One thought to avoid as a trader

I stumbled upon an important article for traders from this tweet from my friend Sean McLaughlin: I found this passage from the article particularly important to us as traders: The vast majority of arguments on social media could be avoided if both sides simply declared at the outset what their timeframe is. You mean we could have diametrically opposed views and … Read More

An anecdote from the trading desk after a trader’s biggest loss

One of our developing traders showed great progress last month. He was trading with real edge.  We were very proud of his work. We were excited to watch him grow over the summer months. We talked internally with our support team about bumping him up for this month. And we did.  What came next? Next came the big rip. Friday … Read More

5 ways our top traders are working to improve

  I was on the West Coast last month to present to the Scottsdale (Phoenix) Traders and Investors Meetup Group.  After my presentation, an astute and succeeding retail trader approached and asked, “What do your top traders do to improve?” At SMB, our top traders have been homegrown.  We hired them.  Trained them from scratch.  Provided capital, technology, coaching and … Read More

Bring a consistent you to markets to improve your trading

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 … Read More

This retail trader just crossed 100k in trading profits

Last month on Twitter, I spotted this tweet and impressive equity curve from a developing retail trader: As the managing partner of a proprietary trading firm in NYC, I study traders succeeding.  This retail trader is succeeding! I reached out and asked him a few questions (in bold), hoping to learn from his success.  Below are his answers. Who are … Read More

8 lessons from the prop desk (The 2017 TradersExpo NYC)

At the 2017 TradersExpo in NYC, I shared 8 lessons from our prop desk.  As a partner at a prop trading firm in NYC, I have the privilege of watching many traders grow from new to consistently profitable trader to high performing trader to even better.  I see how they succeed and why.  I share their obstacles and together we … Read More

5 inspirations from Dr. Steenbarger’s Master Class

Yesterday I posted 21 key takeaways from Dr. Steenbarger’s recent Master Class at the TradersExpo.   During the introduction of the Master Class Dr. Steenbarger challenged us to write down our goal for our time with him.  I wrote, “To be inspired with ideas to teach and train our guys better!” He promised not to stop teaching until each of … Read More

A solution to improve your patience as a trader

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 … Read More