We were in our training room in Midtown Manhattan during our 11AM mentoring session, reviewing TSLA from the opening session. Kinda a big trading opportunity for those following markets lately. One new trader had traded it, but not particularly well. I asked him why he chose TSLA. And he rattled off what he thought was the news catalyst in the … Read More
An anecdote from the prop desk: The unprepared trader
Often new traders think they are prepared to trade when they aren’t. They think they have done the sufficient preparation to trade and the market truth is that they haven’t. Traders who we have trained from scratch to consistently profitable have always met the market definition of prepared. Those who have underperformed have met their definition of prepared but not … Read More