Dr. Steenbarger, author of the The Daily Trading Coach, reviews One Good Trade: Inside the Highly Competitive World of Proprietary Trading (Wiley Trading) in this article at Seeking Alpha. From Dr. Steenbarger: Prop trading firms have traditionally been quite secretive about what they do and how they do it. Mike has lifted that lid, offering a variety of lessons that … Read More
Don’t Give Away An Edge
The market had a broad rally on Tuesday. When we came into the office on Wednesday we cautioned our traders against chasing moves in stocks that could be a bit overextended when the market opened. Our thought process was to look for safer long entries based on the prior day’s support levels. I think you probably know how the rest … Read More
One Good Trade Hits the Shelves
In One Good Trade: Inside the Highly Competitive World of Proprietary Trading, author Mike Bellafiore shares the principles and techniques that have enabled him to navigate the most challenging of markets over the past twelve years
I Want to Be in this Trade!
Today trading BIDU I made two trades that are very different. One was a trade with which I had supreme confidence. The other was a good trade that probably would work but I wasn’t sure. One was an A trade. The other wasn’t. One can make my month. The other can cause heartache, like that girl who just isn’t available. … Read More
Trading Quote of the Day – July 19, 2019
“There is the plain fool who does the wrong thing at all times anywhere, but there is the Wall Street fool who thinks he must trade all the time.” Jesse Livermore
Trading Quote of the Day – July 16, 2010
“The markets are not random. I don’t care if the number of academicians who have argued the efficient market hypothesis would stretch to the moon and back if laid end to end; they are simply wrong. The markets are not random, because they are based on human behavior, and human behavior, especially mass behavior, is not random. It never has … Read More
Join Bella For a Live Chat on eTradingExpo
Join Mike Bellafiore today as he hosts a Live Chat Session for MoneyShow’s new eTradingExpo
Second Trading Quote of the Day – July 15, 2010
“Speculation, in its truest sense, calls for anticipation.” Richard D. Wyckoff