I want to share with you an awesome video from Sherri Coale, Head Coach Women’s Basketball, that will make you a better trader. But exactly how needs some context, so first a few comments. It is really hard to start as a discretionary trader these days. HFTs cut and stop you out of positions. The media has been warning of … Read More
Taking that next step forward in your trading with sizing
I sit in a unique seat in the trading community. For the past decade, I have trained traders from new to consistently profitable or failed trader. As the author of two trading books, gratefully many reach out to me sharing their trading challenges and triumphs with the why and how. What I do in my writing is share my observations … Read More
How this trader improved
I was chatting in the hallway at our firm in NYC, with a developing trader who was verbally proud of his improvement on that day. He was really proud. I asked him what progress he had made and how. In detail, he offered his improvement. When he was done, I asked him to memorialize the improvement in an email to … Read More
A trading journal that works for you
I trade intraday futures by reading the tape and looking at historically significant price action levels. I start to really get a feel for the process, but I still trade only one future until the process is internalized. To be able to assess myself I keep a detailed journal where I fill in trade information (entry, exit etc.) and trading … Read More
That Was Different—Did You Make Money?
In short term trading we are always on the lookout for something that looks “different”. That is where edge is. That is where good risk/reward is. The past few weeks the SPY has been bopping up and down in a tiny range. After four or five days it was unusual. After two weeks it was historic. Every short term trader was focused … Read More
Seizing Opportunities: Making Money in Pre-Market Trading with SRPT
We are in the heart of earnings season and as short term traders this is where the majority of our attention is focused. But on Friday July 29th there was a major fundamental catalyst in MCRB. Its FDA drug trial had failed. The stock was trading lower more than 50%. By 8AM before the market had opened it had already … Read More
SMB in Singapore for InvestFair 2016
Mike Bellafiore will be a Keynote Speaker in Singapore for Invest-Fair 2016. INVEST Fair is ShareInvestor’s annual flagship event in Singapore for investors and traders. Jointly collaborated with The Business Times, Singapore’s largest business publication, INVEST Fair is an unrivaled event- “the LARGEST Investment/Trading Event in Singapore!” Here is an ad from The Sunday Times (Singapore): If you are a … Read More
Analysis of Crude Oil & Followup
Each Friday after lunch, Andrew and I do a Q&A webinar for the SMB Community. We call it Trading Conversations. One question we covered in last week’s webinar was about the current state of Crude Oil. I use Market Profile, so I laid out exactly what I was seeing in “Texas Tea” from a Market Profile perspective. Largest view: 16 … Read More