Hey Bella, I’m a relatively new trader as I’ve been trading for a little over a year now. The best plays that have the highest win-ratio for me are scalp plays. My question is, how do you know when you have enough conviction to act to execute, or consider executing, a trade on a specific stock? I understand every trader … Read More
How is this trader doing?
I received this email from an email trading buddy and wanted to know how you thought he was doing. I hope you are doing great. I just wanted to remind you who I was so I attached the below email. I was wondering if I could run a question past you. It’s tough here at the home office to get … Read More
To improve your trading results first do this
Bella: Put up 15k in Jan and there will be a special surprise for you 🙂 Trainee: I am trying to do that half way through the month…I’ve hit that before in 6 days and that is months ago. I didn’t get a chance to do the review today will get to it Tomorrow. Have a doctors appt and got … Read More
Free Webinar – System Trading Tools
Rick Martin, lead developer of SMB Systems Trading LLC, Â will be discussing system trading tools to use in your trading – what they are, how to know if they will work and if you have what it takes to add a computer to your trading and tune them to fit your trading style. Questions from attendees will be answered at … Read More
How To Lose All Your Money
We have one more major thing to look at as we build out our casino—volatility. We know the house edge for every game, but we also need to know some basic statistics before we open the doors of our casino. Let’s just focus on standard deviations for this discussion and how they affect our returns, and the bettor’s returns. Game … Read More
SMB’s Options Tribe: Tuesday, December 27, 2011 at 5pm EST: Managing Options Positions by the Greeks Part 2
Tuesday December 20, 2011 at 5:00 pm Eastern Standard Time SMB’s Options Tribe is an online community of options traders dedicated to sharing successful options trading ideas with all of our members worldwide. Each week the community will meet online for the primary purpose of watching live presentations made by outstanding veteran options traders and experts in the world of … Read More
A good trading day can be right around the corner
Your trading can get better. I sacked a trainee to the demo yesterday for sloppy and irresponsible trading. This new trader spent the day thinking about his strengths and mentally rehearsing the best set ups for his trading. This was a time out day. I have done this to this trainee before after a period of underperformance, which then preceded … Read More
Trader Denial or a Good Time to Take a Break
I asked Dr. Andrew Menaker, trading psychologist, the following question: You have a trader, a very good trader, who struggles to start December. He writes you an email saying this market is garbage and his taking an extended leave. What is your response to such a trader? Dr. Menaker responded: While it’s true that market conditions do change, it’s also … Read More