{"id":45217,"date":"2017-04-21T11:40:50","date_gmt":"2017-04-21T15:40:50","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=45217"},"modified":"2017-04-21T11:40:50","modified_gmt":"2017-04-21T15:40:50","slug":"5-ways-our-top-traders-are-working-to-improve","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/5-ways-our-top-traders-are-working-to-improve","title":{"rendered":"5 ways our top traders are working to improve"},"content":{"rendered":"

\"\"<\/p>\n

 <\/p>\n

I was on the West Coast last month to present to the Scottsdale (Phoenix) Traders and Investors Meetup Group.\u00a0 After my presentation, an astute and succeeding retail trader approached and asked,<\/p>\n

“What do your top traders do to improve?”<\/p><\/blockquote>\n

At SMB, our top traders have been homegrown. \u00a0We hired them. \u00a0Trained them from scratch. \u00a0Provided capital, technology, coaching and mentoring to grow. \u00a0The best have become seven-figure traders. \u00a0Many more have become high performing traders.\u00a0 Still even more have become consistently profitable traders.<\/p>\n

What are our top traders doing to improve?<\/p>\n

Let me be clear they ALL are working to improve. \u00a0And they are doing so in different and diverse ways.<\/p>\n

Here are five ways our top traders are working to improve:<\/p>\n

1. Technology<\/strong><\/p>\n

SMB, powered by Kershner Trading Group, offers proprietary technology for traders to build custom filters. \u00a0Our top traders are building custom filters of their favorite setups to play more offense. \u00a0Some top traders ask Junior Traders to build these filters for them. \u00a0Also, one top trader has recently teamed with Junior Traders to co-produce automated trading models. \u00a0The strategy comes from the Senior Trader with the coding, back-testing, forward testing and management of the model coming from the Junior Trader.<\/p>\n

2. Expressing their edge in different ways<\/strong><\/p>\n

Suppose a trader has edge in market plays. \u00a0They spot edge the market will trade lower intraday and they express that trade shorting SPY. \u00a0They measure their results and find edge in market plays.\u00a0 Well…..there may be a more efficient way for them to express that edge trade bigger and better. \u00a0For example, perhaps options offers that opportunity. \u00a0Their edge originates from equities, but their improvement may become amplified from another product.<\/p>\n

3. Diversifying<\/strong><\/p>\n

Suppose you have an edge in a specific setup in a small universe of stocks. \u00a0You may not be able to express that setup with edge in most large cap stocks. \u00a0But through study you may be able to express that setup, with specific opportunities<\/em> in large cap stocks. \u00a0Instead of trading this opportunity in all large cap stocks, trader may become more selective. And thus find a new edge and expand his universe of stocks to trade.<\/p>\n

4. Work with a mentor AND coach<\/strong><\/p>\n

Our best traders work with trading coach, Dr. Brett Steenbarger<\/a>, and me on achieving their trading goals.\u00a0 Some send us a review of their trading session at the end of each day for feedback.\u00a0 I stand as the mentor and Dr. Steenbarger as the coach.\u00a0 I focus on helping with their active trading strategies as the mentor.\u00a0 Dr. Steenbarger focuses on traders performing at their peak.\u00a0 Some meet regularly with Dr. Steenbarger and brainstorm ways to improve.\u00a0 The key takeaway here is that they are receiving mentoring AND coaching.<\/p>\n

5. Team Trading<\/strong><\/p>\n

Our top traders often head their own trading Team.\u00a0 We believe that teaching helps traders improve their own trading.\u00a0 Junior Traders can help our top traders with idea generation, building technology, and developing new strategies.\u00a0 You can do more together than solo.<\/p>\n

Related posts<\/strong><\/p>\n

#1 issue top traders want to improve on our prop desk<\/a><\/p>\n

The trading setups that turned one trader into a 7-figure trader<\/a><\/p>\n

8 lessons from the prop desk<\/a><\/p>\n

*no relevant positions<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

  I was on the West Coast last month to present to the Scottsdale (Phoenix) Traders and Investors Meetup Group.\u00a0 After my presentation, an astute and succeeding retail trader approached and asked, “What do your top traders do to improve?” At SMB, our top traders have been homegrown. \u00a0We hired them. \u00a0Trained them from scratch. \u00a0Provided capital, technology, coaching and … Read More<\/a><\/p>\n","protected":false},"author":144,"featured_media":45194,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[18,1193,653,5235,1996,1354,5387,1349],"class_list":["post-45217","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-comments-2","tag-smb-capital","tag-trader-education","tag-trader-training","tag-trader-training-program","tag-trading-class","tag-trading-coach","tag-trading-instruction","tag-trading-mentor"],"yoast_head":"\n5 ways our top traders are working to improve | SMB Training<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smbtraining.com\/blog\/5-ways-our-top-traders-are-working-to-improve\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"5 ways our top traders are working to improve | SMB Training\" \/>\n<meta property=\"og:description\" content=\"  I was on the West Coast last month to present to the Scottsdale (Phoenix) Traders and Investors Meetup Group.\u00a0 After my presentation, an astute and succeeding retail trader approached and asked, “What do your top traders do to improve?” At SMB, our top traders have been homegrown. \u00a0We hired them. \u00a0Trained them from scratch. \u00a0Provided capital, technology, coaching and ... 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