Listen to this great show by Gabriel Wisdom from Business Talk Radio. He sits down with Mike Bellafiore, author of One Good Trade: Inside the Highly Competitive World of Proprietary Trading, and discusses why traders fail and what SMB looks for in the next great trader. Mike Bellafiore enters Gabe’s show twenty minutes into his broadcast. Gabriel Wisdom hosts regular … Read More
One Good Trade Webinar with Lightspeed Trading
Join Mike Bellafiore, co-founder of SMB Capital and author of the #1 selling trading book in the country, One Good Trade, for an exclusive webinar for Lightspeed customers and guests. Ten attendees will be picked at random to receive a signed copy of the book, compliments of Lightspeed Trading. Mike will discuss: Trading Knowledge to Trading Skill: Turning One Day … Read More
An “Old” Options Pro Joins The SMB Blog
The goal of my blog is to teach traders about options. I started trading stock options back in 1985 making markets on the Floor of the CBOE. The changes over the past 25 years in some ways are good while others bad. My views come from looking from the floor outward. Computers have sped up the process but the game … Read More
A blast from the past: A note from myself in 2002…
A very simple pattern that is the basis for all price action.
Top Ten Best Things About Being Overworked
10. You miss a lot of bad movies. 9. You are excused for most things no guy ever wants to do with their significant other. 8. You are never bored. 7. Crystallizes what you most enjoy doing. 6. You learn how much your success or failure depends on others. 5. You appreciate how powerful the proper process is. 4. Your … Read More
Traders Ask: What Should I Do Midday?
Hi, Mike! I asked for your advice about daytrader’s midday activity. What your young traders do tipically do during 12.00-14.00? I used to ovretrade during midday, so I decided not to trade at all during slow market hours. Can I do something useful for my trading game within two hours? Maybe rip through charts or watch some trading videos, … Read More
Traders Ask- How Do You Choose What Trades to Focus On?
Thanks for a great job on the blog. Also love Mike’s book. I just left a prop firm where i could only scalp Eurostoxx 50 futures (like dax or S&P500 futures) to trade stocks in play for my own money, since there are almost no props here trading stocks. I live in Stockholm (Sweden) and the Nordic equity markets … Read More
Rebuilding Confidence
One of our young traders did a nice job today of rebuilding his confidence. He started off the month of August on fire seemingly unable to have a negative day. His confidence grew and he began to take on more risk. I noticed that when he had his first negative day of the month that he overtraded a bit in … Read More