We are only as good as the stocks that we trade. Traders prepare before the open for what and how they will trade- Game plan. The best traders leave room to observe what is working best, that may just be outside their game plan. One firm trader in his Daily Report Card, wrote on this topic: One thing I went … Read More
Is it your poor trading or the poor adoption of your routines?
One trader at the firm underperformed this month. In his own words, he is in a nasty losing trading streak. He is a developing trader and working to be consistent. He actually was an SMB Training student who impressed us so much, he was hired to trade on our desk. During a one-on-one mentoring session with this trader, he quickly … Read More
CL (Crude Oil) Options Trading
March 3, 2018 Andrew Falde SMB Options Desk Trader Yesterday in the Trading Conversations webinar, I was asked for an update on the SPX Netzero Options trades. It was perfect timing because a few minutes before the webinar started, I was approved to put my largest size on the SMB Options Desk into a CL (Crude Oil) Netzero. After mentioning … Read More
If the White House walks back tariffs, then…….
Today on the desk we discussed the importance of creating a plan for if the White House walks back its pronouncement to raise tariffs on steel and aluminum. After this announcement, the markets sold off hard and there were winners and losers. One of the really fun things traders can do our desk is play with technology. Two traders could … Read More
Trade Review–WMT HD SPY
The top In Play names this morning: WMT was my focus as the lowering of FY19 guidance was potentially a very strong catalyst. Early indications from pre-market trading were many traders were attempting to dump the stock ahead larger selling that would come after the opening bell. You can see my discussion of WMT in the AM Meeting here. With … Read More