I am cranky today as I share in our free daily video. I share a best practice with trade psychology that you can incorporate into your trading in our latest video. Learn to record your mood before each open and find patterns with your trade results that can improve your PnL. I hope that my foul mood today can help … Read More
The PlayBook Released in China (and a lesson for traders)
The PlayBook was just released in China! I want to thank my good friend Naida Liu for the translation and finding a Chinese publisher. Naida also translated One Good Trade into Mandarin and hopefully it will be released as well. For those who do not know, the Chinese markets are considering new trading rules to allow for short-term trading. They … Read More
The Importance of Staying On Point All Day
Trading is a grueling and intense profession. There are stocks, futures, and scanners whirling in front of your face all day. Many traders develop very strong routines to make sure they stay focused and are able to execute their trading plans. In our previous post we discussed the importance of a pre-market routine and how it helped us capitalize on … Read More
SMBU’s Options Tribe Webinar: SMB’s Options Desk Traders: Trading on a proprietary options trading desk
Today, traders who were successfully trained by SMBU’s Options Mentoring program, and who were, as a result, invited to trade on SMB’s Options Trading desk, will discuss and answer questions about what it’s like to trade on a professional proprietary options trading desk. Submit your questions for what should prove to be an interesting and lively session!
7 Steps to Building Trading Edge
Hey Mike Bellafiore, I’ve been following you for over a year now and have both your books. You post great threads too. I believe the greatest challenge is creating that edge. Its rare to come across a mentor in this industry, especially if you don’t have your foot in a prop firm. Do you have any recommendations about the best … Read More
8 Ways to Blow Up your Trading Account
Hey Bella, I was just getting some hummus and crackers when a quote from Charlie Munger popped into my head and I immediately rushed to my email so that I wouldn’t forget about it later. Basically it goes “Tell me where I’m going to die, that is, so I don’t go there.” So I knew of no better person to … Read More
The Benefits of Pre-Market Preparation
Profitable trading is a process. That process starts before the market opens. Great traders expect to make money because they stack high-probability ideas into their game plan. Trade management and adjustments are important too, but the stronger the underlying idea, the easier – and more consistently profitable – the trade will be. This post will walk you through the morning … Read More
How a Real Trader Uses SMB TOOLS
As a subscriber to SMB real time, I found the tools in this package to be an important part of my trading preparation and day. Selecting stocks very in play use to take so much effort, the scanner has cut that time by 75% and eliminates researching the essentials such as volume, ATR, % float short…all that is on the … Read More