5 inspirations from Dr. Steenbarger’s Master Class

Yesterday I posted 21 key takeaways from Dr. Steenbarger’s recent Master Class at the TradersExpo.   During the introduction of the Master Class Dr. Steenbarger challenged us to write down our goal for our time with him.  I wrote, “To be inspired with ideas to teach and train our guys better!” He promised not to stop teaching until each of … Read More

Sprinkle 4 ingredients onto your smart trade ideas

Here’s what I see from my seat as the managing partner of a proprietary trading desk in NYC with underperforming experienced traders.  Add four ingredients to your trades. They do a wonderful job of developing trading ideas. They have many of them and many of them work.  But too many of them do not work. And they mostly just trade … Read More

4 ways to trade with a bias

  Hi Mike, Just finished reading The Playbook (after One Good Trade earlier) and felt obligated to send a thank you note. I really appreciate you offering this information out in the form of a book unlike anyone else really does in trading! It helped me build even more on my base trading knowledge. More importantly, it made clear the … Read More

Lesson 4: The Interaction Between Process and Psychology

Lesson 4: Process and Psychology interact In the ongoing series “Seven Lessons I’ve Learned”, we come to Lesson 4. We recognize that we are trying to make the best decisions possible and that we some kind of process and discipline to guide our efforts. On the other hand, we need to get the mental game right to achieve true peak … Read More

A ?4 the Trading Community- A Rule for Giving Back Profits?

Dr. Steenbarger helped me recognize one of the improvements we could make at SMB awhile ago. The partners and Senior Traders must be responsible for a great deal of teaching and mentoring. But if traders are not leveraging the talent of all firm members then that firm is not offering the best learning environment. Traders learn from other traders and … Read More