The #1 trading goal for a top prop trader (Consistency!)

  One of our top traders, perhaps our best, sent us his yearly goals.  I highly await this trader’s goals each year as he often recognizes the most important goal for the upcoming year.  We will reveal the #1 goal for a top trader at SMB in 2023 in this post. Choosing the wrong goal for 2023 can cause underperformance.  … Read More

Role models are essential

Over the break my family and a friend and his two daughters visited Princeton to catch a women’s basketball game…as a special gift to my daughter.  I had never been to the campus.  My wife hadn’t been in years since playing a college away game there.  The visit was a reward my daughter earned performing exceptionally well during her Christmas … Read More

Learning from the rip in Tesla

This week we wrote about how we were hawking a Tesla Bounce Trade.  See Four keys for a Tesla Bounce Trade. Friday we took that trade.  And we took a rip.  See Taking a Rip in Tesla. This weekend we challenged our traders to consider why the trade failed.  See Why did we take a rip in Tesla? Look the rip … Read More

Why did we take a rip in Tesla?

Three days ago, I wrote that we were hawking a Tesla Bounce Trade. See Four keys for a Tesla Bounce Trade. Friday we took that trade.  And we took a rip.  See Taking a Rip in Tesla. Perhaps after review, we will conclude that the Tesla Bounce Trade was worth taking.  But there is an important element of that review, … Read More

Taking a Rip in Tesla

We shared that we have been hawking a potential Bounce Trade in Tesla.  I spelled out Four Keys for a Tesla Bounce Trade.  Some on the desk pounced on a Bounce Trade in Tesla after SEEING it.  They took rips as the trade failed.  Let’s discuss an important reality to being a professional trader. Taking losses is part of the … Read More

Four keys for a Tesla Bounce Trade

Many trading eyes are waiting for a $TSLA bounce.  Let me share four keys (not all of them) to trade this opportunity well as an active trader. Sensing too many traders were positioning for a bounce *too early*, I shared this tweet with the trading community: My goal was to remind traders they needed to be specific about the Bounce … Read More

Team Good2Gr8! at SMB

At SMB we identified an important goal for 2023.  That goal is to help *good* traders become *great*.  We call it Team Good2Gr8!.  The goal is raise the floor on our good traders to improve these traders and the firm.  One exciting new best practice has come from Team Good2Gr8! that could help your trading. @TheOneLanceB, Legend, is assisting in … Read More

Wall Street’s Top Trader Invites Me to His Penthouse (Show Notes)

@BTheStory87 interviews Lance Breitstein, former back-to-back #1 trader at a tier one prop firm, in this MUST WATCH video.  Below are the Show Notes of this interview- Wall Street’s Top Trader Invites Me to His Penthouse.  We hope this video gives you numerous ideas to improve and grow as a trader. Lance and  “B The Trader” Interview Show Notes Key … Read More