{"id":44925,"date":"2017-01-31T12:57:33","date_gmt":"2017-01-31T17:57:33","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=44925"},"modified":"2023-04-13T16:49:19","modified_gmt":"2023-04-13T20:49:19","slug":"5-lessons-from-the-prop-desk","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/5-lessons-from-the-prop-desk","title":{"rendered":"5 Lessons from the Prop Desk"},"content":{"rendered":"

<\/p>\n

I was grateful to be asked by my friend, JC Parets (@allstarcharts), to present at Chart Summitt 2017<\/a>.
\nMy mandate? Share 5 lessons from the prop desk.<\/p>\n

As always, I love to include anecdotes from traders succeeding on our desk to teach. And I did so again here in this online presentation.<\/p>\n

My 5 lessons from the prop desk were:<\/p>\n

1) My favorite setup to trade is a Changing Fundamentals Trade<\/a>.
\n2) My favorite new setup to teach is a wedge pattern<\/a> with a Stock In Play.
\n3) Scalpers, who Read the Tape at an advanced level, can make real money. SWang’s path to High Performing Trader is an example from our desk of how. But perhaps the root lesson here is: Trade your niche. SWang is an ultra-fast decision-maker and trades a nice that maximizes his unique talents.
\n4) The Nadal Trade, a multiple time frame technical support play. The trader for who this trade is named, is a graduate of our College Training Program and interesting success story to study.
\n5) Develop a growth mindset like Shark. There might just be a green shirt, given to 7-figure earners, in there for you if do.<\/p>\n

Below is the PP of my presentation.<\/p>\n