November 2020 was the second best month in our firm’s trading history (founded in 2005). During a firm call with our partners, we were all searching for the right word(s) to describe our performance in November. Finally, I chimed in with “amazing”. Another partner quickly agreed and said “yes it was…. AMAZING!” As like for traders, it is important for … 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
Fastest Path to Elite Trader: Patience & Progress
You are trading and you are not yet an elite trader. You want to be. You think you can be. It would literally change your life if you could be. Let me share a secret that is vital to the work that we do. As someone who runs a proprietary trading business in NYC, we are in the business of … Read More
Judge your trading performance versus the opportunity
During a GChat, with an elite trader on our desk, an important lesson emerged. Sitting at my remote trading station, I was pinged with a chat: I can see how everyone is doing on our desk, with a leaderboard we use to watch risk and performance. The leaderboard displays the real-time PnL of all the desk’s traders. I hadn’t noticed … Read More
Improve YOUR trading this weekend with these proven educational videos – recap of the week of October 10, 2020
Spotting when other traders are screwed Options Strategies: Use the Right Tool for the Job How to Effectively Trade the Highest Volatility Stocks The Smartest Dumb Trade You’ll Ever Make (technical analysis) Everything you NEED to Know Before Placing a Trade (assuming you don’t want to fail as a trader) Trading psychology: You have to perform Important disclosures
You have to perform (honest talk to traders)
I wrote the tweet above recently. Let me say this again, as someone who has hired and trained traders since 2005 at SMB Capital, our proprietary trading desk in NYC: Trading is a performance sport. At a certain point, you have to perform. (What No One Tells You About How To Become An Elite Trader (surprisingly) Not too long ago, … Read More
Improve your trading this weekend with these educational videos – Recap of the week of September 5, 2020
Tips for Successful Trading (Trading Psychology Every Trader Needs) You Can Substantially Increase Your Win Rate With This Simple Options Strategy Teaching a prop trader secrets on technical analysis (that you will not find anywhere else) How to use Tape Reading to enter a profitable swing trade 3 prop traders present their most profitable Breakout Trade *no relevant positions Important … Read More
Improve your trading this weekend with these education videos – recap of the week of August 15, 2020
How to improve your trading entries A Senior Trader reveals two quick and profitable scalp trades in hot stocks (Tape Reading) How to use options to chase the market until it finally gives up The journey from new trader to senior prop trader (from South Africa to New York City) 5 trading lessons from Facebook *no relevant positions Important disclosures