Posts Tagged ‘ trader education ’

A solution to improve your patience as a trader

Feb 8th, 2017 | By | Category: General Comments
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 wrote about the first three issues in my blog post yesterday, We are all working on that on our trading desk as well. But when you have the Coach K of trading coaches grace your firm, you ask him to share his thoughts on these vexing trading issues. The discussion was fascinating, Read more [...]


Competition at a prop firm fuels increased PnL

Jan 22nd, 2017 | By | Category: General Comments
People often ask ne the value of trading at a prop firm.  And there are many value adds that a prop firm brings to a trader, but I want to focus on one powerful performance driver. Competition! When SMB first formed a JV with the Kershner Trading Group our younger traders were in awe at the PnL numbers of the legacy KTG traders.  There were/are some of the best traders on the Street.  It gave them inspiration to be better.  It gave them confidence that they could make multiples more of what they were.  They were exposed to some strategies that they could co-opt with their strong trading skills to add PnL.  They saw Read more [...]


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 [...]