{"id":47557,"date":"2018-09-22T07:49:55","date_gmt":"2018-09-22T11:49:55","guid":{"rendered":"https:\/\/www.smbtraining.com\/blog\/?p=47557"},"modified":"2018-09-22T07:49:55","modified_gmt":"2018-09-22T11:49:55","slug":"weekend-learnings-lessons-for-traders-from-smb-after-one-our-best-trading-weeks","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/weekend-learnings-lessons-for-traders-from-smb-after-one-our-best-trading-weeks","title":{"rendered":"Weekend learnings lessons for traders from SMB (after one our best trading weeks)"},"content":{"rendered":"

\"\"<\/p>\n

This was one of the best trading weeks we have had as a firm. \u00a0The pot names offered outsized opportunity. \u00a0We have been fighting the overextension in TLRY for several trading sessions, with hedges and with responsible max losses, and traders on the desk were finally paid.<\/p>\n

I loved seeing the growth in trade structure by traders on the desk. \u00a0Some were essentially wrong about TLRY for days but did not draw down excessively and then crushed the turn. \u00a0Trades structured with options offered this. \u00a0Last year at this time, some traders on the desk would not have been able to express their trades with such sophistication.<\/p>\n

We had one trader have him first one million dollar trade.<\/p>\n

We had another trader put up his first one million dollar week.<\/p>\n

We saw junior traders put up personal bests in PnL.<\/p>\n

What I love most about this trading opportunity in the pot names is that traders have been improving their game, and with an outsided opportunity similar to GBTC last year, made much more PnL. \u00a0Our desk outperformed in 2017, but this year they are exceeding their best months- even from 2017.<\/p>\n

Simply, it is fun to watch. \u00a0It is fun to be a member of this desk.<\/p>\n

Admittedly, I am sheepish to share PnL successes like this so as not to send the wrong message to the trading community. \u00a0My hope is this trading success inspires you to see how much you can improve as a trader. \u00a0And on that note, here are some links that can help you take another step closer to your ultimate goals as a trader.<\/p>\n

How to turn one good trading idea in (Sonos) SONO into a professional trade<\/a><\/p>\n

Why winning traders win<\/a><\/p>\n

How to make money in a proven trade strategy in hot IPOs<\/a><\/p>\n

Top senior trader on what it takes to become a successful trader<\/a><\/p>\n

*no relevant positions<\/p>\n

 <\/p>\n

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

This was one of the best trading weeks we have had as a firm. \u00a0The pot names offered outsized opportunity. \u00a0We have been fighting the overextension in TLRY for several trading sessions, with hedges and with responsible max losses, and traders on the desk were finally paid. I loved seeing the growth in trade structure by traders on the desk. … Read More<\/a><\/p>\n","protected":false},"author":144,"featured_media":47316,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[30,1193,653,1354,1349],"class_list":["post-47557","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-comments-2","tag-prop-trading","tag-trader-education","tag-trader-training","tag-trading-coach","tag-trading-mentor"],"yoast_head":"\nWeekend learnings lessons for traders from SMB (after one our best trading weeks) | 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\/weekend-learnings-lessons-for-traders-from-smb-after-one-our-best-trading-weeks\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Weekend learnings lessons for traders from SMB (after one our best trading weeks) | SMB Training\" \/>\n<meta property=\"og:description\" content=\"This was one of the best trading weeks we have had as a firm. \u00a0The pot names offered outsized opportunity. \u00a0We have been fighting the overextension in TLRY for several trading sessions, with hedges and with responsible max losses, and traders on the desk were finally paid. 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