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

Trader mentoring that helps you trade professionally (or lose miserably)

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

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

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

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    

A crucial observation on why ALL the traders on a trading team are improving

We are in our training at our prop trading firm in NYC.  It is time for our monthly trading reviews. These are done by teams.  There is a Senior Trader who leads the reviews, as well as the Junior Traders on his team, and our Floor Manager, Dr. Steenbarger, and myself providing feedback.  Each trader, including and especially the Senior … Read More