What worked well on our trading desk in 2017

2017 was a very strong year for our trading desk in NYC. After such a strong year it is important to study what went well so we can do more of it in 2018. So what worked well for our trading desk in 2017? Team Trading Senior traders who embraced building Teams made more.  Junior traders who were willing to … Read More

Top 10 Blog Posts of 2017

Here are the top 10 blog posts of 2017 from SMB: This retail trader just crossed 100k in trading profits The Failure Rate of a Proprietary Trader Relative Volume (RVOL) Defined and Used STP Vs. ECN The End of Volatility This trader is “killing it” as a scalper Traders ask: VWAP? Beginner’s Guide to Call Options: How They Work and … Read More

Top ten trading videos of 2017

We are grateful to all who participate in our trading community.  As a way to give back to the trading community, we share lessons and observations about the market, in our Free Daily Video. Below are the top ten trading videos from 2017: 4 Lessons learned from training successful traders This trader is killing it as a scalper Why this … Read More

Trade your PlayBook for improved consistency

I received this email from a trader: Hi Mike, Terrific piece yesterday on trader development. You have a wonderful way of clarifying things. Step 1. Build your playbook of trading ideas   Step 2. Become consistent trading these plays. I have come across the word “consistent” more and more frequently but have never fully grasped just how important it is. Dr. … Read More

First comes…..next comes…..then comes……for the developing trader

Getting your priorities correct really helps shape the trading day for optimal progress. One trader with, with whom we are working, is coming along nicely.  Firm is happy with his progress.  Our sense is he has a real chance to become good. Our job is to help him set priorities.  Is that to make money?  Or is that something else? … Read More

Sometimes the best trades just come to you

Sometimes the best trades just come to you. Today was a perfect example in SUPN.  During our 11AM mentoring session with our new class, we discussed this important trading lesson. Yes! we need to prepare before the open. Yes! we want to develop theses for trades. Yes! stock selection best for you is important before the market opens. But we … Read More