Posts Tagged ‘ improvement ’

A Trader’s Contract

Feb 3rd, 2014 | By | Category: General Comments, Mike Bellafiore's (Bella's) Blogs
Jimmer Fredette was a star college basketball player, a Naismith College Player of the Year. A couple of years ago I wrote a blog post about a contract he signed with his brother to play in the NBA. I__________________ will make all necessary and proper sacrifices to reach my ultimate goal of making it to the NBA. ________________ ______________________ Name (Signature) Witness (Signature) This contract was taped above his bed and he looked at it every night before he went to bed. While in bed he fell asleep visualizing himself in the NBA. I suggested in this prior post: Consider copying/stealing some of Jimmer's Read more [...]

What a Star Fund Manager Can Teach Us About Improvement

Dec 9th, 2012 | By | Category: Bruce Bower, General Comments, Guest Blog, Trader Development, Trading Lesson
Imagine that a star fund manager, with nearly a decade of stunning results, decides to completely retool the way that he does things. Would you think that he’s crazy? Would you call him a has-been? Or would you draw a different, more instructive lesson—that this is the reason why he’s stayed a top fund manager? The FT recently ran a story about Pierre Lagrange, a well-known and extremely successful hedge fund manager in London. Famously the “L” of the prestigious fund GLG, he runs a $2 billion long/short equities fund. He admits to being stung by the 2008 crisis, in which his fund fell nearly 20%. For a long/short Read more [...]

Trying Too Hard

May 19th, 2009 | By | Category: General Comments
Today was one of my better days in the last week. This was not a coincidence as the stock I was trading was very in play and I was respecting the levels. My recent trading struggles have been all self-inflicted. Let's discuss. It all started with COF. COF issued their secondary offering and underwriters were trying to support the stock at that price(27.75). With COF, I was simply trying too hard. When I try too hard I take bigger size and I do not trade into my position. When this happens I am taking on more risk than I should and am not able to handle the small ticks against my price. After getting ripped up in COF, I Read more [...]