Archive for October 2014

Ideas from the Prop Desk to Improve Your Trading – Equanimity (video)

Oct 31st, 2014 | By | Category: Free Daily Trading Video, Mike Bellafiore's (Bella's) Blogs
Last week I presented at #Stocktoberfest the @Stocktwits event masterminded by @howardlindzon.  My presentation was titled: 8 Ideas from the Prop Desk to Improve Your Trading.  Below is Part I of an 8-part video series reconstructing that presentation for the trading/investing community. The highlights of this video are: 1) An anecdote about Shark, a professional trader with a quality to emulate 2) Do not root for your trading/investing positions 3) Trade in a state of equanimity 4) You will not learn your true trading potential if you are "coloring" market data by rooting for positions *no relevant positions Read more [...]


8 Ideas from the Prop Desk to Improve Your Trading (#Stocktoberfest)

Oct 30th, 2014 | By | Category: Mike Bellafiore's (Bella's) Blogs
This week I presented at #Stocktoberfest the @Stocktwits event masterminded by @howardlindzon.  My presentation was titled: 8 Ideas from the Prop Desk to Improve Your Trading.  Below are the slides and main ideas from my discussion. Equanimity Just intake the data the market is offering and then make the right decision- like Shark.  Don't root.  If you do, then your trade results will not reflect how good you can be as a trader. The Non-Scalable Trader You must be right about direction, time and while controlling your risk/reward. A Trader’s Treasure Hunt for Edge There is a lot of good to be found Read more [...]


SMBU’s Options Tribe Webinar: Dave Stewart: The Caspian Sea Monster Options Strategy

Oct 29th, 2014 | By | Category: General Comments
Today, Dave Stewart presents, for the first time, his signature “Caspian Sea Monster Trade”. It should be a fascinating meeting and you won’t want to miss it! SMBU’s Options Tribe is an online community of options traders dedicated to sharing successful options trading ideas with all of our members worldwide. Each Tuesday, SMBU hosts an options webinar — the Options Tribe — during which veteran options traders and experts in the world of options trading share live presentations. Options Tribe meetings are generally free to the public and are held every Tuesday at 5:00PM ET. If you wish to register to this meeting, Read more [...]


Options Trading for Income with John Locke for October 27, 2014

Oct 27th, 2014 | By | Category: John Locke, M21 Trading System, Options Education, SMB Options, Trade of the Week, Trader Development, Traders Ask, Trading Ideas, Trading Lesson, Trading Psychology, Trading Theory

 

No relevant positions

Risk disclaimer



What Does this Trader Do Now?

Oct 27th, 2014 | By | Category: General Comments
Hello Bella, I read both those books and started a few more. The myelin concept got me thinking that I should be reading more every day so I don't fall into the habit of being lazy with reading in general. Then on the flip side part of me thinks I should limit the reading and focus more on reviewing trading footage and charts. What time allocation do you recommend for a rookie trader like myself hours per day wise amongst: 1)reading investing and accounting books 2)reading trading books 3)reviewing charts and trading footage 4)reviewing trading journal and trading notes 5)working on financial modeling and valuation Read more [...]


SMB Trading Lessons of the Week

Oct 26th, 2014 | By | Category: General Comments
Bella discusses how intraday traders must not just be right with direction, but also with time. Steve shares some thoughts on trading adjustments he makes in a market with expanding volatility. Latest Blog Posts Mike Bellafiore Interviewed on Blog Talk Radio Mike Bellafiore was interviewed on Blog Talk Radio last night. Bella discussed how to transition into trading without quitting your job, how SMB is preparing for the Ebola trade, and how traders must pick direction AND at the right time AND while controlling risk/reward...Read More SMBU Earnings Season: In-House! (Nov 5-7) Every three months there is an amazing Read more [...]


How to Become a Successful Trader

Oct 26th, 2014 | By | Category: John Locke, M21 Trading System, Options Education, SMB Options, Trader Development, Traders Ask, Trading Ideas, Trading Lesson, Trading Psychology, Trading Theory
It’s funny when you start talking to people about their beliefs around trading. On one extreme you’ve got those who think they’re going to buy some trading system or advisory service and instantly get rich trading with virtually no experience. And on the other extreme you’ve got those who think that 95% of traders lose money and of those that actually make money, it took years of torture to make 12% a year or something. Now I understand why the first group would want to try trading. After all, I was one of those people when I started. Who doesn’t want an easy way to get rich? But I still haven’t figured out why anyone Read more [...]


Choking and Trading

Oct 25th, 2014 | By | Category: Bruce Bower, General Comments, Trader Development, Trading Lesson
The most painful sports phenomenon to watch is choking. I can get almost nauseous when I see a skilled, highly practiced athlete fall apart in the last minute. Imagine- he’s been ahead the whole way and yet manages to snatch defeat from the jaws of victory. We know that the stress in these situations is huge but no one wants to choke under pressure. A couple of days ago, I was fortunate to attend a lecture by Sian Beilock, a professor of psychology at the University of Chicago and the author of Choke. The book is about how our brain reacts to stressful situations and how we can mitigate the pressure that comes with it.  Her Read more [...]