7. Prep
There is “easy money” and there is “hard money” in trading. Your longevity is determined by which one you choose to pursue. Some folks don’t make this easy for themselves.
—Steve Spencer, Co-Founder, SMB Capital
Simply put, Prep is the most frustrating trader I have ever mentored!
He is #1 in SMB history for most trading flaws.
He makes the same mistakes over and over again.
He can make money; he just cannot keep it.
He loves trading but this has not translated into enough improvement.
We have poured significant resources into his trading with a decidedly negative return.
Prep has one of those backgrounds a big bank would drool over. He went to Choate, a prestigious private, college-prep boarding school in Wallingford, Connecticut, that ...
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