We noticed one developing trader show a real ability to make money but also a lack of consistency and volatility in his trading. This was holding him back as a trader. We challenged him to focus on being more consistent, a Super Consistent Trader. How to Become a Consistently Profitable Trader (like you deserve to be) I wrote the promising … Read More
Win Percent is Overrated!
Let’s look at one of my recent trading sessions. It was a low win percent session, but the benefits of reading the tape kept me in the drivers seat the entire session.
What Is the Right Risk/Reward For My Trades?
What is a good ratio to start out with, 2:1, 3:1? @mikebellafiore I was asked this question during a recent Webinar, “Trading Fundamentals: Things Great Traders Do and Never Do”. We teach our new traders to look for a risk/reward of 1×5. That means a downside of 1 for an upside of 5. More specifically you might risk 10 cents … Read More
Go Home Flat
We teach our day traders at SMB Capital to flatten out before the Close. We do so because they are learning how to trade and are not ready to take positions for extended periods of time. At the start of your career you should learn how to trade. Not load up on a position and hope for the best. Well … Read More