We are only as good as the stocks that we trade. Traders prepare before the open for what and how they will trade- Game plan. The best traders leave room to observe what is working best, that may just be outside their game plan. One firm trader in his Daily Report Card, wrote on this topic: One thing I went … Read More
Is it your poor trading or the poor adoption of your routines?
One trader at the firm underperformed this month. In his own words, he is in a nasty losing trading streak. He is a developing trader and working to be consistent. He actually was an SMB Training student who impressed us so much, he was hired to trade on our desk. During a one-on-one mentoring session with this trader, he quickly … Read More
If the White House walks back tariffs, then…….
Today on the desk we discussed the importance of creating a plan for if the White House walks back its pronouncement to raise tariffs on steel and aluminum. After this announcement, the markets sold off hard and there were winners and losers. One of the really fun things traders can do our desk is play with technology. Two traders could … Read More
Collaborating to build automated models
In his Daily Report Card, a developing hybrid trader noted the important value talking to another trader on the desk about his idea for an automated trading model. (A hybrid trader is one who profits with discretion, AND discretion armed with technology, AND automated models. They are not just a discretionary trader, pushing buttons based upon what they see in … Read More
The Black Shirt
There is a Green Shirt that hangs on the wall of our trading floor. You earn the Green Shirt for posting 1m net in trading profits. And then there is the Black Shirt. For that a firm trader must earn north of 2m in net profits. The firm challenged the trader above, a Black Shirt recipient for 2017, approximately 4 … Read More
SMB at TradersExpo NYC- Feb 25-27
I will be presenting at the TradersExpo in NYC, which you can attend from Feb 25-27. I will be presenting on a panel spearheaded by my friend John Netto- Profiting in the New Market Ecosystem. I will also be presenting: Two Trades Working Best in Current Market Conditions. We offer a unique perspective to those who attend. We are a … Read More
What worked well on our trading desk in 2017
2017 was a very strong year for our trading desk in NYC. After such a strong year it is important to study what went well so we can do more of it in 2018. So what worked well for our trading desk in 2017? Team Trading Senior traders who embraced building Teams made more. Junior traders who were willing to … Read More