November 2020 was the second best month in our firm’s trading history (founded in 2005). During a firm call with our partners, we were all searching for the right word(s) to describe our performance in November. Finally, I chimed in with “amazing”. Another partner quickly agreed and said “yes it was…. AMAZING!” As like for traders, it is important for … Read More
Transforming Traders: Mentorship for Professional Trading (or Avoiding Missteps)
Let me offer a sneak peak into a conversation we had on our trading desk yesterday about mentoring a developing trader the right way. We did this virtually as almost our entire desk is remote due to Covid. Getting this mentoring right can make all the difference in the career of a trader. A senior trader pinged me for advice … Read More
Fastest Path to Elite Trader: Patience & Progress
You are trading and you are not yet an elite trader. You want to be. You think you can be. It would literally change your life if you could be. Let me share a secret that is vital to the work that we do. As someone who runs a proprietary trading business in NYC, we are in the business of … Read More
Judge your trading performance versus the opportunity
During a GChat, with an elite trader on our desk, an important lesson emerged. Sitting at my remote trading station, I was pinged with a chat: I can see how everyone is doing on our desk, with a leaderboard we use to watch risk and performance. The leaderboard displays the real-time PnL of all the desk’s traders. I hadn’t noticed … Read More