During our monthly trader reviews this week one best practice repeated 3xs as helpful to traders. Get up and take a walk when you are angry. I remember when I first started trading, watching and hearing traders bang and cuss as if at a NY Rangers game. I remember thinking that is so unprofessional. And then I started trading (insert … Read More
Put the trade on……NOW
It is that time of the month. Time for monthly reviews from our traders and time for me to read them. One developing trader wrote something that will trigger an important conversation about spotting your best trades. If you do this better this month you will see improvement with your trading. This developing trader wrote: Decrease the amount I lose … Read More
An antidote to trading on tilt
I received this email today from a veteran and *very* successful independent trader. He sends me his thoughts on his trading each day, which I really enjoy reading. And I share some feedback, where I can help. Remember, these are the thoughts of a very successful and veteran trader. If he has them, then certainly many of us have the … Read More
What will they say about you?
What will they say about you after your trading career? I was interviewing a female retail trader for a spot on our desk and asked her one of my standard questions. She was self-taught, a single mom, former teacher, living in the Dallas/Forth Worth region and posting consistent six-figure returns, with a small trading account. I asked: who is your … Read More
Time Diversification of Options Trades
Seth Freudberg discusses how to diversify your options portfolio. In our Daily Video he focuses on how time is one of the best means of diversifying market neutral income trades. It’s best to diversify your options income strategies so that they are not all subject to the exact same risks. One important form of diversification is to spread the initiation of … Read More
3 steps to win as a trader
In a previous post, I suggested this video on how to win, by Brett Ledbetter. How do we apply the lessons from this video of performance wisdom and apply it to our trading, so we improve? How does this video help us win as a trader? Consider three simple steps to improve as a trader and start winning: 1) Determine … Read More
Lessons learned in Chicago from experienced traders
Lessons Learned in Chicago From Experienced Traders from smbcapital This week I visited Chicago and with experienced traders covering different products and in different structures. I visited with traders at hedge funds, prop firms, broker dealers, trading education centers, independent traders, exchanges, and institutions. These seasoned veterans expressed their ideas in options, futures, stocks, automated trading, and international markets. … Read More