A few weeks ago I was working with a futures trading student that had been a bit beaten up as of late. We chose to take the path of stripping his trading plan down to its core. We chose to go back to basics. That’s not all though. We also came up with a plan to use market replay to … Read More
New at SMB “Futures Friday”
“Trading Conversations” (our weekly open Q&A trading webinar) is now “Futures Friday”! We’ll take this time each week to discuss all issues pertaining specifically to futures traders. Come and learn: What’s working well? What’s been challenging? What markets are moving? And more! As always, don’t forget to bring your questions. We couldn’t be more excited to continue to build this … Read More
Build a Better Options Trading Plan
The exercise of building an options trading plan is a very unique breed of business planning. We’ve found over the years that many options traders have career backgrounds as professionals or business owners. Traders with backgrounds like these often bring some of their old business planning tactics into their options trading plan. There are pros and cons to this. Pros … Read More
Traders call this a “frustrating” trading month
If you asked me to search my e-mails and chats for the word most used to describe trading this month it would be: “frustrating”. One trader wrote in an end-of-day review, “Very frustrating day for me due to finishing this red after most of the ideas were working in the AM.” Another trader wrote in his Daily Report Card, “definitely feeling a … Read More
One trader is failing because of this says him
I was talking to a struggling developing trader, presently at a trading arcade, who was looking for a new home because of a lack of mentoring. He understood that at his trading arcade (trader places a risk deposit for first losses and firm provides leverage) it was not their business model to extend mentoring and coaching. *There are other trading … Read More