I’m not sure when I first started reading about “window dressing” in the market. It may have been while reading Jim Cramer in the 90’s where he talked about the things managers would do to keep themselves from being fired. The basic idea is that managers would adjust their portfolios at the end of a fiscal period so it appeared … Read More
The Term “Day Trader” Should Not Exist
I received this note from a pissed short-term trader: You could probably do a blog post on the term “daytrader”…….i.e., how this is negatively perceived by the majority outside of trading…..and even some within trading. Daytraders are portrayed as reckless, void of knowledge, gamblers, and somehow the piranhas of the trading community. Pisses me off. Which why I also do … Read More
Forex Workshop Recording: How We Find Pivotal Prices Using The Golden Mean
If you missed the most recent workshop with Marc Principato, CMT on “How We Find Pivotal Prices Using The Golden Mean”, sign up below to get the link to the recording. Marc explained how the traders in the SMB Forex and Futures program utilize concepts that center around the golden mean to find potential turning points on multiple time frames. … Read More
A Trader from Israel is Pleased
I wanted to share this terrific email I just received from an enthusiastic reader (and trader) of my first book, One Good Trade. Frankly, it’s emails like this that make all the hard work that goes into writing a book worthwhile. @Mikebellafiore Hello Mike, I just finished reading your first book One Good Trade, and as one who is already … Read More
How Do I Find a Firm to Back My Trading?
Hi Mike. I’ve been a long-time reader of your blog and not only love your analysis of the markets, but also how you always point out the hard work it takes to be a great trader. I’ve been trading full time for four years now. I started trading equities based on fundamentals, lost $2k in six months. I read about … Read More
Can You Achieve a 20% ROI as an Average Trader? Unveiling the Truth
Dear Mr Bellafiore, I have recently started listening to your book One Good Trade. It is simply an excellent book that has a structure and discipline all to its own. A recent friend recommended the book which I am very grateful for. I am 53 years old, and after working in the home building business, I’m ready to try something … Read More
Should I Forget Intraday Trading and Just Swing Trade?
Good afternoon Bella! I wanted to send you a quick email to get your experienced opinion on a current issue I’m dealing with. Namely, style of trading. I have closely followed SMB’s educational material/webinars/blogs, and tons of it makes sense and has been very helpful in my personal trading. Making money day in day out with short term trading is … Read More
Monkey Trading Series: Some IPO Basics
“Monkey Trading” is a broad term I have used lately to describe some of the short term trading I observe that shows a lack of respect for the market. Whether it is a failure to have a detailed trading plan or understanding the nuances of how stocks trades in the HFT dominated marketplace Monkey Trading usually leads to a transfer … Read More