How A Junior Prop Trader Made a Series of Scalp Trades To Achieve A Daily High In Profits ($TSLA) What moves momentum stocks (where to buy $TSLA) Huge Options Trading Blunders: I’m switching to the options strategy that’s CRUSHING it Why Some Traders Never Achieve their Potential When you are ready to success as a trader (The Good Fail) *no … Read More
How this trader improved
I was chatting in the hallway at our firm in NYC, with a developing trader who was verbally proud of his improvement on that day. He was really proud. I asked him what progress he had made and how. In detail, he offered his improvement. When he was done, I asked him to memorialize the improvement in an email to … Read More
SMB College Tour
As I write I’m heading back on Amtrak to NYC, completing our fall recruiting trips. I’ve been pretty sick the past week and I’m sure that those around me are hoping I get off at the next stop. Sorry, I am not. It’s another two hours with me. Just took another swig of NyQuil, so that should help. On my … Read More
A sad anecdote of a failed trader
I received this email from a trader this week: Hey Mike, We talked awhile ago, about how your book “One Good Trade” has helped me and my 5 friends on the trading desk at our prop trading firm($$$$ Capital). I have been trading for about 12 months total and about 6 months live. I have found that your website blogs … Read More
This is a trader’s fault
I received this trading recap from an SMB Trader: I love these types of days where I can keep my tickets really low and keep 95% of what i gross. For some reason when I trade from home, i don’t over trade and am able to keep my tickets really low. maybe because i have other responsibilities when i stay home like … Read More
Five Suggestions for Traders
I was in my office today working on my next book The PlayBook when I got pinged with this from the trading community: Mike, what do you do when you’re a practicing trader, working, saving, and studying to begin trading live, and you feel your motivation begin to peter out. You have this goal but the road there seems like … Read More
The First Lesson of Trading: You Stink
A trader on our desk shared this email sent to him by another trader on our desk. It offers a great lesson to the new and developing trader based on the work of Dr. Steenbarger and a trader’s individual experience. I was reading the first chapter of Enhancing Trader Performance by Dr Steenbarger today and I realized that I was … Read More
The Market Discriminates Against the Over-thinker and Ill-prepared
Hi Mike, Never wrote you, thought I would try. Had a question. In much of what I see, read, etc., there seems to be a focus there on recruitment and somewhat of a preference to younger people as new traders on your prop desk. PLEASE note that I am not looking for an age discrimination claim here, lol. It’s just … Read More