Reader John asked:

Mike,

I just got done reading your book and I loved it. I thought it was the best trading book I have read. I have been a full time prop trader for 6yrs. and read a lot of books and found yours extremely valuable and enjoyable. Your book spoke directly to me as a very active prop trader. Thanks.

I am interested in recording my level 2 and screens in order to review my trades after the close. What software do you use to record and watch your screen shots?

 

Bella Responds

Our new traders record their trading. Then they watch back their trades during the midday and after the close. Also we watch film together in our training room, which we call SMB Tradecast. We do this so our new traders gain screen time. To get better as a trader requires more screen time so recording your screens is an excellent way to speed up your learning curve and move forward as a trader.

I use My Screen Recorder software. Others on our desk use Camtasia.

A few things. You will have to play around with which is best for you. Some computers slow down when these softwares are added. So watch your CPU after your add. Second, watch your tape religiously. The hardest thing about becoming a consistently profitable trader is becoming a consistently profitable trader. Meaning trading is not that hard save for those who are not consistently profitable. There is a learning curve that we all have passed. It is a trading right of passage. Anything you can do to speed your learning curve will improve your chances of success. This is one very valuable training technique.

Mike Bellafiore
Author, One Good Trade: Inside the Highly Competitive World of Proprietary Trading (Wiley Trading)