Posts Tagged ‘ trading mentor ’

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 [...]


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 [...]


Traders telling me One Good Trade is helping their options trading

May 22nd, 2017 | By | Category: General Comments
One of the great rewards from writing One Good Trade are the positive unintended consequences.  One of those is how much the book has helped traders other than equities day traders.  Let me offer two examples. Today at lunch, I sat with an income options trader, who shared his trading breakthrough was reading One Good Trade.   This trader had never applied the principles of One Good Trade to his income options trading, started to, and then found trading success.  The largest reason was because the trader had protected trades not working in the past.  Trader added to a losing position because this was best for the original Read more [...]


The power of Team Trading

May 12th, 2017 | By | Category: General Comments
  Last night Team SWang, a collection of traders with unique skill sets that trade for firm, met for drinks and food to discuss ways that they could improve.  They are one of the top teams at our firm, based on PnL and improvement. Their team leader, SWang, encapsulated how Team Trading can help traders: "I didn't know a team could help my trading so much."  Full stop. SWang credited many traders on his team for helping him make more: One trader on his team was a go-to for information on an inefficiency strategy One trader on his team captured shorts at the best price for him One trader built filters Read more [...]