This is part 3 of our trader survey that breaks down the results from our trading community. You will be amazed at what you learn about the challenges and successes that traders in our community are having.
SMBU’s Options Tribe Webinar: Steve Patterson of Stevepattersontrading.com: Understanding Institutional Business Models and Their Effect on Market Direction
When you understand the business models of the market maker, the floor traders, the mid- range bank prop firms , the large bank prop firms, the small and macro hedge funds as well as the huge mutual funds, you have a multi-dimensional view of why the market does what it does. Most traders fail due to lack of knowledge about the way the market participants actually make money and when you educate yourself to the reality of their business models you can see the markets through different eyes. Steve Patterson of Stevepattersontrading.com will be sharing his experience and understanding of what drives the markets on his debut appearances on the Options Tribe.
Solutions to develop a more consistent trading process
This is part 2 of our trader survey that breaks down the results from our trading community. You will be amazed at what you learn about the challenges and successes that traders in our community are having.
The results from our SMB trading community survey (Part I)
This is part 1 of our trader survey that breaks down the results from our trading community. You will be amazed at what you learn about the challenges and successes that traders in our community are having.
Plan the Trade. Trade the Plan.
In this video, we discuss the merits of following your trading plan. Many options traders are good at designing strategies but most are challenged by actually following the details of the strategies under the pressures of market movement.
Why did I make this trade ($MGM)?
I made a trade in MGM today, and instantly self-talked: “Uhm, why I am in this trade?” It was not a trade that I trade well. It is not a trade that fits my personality. It is not a trade that extenuates my strengths. Why? Why? Why? We make progress as traders when we stop making trades that do not … Read More
Two ways to make more in OPHT
I gave a Junior Trader a hard time in our review after the close for not holding a winner longer. In all fairness, I should do the same for my trading. There are two areas where I could have traded OPHT better, consistent with trading that makes sense to me. I like trading stocks like OPHT. They had horrible news … Read More
A trick to trade bigger
“If you can’t sling around 80k shares than why bother?”- Trader Anonymous On the desk this past week one Senior Trader hit 80k shares for a scalp and a few junior guys giggled at seeing a trader take such size. It was a scalp. And it was a scalp in a stock under $2. So let’s put the size in … Read More