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
May Trading Insights: 10 Key Takeaways from Our 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
A Walk in Boston with 3 Experienced Traders Giving Back
Let me share a video jam-packed with trading advice and wisdom for developing and experienced traders. Three experienced traders are interviewed for this video, who have experience both as professional traders, but also mentoring traders. I make this distinction because the addition of their experience mentoring traders means they have spent significant time thinking of how best to communicate important … Read More
10 Trading Lessons from Elite Prop Trader Shark
Shark sat down for an in-depth interview with Chat with Traders. Shark is one of the best traders in our trading space, let alone our prop trading firm. This is the first one-on-one interview he has ever given for the trading community. It has been so much fun watching him grow as a trader. We are so grateful to have … Read More
How to maximize your time with an experienced trader (change idea)
In this post you will learn: How to maximize your time with an experienced trader. You have many of the trading answers you need to improve. Be dilligent because that’s who stands out to successful traders. A potential new video series for the trading community on our YouTube channel. A friend/trading colleague, @austinmitchyblu, reach out and asked for me to … Read More
10 Key Takeaways from March Trading (from the Prop Desk)
1. Gchat an accountability partner to help you trade bigger. One junior trader had a breakout month in March. During his Team monthly review, this junior trader attributed the below as a big reason for this success: During the 5-6 biggest opportunities of the month, he sent a Gchat to an accountability partner, outlined why the opportunity was worthy of … Read More
Striving for Excellence in Prop Trading (Podcast with Mike Bellafiore)
In this podcast episode with AlphaMind, Mike shares how SMB puts a heavy emphasis on learning and continual improvement. And in supporting our traders to become elite. What you will hear in this interview is how SMB’s culture of continual improvement and striving for excellence is the fuel behind our success. And this is what helps so many traders at … Read More
Holding Winners: 8 Ideas for a Successful Trade Strategy
A developing independent trader asked me: how can I better hold my trades to target? This trader wrote: This isn’t a unique to me issue so wanted to know what the traders on your desk have been successful with to dial this in. Primary strength is move2move, but this leaves me sidelined for bigger trend trades and ideas unless I’m … Read More