Trading Psychology

[Recording] 5 Ideas to Improve Your Trading This Summer

Jun 19th, 2017 | By | Category: Mike Bellafiore's (Bella's) Blogs, Trading Psychology
Mike Bellafiore, author of The Playbook and One Good Trade, discussed why traders at the firm are so focused on building trading models right now and how to be more selective with your ideas. Read more [...]

A Trader’s Definition of Hell

Jan 11th, 2017 | By | Category: Futures, General Comments, SMB Fundamentals, Trader Development, Trading Lesson, Trading Psychology
What would a trader's definition of hell be? I say it's the following: On your last day on earth, the trader you became will meet the trader you could have become. Scary to think about isn't it? I have two ways of avoiding "trader hell" that I'll share with you. Focus on process. I can guarantee you that if you spend your days toiling in the need to be right, make money, "win", or get revenge - you will end up in trader hell. What separates many elite performers, in nearly all elite-performance fields, is a strong commitment to process. It's not about the scoreboard, it's not about what happened on your last trade, it's Read more [...]

Close The Gap!

Sep 20th, 2016 | By | Category: Futures, General Comments, market structure, Trading Conversations, Trading Lesson, Trading Psychology
              I work with a lot of traders trying to "make the turn" - that is the turn to consistently profitable. Among the plethora of issues preventing the average trader from being consistent, one has come up rather often recently. The gap. The gap between what you see as great opportunity at the end of the day, in hindsight; and what you were able to see at the hard right edge, in real time. The more we can close that gap, the better traders we will be. I'd like to highlight a few key solutions you can apply immediately to help you get there. (Spoiler alert: Read more [...]

Underperformance and Your Beliefs

Jun 20th, 2016 | By | Category: General Comments, market structure, Trading Conversations, Trading Psychology
We covered several interesting topics during our weekly Trading Conversations webinar last Friday. As usual, we covered a wide range of things such as using context, randomness, risk/reward, knowing your market with statistics, and more! Not a bad way to wrap up your trading week with some open trading conversation. One topic we covered in particular stood out to me, and I wanted to share it with you here today. The thought is that not all trading sessions provide equal opportunity. That may sound obvious to you at first, but do you really live by that belief? Do you know what types of environments you outperform in? Do you Read more [...]

New Visualization Exercises To Boost Your Investing and Trading

Nov 1st, 2015 | By | Category: Bruce Bower, General Comments, Trader Development, Trading Psychology
  Visualization and mental practice are tools that can take you to the next level of performance in your trading and investing. These tools can have a transformational impact on your mental game, helping you to execute better in every facet of your investing and trading. In fact, they are so important that I have compiled a resource page on the SMB website and even written about them extensively in my book, Peak Performance Trading and Investing. I use these tools frequently and am the biggest proponent of them. Now, I wanted to share with you some new visualization tools that I have been developing and refining. These Read more [...]

Inside The Trading Vault – a look at GPRO and KO

Sep 14th, 2015 | By | Category: General Comments, Technical Plays, Trader Development, Trading Ideas, Trading Lesson, Trading Psychology
Trading Vault Concept - "When evaluating a chart, continually ask yourself why buyers or sellers behave in a specific way - and what it means to them when support and resistance levels are made and broken" Many of us are up and coming traders who have consistent issues with the 'WHY' to enter a trade.  Meaning, we don't have a hard lock on when to get into a trade- probably because we have some kind of deep seated feeling like it is a gambling event.  So we tend to roll dice. Those managing large amounts of money or very large portfolios do not move without proper reasoning- and lots of it.  Not saying that the reasoning Read more [...]

Making Your Visualizations Better

Aug 23rd, 2015 | By | Category: Bruce Bower, Trader Development, Trading Lesson, Trading Psychology
Making Your Visualzations Better Read more [...]

The Fourth Week of More Mindful Trading

Jul 5th, 2015 | By | Category: Bruce Bower, General Comments, Trading Lesson, Trading Psychology
  In this post, I will continue my eight week experiment with cultivating mindfulness and trading. The earlier posts in the series can be found here:   Eight Weeks to More Mindful Trading The Second Week of More Mindful Trading The Third Week of More Mindful Trading   To bring new readers up to speed, here is a brief refresher on mindfulness. The topic is all the rage right now because people want to take back control of their attention span and to beat back the numerous distractions that afflict us in everyday life. Mindfulness is about learning to control your attention and your focus, so that Read more [...]