Posts Tagged ‘ trading coach ’

Snapchat- When to add size

Jul 11th, 2017 | By | Category: General Comments
Traders often want to trade bigger.  Today SNAP offered an example to me of when and how. I was short Shapchat ($SNAP) intraday and scrolling through the SNAP positions of our other traders on the desk. I felt like I was not big enough in my short. I started to think where I could add to my winning position. First, one of our firm traders shorted into the close yesterday when SNAP dipped below its IPO price of 17 and held his position overnight. He was the biggest winner on the desk as SNAP gapped down, and traded down until EOD.  That swing overnight is one setup worth study for developing traders. But for those Read more [...]


Is it me or the market I am trading?

Jul 10th, 2017 | By | Category: General Comments
Hi Bella! How are you? Probably you don't remember me. My name is Andre and I am a Brazilian futures trader. We talked a few times in the past via email. I have read all of your books and others which you quote, like Brett Steenbarger. I am trading since 2009. I had great results in the past, especially in the first 4-5 years. However, from 2015 on my results dropped and I am having a bad time trying to solve this. Right now I am flat in the year. I know that as a trader I should focus on the process instead of the results. However, a few years of sample should be enough to take the results as a proof of process evolution. I Read more [...]


One thought to avoid as a trader

Jul 7th, 2017 | By | Category: General Comments
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 yet both make money? Yes, that’s right. As a day trader I might buy an intraday breakout from a short term short trader covering a failed double top short intraday trade (that works for this trader over time but not this time) and sell my position into a sharp Read more [...]


Is Forex a good product to develop a track record to be funded by a prop firm?

Jul 6th, 2017 | By | Category: General Comments
Hi Mike, I am from Singapore, and I recently just finished reading "The Playbook". I read "One Good Trade" a few years back and got me propelled into the right mindset a trader should have. I like how the book has included the part of how a professional trader thinks, I used to think that a trading plan only includes where to buy or where to sell, where to stop and what are the targets. After reading your book, I realize there is more that I should do. I have been trading Forex through Oanda, I keep a trading journal, screen shot my before and after trades, and also look back from time to time to see if I am following my Read more [...]


What drives winning

Jun 29th, 2017 | By | Category: General Comments
  This Tuesday I attended the conference What Drives Winning in Boston.  The presenters were established college and pro coaches like Gino Auriemma, Brad Stevens, Tim Corbin, Patty Grasso, Mike Gundy, Sherri Coale, with Brett Ledbetter as the organizer and moderator.  I took extensive notes and found some important principles shared that can help us as traders. Here are some ideas from the conference to help you improve as a trader: Discipline and Organization    Patty Grasso, University of Oklahoma Softball, has found her best players want discipline and organization.  It brings them comfort.  If I read one Read more [...]


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

Jun 5th, 2017 | By | Category: General Comments
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 was his worst day to date. He took an outsized loss in LULU, after a period of illiquidity. I was thinking about what to say to him this weekend. My sense was Monday, and this week, would be an important week for this young trader. Handled poorly and he would make the same mistakes many make. I Read more [...]


I just need to eliminate my ehh trades

May 24th, 2017 | By | Category: General Comments
Last night, I was reading the review of one of our traders, Trader A, who wrote, "I just need to stick to my plays that make me money (ETRM, TWTO, GLYC) and just faze out those ehhh ehh trades, I will become very consistent and very profitable." To Trader A, I responded, " When u say get rid of ehh trades be more specific. My PlayBook is abc (specific variables that make up the trade) My antiPlayBook is 123 789 2334 trades (specific variable that define the trade) Specific, specific, specific." Said another way, I do not understand what I want to faze out my ehh trades means.  What are your ehh trades?  If you do Read more [...]


Trade to your strengths…..no really do this

May 23rd, 2017 | By | Category: General Comments
It is a bit of a trading cliche now to "trade your strengths".  As a trader, one gets tired of reading these trading maxims. Hugh Kimora, Trading Heroes, said this well for traders in his recent post here: But the vast majority of trading books out there are targeted at the beginning trader. They pretty much repeat the same old trading maxims, ad nauseam. “The trend is your friend” (not always true), blah, blah, blah. Seriously.  Blah, blah, blah.  Not to bore you, but "trade to your strengths".....no really do this. One difference, about our blog and my writing, is that I am sharing what pro traders are experiencing. Read more [...]