Mike, I recently read an interview you gave in YTE magazine a few years ago. I subscribed online and have been reading previous interviews etc. Your interview offered some great perspective to a new trader like myself. Although I work full time for a REIT here in PA, I am absolutely obsessed with trading and wanting to be the best … Read More
How Do You Know When to Sell a Winning Position?
Dear Mike, I’ve recently read One Good Trade and found it a quality read relative to all other books I’ve read. It has been immensely helpful as am currently full time employed and am at a point where I am thinking that that trading full time could be an option, provided I can become consistently profitable and have the confidence … Read More
A Pro Responds To A New Trading Idea
Over the weekend Bella posted a new trading idea “I’m All In”. Here is the response from SMB Foundation alum and professional futures trader Bruss Bowman. I think his comment speaks for itself. Bella, Great thread. My personal trade log for the last month is full of entries around just this thought. One of the things that I’m looking at … Read More
I Was Captain of the Mathletes
In high school I was captain of the Mathletes. Once a month we would travel to other schools and compete against their top math geeks. Many of the problems we were asked to solve appeared to be complex but often contained what were simple solutions. In math and in nature things that appear highly complex often can be reduced to … Read More
My thought process for TRV
Today I live tweeted @stocktwits and traded TRV. Below are my tweets and an expansion on my thinking. I have attached the intraday chart for your review as well. –What I saw here was auto buying at 78.60. Anytime someone offered 60c that offer was cleared immediately. We say there was a “hunt order to buy” at 60c. Once an … Read More
How Do You Distinguish a Good Trade From a Loser?
Hi Bella, I just read your recent post talking about the “All-In” trade on the SMB blog. Although my trading experience is limited (less than 3 years), I have on occasion seen these types of SEE IT trades. The most recent example was this past Friday in $LIFE. I know Steve kept the community in the loop that day & … Read More
CNBC Made Me Do It!
Here is an interesting comment from a reader in response to my blog post “My Thought Process: LIFE” Steve, Thank you sir for your thoughts. I constantly look for your tweets during the day. I don’t know why I bought so many books in the past. I have learned a lot from your generosity. I turned LIFE green into red … Read More
You are not a consistently profitable trader YET
I made a mistake the other day. I told someone from SMBU that everything he touches gets better. I demotivated him with my words. I have written in a past blog post, Do Not Say Practice, about the power of language to motivate traders. This idea was discovered from the work of Dan Coyle on his blog The Talent Code. … Read More