Andrew shows you an example of taking a signal idea and quickly documenting a series of tests. The entire process took a few hours and represents 15 years, 120+ stocks, and 10s of thousands of back trades. * no relevant positions
Ten Articles For Sunday
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Here is how you win as a trader
Below is wonderful video for you to watch to help build your inner coach from Brett Ledbetter. Take 15 minutes and watch it this weekend. It will give you many ideas to improve as a trader. Now the subject matter in this video is sports performance. Sports after all is a performance game. Trading is also a performance game. … Read More
Podcast: How to find your trading edge
Above is a podcast for which I was interviewed on generating trading edge and below are it’s details from the podcaster. Episode 34 of the Desire To Trade Podcast features Mike Bellafiore, the co-founder of SMB Capital, a well-known proprietary trading firm based in New York, USA. Mike is also the author of One Good Trade: Inside the Highly Competitive … Read More
It’s a shame I got stopped out
Here is an exchange on our trading desk in NYC today. Trader: She got stopped out of her position today. It’s a shame because the market has pulled back in a bit. Me: You have to trade with stops. If you were stopped out and then thereafter a stock/product/market traded in your direction too often trader laments their bad luck. … Read More
Why this trader succeeded while most fail
Recently, I exchanged emails with a successful prop trader at a Tier 1 firm. I have known him since he was deciding whether to pursue trading, while still in college. We have kept in touch during his trading career. He has become a *very* successful trader. I asked him to share his thoughts on why he became successful. Here is … Read More
This Trader Wanted to Quit
Mike Bellafiore, noted author and founding partner of SMB Capital tells a story of an ambitious young trader that he met while giving a presentation at a university. This trader entered the professional trading world a few years later at just the wrong time. He was ready to throw in the towel — but he stuck it out for a … Read More
My trading is “garbage”
Hey Mike Couple of things….I’m reading my way through The PlayBook and felt I should send this GIF along…. Don’t know if I should laugh or cry at the garbage I trade. Again, my background over the years was to make $ trading the crap. its where I had an edge….. Obviously I no longer want to trade this way, … Read More