You want to start improving as a trader, but you are not sure how to. And the weekend is a perfect opportunity for you to work on improving your trading, but you are not sure where to start. Moreover, the market has been extra volatile this past week and you are not sure how to attack it responsibly. You know … Read More
Mastering Position Sizing: Key to Growing Your Trading Account
You make a great trade, but then lament that your trading position was too small. You take a loss on a trade, and then grieve that your trading position was too big. If you could just get your position sizing right, then you could start making significant profits. Then you could have a realistic chance to become a CPT- Consistently … Read More
8 ideas after you take a large loss as a trader to propel improved trading results
I treated my dad to Game 3 between the Yankees and Red Sox last night. I was pumped all day for the game. Admittedly, I spent more than I should have for seats. But I am a huge Yankees fan. And my dad and I used to have season tickets for years before his health issues. Even my son was … Read More
This trader wants it all and wants it now- Should he?
Hi Mike, I hope you are doing well. I am reaching out to you because I am struggling a bit, having kind of a rough month so far….. I violated pretty much every rule in my rule book which is why I decided to take today off and rather spend some time analyzing the situation and maybe come up with … Read More
Weekend learning lessons for traders from SMB: How a junior trader had his most profitable day ever
This was overall a frustrating week for traders at our firm and for the traders that I mentor outside the firm. That happens. The key is to learn and grow. There were however some highlights. One Junior Trader had his best PnL day ever. We detail the trade in step-by-step detail that led to his best trading session ever here. … Read More