dec 19th, 2016 | By | Category: General Comments
This is part 5 of our trader survey that breaks down the results from our trading community. You will be amazed at what you learn about the challenges and successes that traders in our community are having. Read more [...]


Solutions to get better at taking trading losses

Dec 18th, 2016 | By | Category: General Comments
This is part 4 of our trader survey that breaks down the results from our trading community. You will be amazed at what you learn about the challenges and successes that traders in our community are having. Read more [...]