One thought to avoid as a trader

July 7th, 2017 I stumbled upon an important article for traders from this tweet from my friend Sean McLaughlin: I found this passage from the article particularly important to us as traders: The vast majority of arguments on social media could be avoided if both sides simply declared at the outset what their timeframe is. You mean we could have diametrically opposed views and yet both make money? Yes, that’s right. As a day trader I might buy an intraday breakout from a short term short trader covering a failed double top short intraday trade (that works for this trader over time but not this time) and sell my position into a sharp Read more [...]

Live Trader Mentoring Session with Bella

July 7th, 2017 Attend a live web meeting where Mike Bellafiore will help an improving trader from our community decide where to focus to get to the next level in his trading. Read more [...]

Is Forex a good product to develop a track record to be funded by a prop firm?

July 6th, 2017 Hi Mike, I am from Singapore, and I recently just finished reading "The Playbook". I read "One Good Trade" a few years back and got me propelled into the right mindset a trader should have. I like how the book has included the part of how a professional trader thinks, I used to think that a trading plan only includes where to buy or where to sell, where to stop and what are the targets. After reading your book, I realize there is more that I should do. I have been trading Forex through Oanda, I keep a trading journal, screen shot my before and after trades, and also look back from time to time to see if I am following my Read more [...]

Trader review with Dr. S

July 6th, 2017 In this video, Dr. Brett Steenbarger conducts a live trader review with a futures trader from our community. Get an inside look at a real coaching/mentoring session at SMB Futures. See what a great weekly review process includes. Understand the importance of process goals for focused improvement Read more [...]

SMB Futures Private Session

June 29th, 2017 I recently had a wonderful session with a group of developing futures traders and Dr. Brett Steenbarger. (His blog is a must-bookmark at if you've been living in a cave and haven't bookmarked it already!) We like to combine aspects of coaching and mentoring together whenever possible. After some opening comments regarding the current low volatility environment and the challenges and tweaks that come with it, we opened the floor for individualized attention with the mentees. Here are a few of the takeaways, as paraphrased by me:   Q: I'm running into a barrier where I have a great morning Read more [...]

What drives winning

June 29th, 2017   This Tuesday I attended the conference What Drives Winning in Boston.  The presenters were established college and pro coaches like Gino Auriemma, Brad Stevens, Tim Corbin, Patty Grasso, Mike Gundy, Sherri Coale, with Brett Ledbetter as the organizer and moderator.  I took extensive notes and found some important principles shared that can help us as traders. Here are some ideas from the conference to help you improve as a trader: Discipline and Organization    Patty Grasso, University of Oklahoma Softball, has found her best players want discipline and organization.  It brings them comfort.  If I read one Read more [...]

Myth #1 of Options Trading

June 29th, 2017 Market neutral options traders fall into the trap of believing many myths about successful trading. Today’s video is the first in a series of videos on the myths of options trading. A major mistake that options traders make is to fail to recognize the huge psychological difference between trading small amounts of capital and large amounts of capital. Read more [...]

Should I trade GLD Options?

June 22nd, 2017 In this video, Seth Freudberg reviews the qualities that must be present for trading vehicles to be traded in a scaleable way. It is a good idea for traders to diversify their trading portfolio so as not to be too heavily dependent on one trading vehicle. However, it can be dangerous to trade market neutral options strategies without making sure that the trading vehicle has certain qualities that make it tradeable. Read more [...]