Posts Tagged ‘ trading coach ’

Characteristics of Champions (Traders)

Aug 25th, 2016 | By | Category: General Comments
In the video below, Michael Phelps' coach, Bob Bowman, presents the Characteristics of Champions. As traders we can learn from this talk to help achieve our goals. Coach Bowman breaks down success into three steps: 1) Visualize your goal 2) Develop a plan/routine to achieve your goal 3) Execute on your plan What is your goal as trader? Make it specific. For the developing trader, you might visualize becoming a Consistently Profitable Trader. Next develop a plan to achieve your goal. We say, develop a routine. What are the things you will do each day to drive your improvement? Last week we sequestered our newest traders Read more [...]


Is Reading the Tape still important?

Aug 18th, 2016 | By | Category: General Comments
  Hi Mr. Bellafiore, I can start by saying this is a huge honor being able to write to a legend as yourself in the world of stock market trading. I read your book One Good Trade and am on the way to reading The PlayBook which are hugely influential course materials on the subject matter of trading as I'm sure you are well aware. This leads me to my point/ question, is there any software or web-trading application that you know of that I could use in a demo format(free) where I can practice tape reading and order flow in the hope of implementing same into a workable and potentially profitable trading strategy. You Read more [...]


Managing your swing positions/trades better

Aug 16th, 2016 | By | Category: General Comments
  Hi Mike, I met you last 2 weeks at Singapore Invest Fair.  I am deeply impressed with your presentation and your New York traders trading ways. Personally, I am a prop house day scalp traders for Malaysia stock market for 8 years.my performance for the scalp trading is quite consistent and keep on growing. I have a matter need your advice. While my scalp trade is consistent when i go into  for my swing trade on stock market on midterm (few weeks) or longer term (few months) basics for my own capacity.i keep on have the scalp trade mentality even though I have a trading plan for it. When i am having position Read more [...]


What we have learned from mentoring/coaching traders

Aug 10th, 2016 | By | Category: General Comments
  Our firm in NYC has focused on training new traders to consistently profitable and then high performing trader over the past decade.  Here is what we have learned mentoring and coaching traders: Develop a Growth Mindset- Shark is one of our most successful traders we have trained from new trader to consistently profitable trader and then high performing trader.  Each day he works on his trading game to get better. Go back and reread that last sentence.  Those with a fixed mindset believe they can only be as good as their talent allows.  Shark has experienced a trading career from a different lense.  Every trading Read more [...]


Taking that next step forward in your trading with sizing

Aug 6th, 2016 | By | Category: General Comments
I sit in a unique seat in the trading community.  For the past decade, I have trained traders from new to consistently profitable or failed trader.  As the author of two trading books, gratefully many reach out to me sharing their trading challenges and triumphs with the why and how.  What I do in my writing is share my observations from working with and exchanges with these new and developing and high performing traders to our trading community. Another one of our firm traders had a break through last month! He walked across that line from doubting developing trader to professional trader.  He is going to make it. Read more [...]


How this trader improved

Aug 4th, 2016 | By | Category: General Comments
I was chatting in the hallway at our firm in NYC, with a developing trader who was verbally proud of his improvement on that day.  He was really proud. I asked him what progress he had made and how.  In detail, he offered his improvement.  When he was done, I asked him to memorialize the improvement in an email to me to further cement a new best practice that added value to his trading. Below is how this trader improved. Background - Reviewing my trading, I realized I’m more consistent and can demonstrate edge on 2nd day plays (When I’m involved).  Where I was failing miserably was NOT consistently being involved. I Read more [...]


Damn right we talkin about practice!

Dec 31st, 2015 | By | Category: General Comments
I had an informative phone chat with a counterpart of mine at a large international prop firm.  They house thousands of traders globally.  They, like us, back all of their traders.  They, like us, have their own proprietary trading technology that only firm traders can use.  They, like us, trade many different products. He, like me, trains all of the new traders the firm hires.  He said something during our call that deserves a spotlight.This global proprietary trading firm does not allow their traders to trade live until they show consistency on a trading simulator.You might call this proof of concept.You Read more [...]


Mike Bellafiore and Ralph Acampora on Benzinga #PreMarket Prep

May 29th, 2015 | By | Category: General Comments
Mike Bellafiore was a guest on Benzinga #PreMarket Prep. Below you can listen to his interview and one with the godfather of technical analysis Ralph Acampora. Listen here. Here is what you will learn from Mike during this interview: 1) The market is not fair.  Get over it! 2) One of his favorite trades: Changing Fundamentals Trade 3) How prop traders are attacking markets against the bots 4) Why he was leaning long ULTA, long GME and short $DECK below 70 5) Why DECK moved 15 percent in the afterhours Listen to the daily broadcast live: premarket.benzinga.com/pre-market-show/ #PreMarket Prep for May Read more [...]