At SMB, our prop firm, we think a great deal about the best way to train new traders. Our core business is training new traders into consistently profitable and then elite traders. Since 2005, this has been our focus for our work. New traders go through an extensive training program before they ever trade firm capital. We would never allow … Read More
6 critical trading lessons from crazy $CAR
These are crazy times to trade and $CAR was crazy for even this market. This is what traders on our desk are saying about this market and this most recent $CAR trading opportunity. One elite trader at our firm in an AAR (After Action Report) to other select elite traders described these trading times this way: What a crazy time … Read More
A Month of Trading Poorly is Too Long
A month of trading poorly is too long. During our recent monthly trader reviews, we made this point to three separate traders, on 3 different teams, with 3 different levels of experience, 3 different trading styles, and after 3 different month’s of production. You do not want to be at your trading station reviewing your month and grade yourself poorly … Read More
You Are Trading Better Than You Think
I was reviewing the PlayBook trade of a junior trader, when an important trading principle needed to be shared. Better said, this might also be an important life principle. The trader was reviewing a Multi-Day Swing Trade in GameStop and reviewing his performance. From my seat, the trader had done so many things right. He chose the right stock. He … Read More
Transforming Traders: Mentorship for Professional Trading (or Avoiding Missteps)
Let me offer a sneak peak into a conversation we had on our trading desk yesterday about mentoring a developing trader the right way. We did this virtually as almost our entire desk is remote due to Covid. Getting this mentoring right can make all the difference in the career of a trader. A senior trader pinged me for advice … Read More
Improve your trading this weekend with these educational videos – recap of the week of October 24, 2020
How to Spot the Stocks You Should Stop Trading Here’s Why You Don’t Give Up On Your Best Options Strategies My First Year Day Trading at a Prop Firm (4 Ways I Found Success) The Secret to Finding the Most Lucrative Trades (Surprisingly) Real Trades Using Tape Reading with Three Proprietary Traders Important disclosures
Improve your trading this weekend with these educational videos – recap of the week of April 18, 2020
How to prepare mentally to make a huge profit in a trade How traders are succeeding in the new market environment (Dr. Brett and Bella) An easier (and safer) way to double returns using options Senior trader presents 10 adjustments to spark his most profitable trading month How to identify a short term market top *no relevant positions Important disclosures … Read More
Sunday trading ideas to help you improve performance: Play the long game
Trading thought Trading inspiration Two things traders should be doing today Trader education A top trade for day traders to learn (especially when you begin) *no relevant positions Important disclosures