#1 Mistake Traders Make Before Leaving a Trading Session

There is a mistake I repeatedly catch on Trading Twitter and even to a lesser degree on our proprietary trading desk.  From my seat, this is the #1 mistake traders make before leaving a trading session.  Let me share this #1 mistake.  And then challenge the trading community for all of us to be better…together. I was scrolling through Trading … Read More

A Saturday Trading Strategy

I came into the office Saturday to get some work done.  Just prior my son finished a baseball doubleheader in Queens. We drove back home, dropped his bags at our apartment, changed, and headed to the office.  His mom and sister were at our beach house so it was just the boys. To keep Luke occupied, while I worked, we … Read More

9 Trading Lessons Essential for Today’s Market

1. Develop your system to short circuit trades that do not feel right. What you certainly DO NOT want to do is short circuit a trade based on your feel before developing your system to do so.  That could lead you to prematurely exiting a good r/r trade. 2. Do your Daily Report Card without fail. Watch: How the Daily … Read More

10 Key Takeaways from May Trading (from the Prop Desk)

Each month our traders meet for a monthly review with their Team.  Our floor manager, @TheOneLanceB, our head of trader development- @SMBRecruiting, and I attend and provide mentorship during these meetings, which are run by the Team leader.  Dr. Steenbarger provides invaluable feedback to traders on their monthly review, as well.  Each trader shares their key takeaways from the prior … Read More