8 Ideas from the Prop Desk to Improve Your Trading (#Stocktoberfest)

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This week I presented at #Stocktoberfest the @Stocktwits event masterminded by @howardlindzon.  My presentation was titled: 8 Ideas from the Prop Desk to Improve Your Trading.  Below are the slides and main ideas from my discussion.


Just intake the data the market is offering and then make the right decision- like Shark.  Don’t root.  If you do, then your trade results will not reflect how good you can be as a trader.

The Non-Scalable Trader

You must be right about direction, time and while controlling your risk/reward.

A Trader’s Treasure Hunt for Edge

There is a lot of good to be found in even the results of an underperforming trader.  Hunt for what you do best and do more of that.  This exercise propelled one SMB Trader to become one of our best traders.

The Partner Rips

Eliminate the trades where you do not have edge.  They will infect the results of all those trades where you have edge.

The Bionic Trader

We are particularly proud of one SMB Trader.  He went from Consistently Negative Trader to profitable by building a filter for his best setup.

A Successful Trader Who Made a Late Career Change

Seth Freudberg, Director of SMB Options, is an example of someone who transitioned from a job he hated into a consistently profitable trader.

The Gr8 Automated Failed Discretionary Trader

You can be the worst discretionary trader ever yet a successful quantitative trader.

#1 Lesson from Trading

“You can be better tomorrow that you are today!”- Mike Bellafiore, The PlayBook

Mike Bellafiore is the Co-Founder of SMB Capital and SMBU, which provides trading education in stocks, options, forex and futures. Bella is the author of One Good Trade and The PlayBook. He welcomes your trading questions at [email protected].

*no relevant positions

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