How You Can Be Better Tomorrow Than You Are Today I am often asked: What is the most important attribute to become a successful trader. My answer may surprise you. It has nothing to do with “conviction” market predictions. In fact, for those that have read my latest book The PlayBook, I scorch the myth propagated by the Financial Media … Read More
How to End Stock Picking Frustration
Even the best traders have their bad days (or weeks or months). Sometimes the frustration can be maddening. It’s not a question of talent – as previous trading success bears this out. It’s just that sometimes, things just stop working and you need some fresh ideas – and when you go to the well, it comes up dry. Successful traders … Read More
Three Reasons You Don’t Trade with LeBron’s Confidence
Talent is a myth. Elite performance is earned. This means it’s within your grasp. There are principles of elite performance that produce results. Right now, your trading produces results. Good or bad you are getting results. But you know you can do better. Professionals understand how to consistently perform at a high level. That understanding is what you crave. How … Read More
The Wandering Trader: Answers Lie Within
I’ve been wanderin’ early late From New York City to the Golden Gate And it don’t look like I’ll ever stop my wanderin’ –James Taylor As traders we want to spot best practices and co-opt them for our trading. I offer one for your trading in this post from a trader on our desk. Let me set the scene. I … Read More
Solving Your Top Five Trading Frustrations (PowerPoint Edition)
SMBU offered solutions in this webinar below (PowerPoint edition) for the Top Five Trading Frustrations of the SMBU Trading Community. The Top Five trading frustrations are: #5 Selling Too Early #4 Being Stopped Out and Then Being Right #3 Lack of Consistency #2 Lack of Confidence #1 How to Adapt to Changing Market Conditions You can be better tomorrow than … Read More
Rebuilding Confidence
One of our young traders did a nice job today of rebuilding his confidence. He started off the month of August on fire seemingly unable to have a negative day. His confidence grew and he began to take on more risk. I noticed that when he had his first negative day of the month that he overtraded a bit in … Read More