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.
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 … Read More
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 … Read More
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, … Read More
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 … Read More
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 … Read More
Making Your Visualzations Better
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 … Read More