We noticed one developing trader show a real ability to make money but also a lack of consistency and volatility in his trading. This was holding him back as a trader. We challenged him to focus on being more consistent, a Super Consistent Trader. How to Become a Consistently Profitable Trader (like you deserve to be) I wrote the promising … Read More
6 Ideas to Avoid Harmful Bias in Your Scalping
Here is an impressive observation made by a developing trader on the desk that can help your trading, specifically your scalping. The trader observed: I have sometimes gotten in situations where I have an overall directional bias on the name I’m currently trading, and it ends up bleeding into the actual scalps I’m taking. Scalping Rules (The secrets to scalp … Read More
An age-old trading problem to solve
There is a trading problem traders sought to solve when I started trading. (We don’t have to mention when that was if that is okay with you). There is a trading problem new traders needed to solve when we started our firm in 2005. There is a trading problem some new traders on our desk need to solve today. In … Read More
Timeless Advice for New Traders…Scalp!
My timeless trading advice for new traders is….scalp. Okay, let me explain why. What I heard too often During a recent team monthly trader meeting, I heard too often something that I wasn’t crazy about. I was particularly not so thrilled hearing it from the younger traders. While I wasn’t so thrilled, this did offer an opportunity to set expectations … Read More
5 Keys to Make More Money in Your Profitable Trades
Have you ever made a good trade and regretted you did not make more? And after giving this more thought you concluded that if you could just make more in your best trades you could do SO much better as a trader. And I mean a lot better. In fact, this one issue, might be the thing holding you back … Read More
Boost Your Trading Performance: 4 Simple Solutions to Avoid Missing A+ Trades
Do you ever feel like if I you could just take my best trades, we say A+ trades, my results would be a lot better? I am talking a lot better. You are probably right. Let me share a recent anecdote about this from the desk and offer 4 simple solutions. A few traders on the desk had been missing … Read More
Thank you Covid!
I got Covid for the first time this week. Many on the desk didn’t miss their opportunity to tease me about being the last person on earth to get it. My son got it as well. That meant a trip to our house on the Jersey Shore to isolate from mom, his sister, and others. So it was just the … Read More
The decisions you make about your trading business matter
The decisions you make about your trading business matter. To this point, I received the note below from a 7-figure trader on our desk. He was a 7-figure trader by his second year of trading. Not easy to do. Not often you see that. This is a very talented trader and person. Even for him his decisions about his trading … Read More