Posts Tagged ‘ trader education ’

3 ideas to improve waiting for your trades

Jan 1st, 2017 | By | Category: General Comments
Yesterday I wrote about the #1 trading frustration of top traders on our prop desk. (#1 issue top traders want to fix in 2017 on our prop desk.) Today let's offer 3 ideas to solve this frustration: 1. Journal your progress on waiting for setups.  When are you successful waiting for setups? When are you early to enter and why? Patterns will emerge, when you are tracking this specific goal.  A better understanding from tracked data on this issue will help you improve. For example, many traders are too aggressive trading on Mondays.  They are so hyped up to show the market how they will improve on Monday that they Read more [...]


#1 issue top traders want to fix in 2017 on our prop desk

Dec 31st, 2016 | By | Category: General Comments
It's the end of the year, and time for trading business plans for 2017 from the traders on our desk. When viewing the trading plans of our best traders the issue that repeats the most to fix in 2017 is........ Waiting for the setup! These are highly profitable traders, and even some seven-figure traders. These are experienced traders who have shown a history of success and consistency of edge in different market environments. Repeatedly the issue most top traders on our desk struggle with is forcing trades. There can be a fine line in some cases from seeing the trade then putting on size and forcing the trade. 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 [...]


Win the Trading Day!

Dec 17th, 2016 | By | Category: General Comments
This is part 3 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 develop a more consistent trading process

Dec 16th, 2016 | By | Category: General Comments
This is part 2 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 [...]


The results from our SMB trading community survey (Part I)

Dec 15th, 2016 | By | Category: General Comments
This is part 1 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 [...]


A trick to trade bigger

Dec 11th, 2016 | By | Category: General Comments
"If you can't sling around 80k shares than why bother?"- Trader Anonymous On the desk this past week one Senior Trader hit 80k shares for a scalp and a few junior guys giggled at seeing a trader take such size. It was a scalp. And it was a scalp in a stock under $2. So let's put the size in perspective. But it does help illustrate an idea, a trick, I have observed has helped successful traders trade bigger. I have seen trading bigger with large size in cheap stocks help traders, who control their risk, trade bigger in all of their positions. I have written in The PlayBook about a better way to trade bigger.  But Read more [...]


Trading lesson learned from a large loss

Dec 9th, 2016 | By | Category: General Comments
I am proud of a trader on our desk. He got stopped out in FNSR.  In a trade that he should not have made.  The trade is too fast for him. (Learn more about trading edge in this video.) He violated his stop loss. He got caught like a deer in headlights as the trade went against him. That is a pretty tough down move for a stock that appeared to have good news before the open. Bella, why are you proud of this trader?  He appeared to do so much wrong. He learned very valuable lessons from this trade, as he specifically communicated to me in a closed-door review. This trade does not fit his personality. Read more [...]