Slow Down! The Challenge of Newness to Trading

Traders want to become Steve Cohen TODAY! 

This can lead to starting too fast for all levels of traders at all different stages of their careers.

My advise based on experience working with pro traders in NYC?  Slow down!

At our firm we hire experienced discretionary and quant traders with a track record.  We fully back the traders taking all of the downside risk.  Before a trader starts we give him/her loss limits for the day and a “number”.

The “number” is when we will fire them.  Everyone understands upfront what we are willing to risk on their trading.  We hired an experienced trader a few months ago with an Read more […]
SMB Capital – Trading Education

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