Hey Mike,Just curious if you have an example of a losing trade you had recently, and if you still considered it a good trade?Thanks.Jonathan A. mikebellafiore This is a great question! When I watch the Financial Media Entertainment Complex talking trading/investing I smh. Who are those people on TV so certain their call in $AAPL is correct? What market is … Read More
I am doing so well. I am scared I am about to lose money. (Video)
@MikeBellafiore Well we have all had these feelings as a trader/investor. I am doing so well…this cannot continue. And we are fearful about what is around the corner. I am trading $TSLA so well, this is going to end badly. I am printing money in my $NFLX swing trades, a large loss is coming. I am trading in and … Read More
Trading Lesson: Finding The Best Trading Opportunities
Every morning I create a written game plan with 8-10 stocks that I believe will offer the best risk/reward trading setups. The game plan is divided into two categories: Fresh News/In Play Stocks and Second Day/Technical Plays. As I was creating today’s game plan I began to feel a small level of anxiety as I wondered how to hone in on … Read More
An anecdote from the prop desk: The unprepared trader
Often new traders think they are prepared to trade when they aren’t. They think they have done the sufficient preparation to trade and the market truth is that they haven’t. Traders who we have trained from scratch to consistently profitable have always met the market definition of prepared. Those who have underperformed have met their definition of prepared but not … Read More
The education of a trader: growth mindset (video)
Hello Mike, I hope this email finds you well. My name is Rayner and I’m a proprietary trader based in Singapore. I have a website www.tradingwithrayner.com which I update regularly. I am a big fan of your work and especially the book you have written One Good Trade. This was the first and only book that opened my eyes into … Read More
The education of a trader: The PlayBook
mikebellafiore In my second book, The PlayBook, I advocate archiving a favorite setup from each trading session. After each close, choose a best setup from the session that fits your trading style. Reverse engineer the variables of that trade. Archive this trade in a comprehensive format, perhaps like the SMB PlayBook. As traders we should build from our strengths, … Read More
The Education of a Trader: Trading on Tilt
Our friends at Tradeciety.com asked: How do you deal with emotions in your daily trading? What are your tips and suggestions that help you avoid, if possible, making emotional and psychologically caused trading mistakes. @MikeBellafiore Trading on tilt is the 800 pound gorilla on every trading station. On our desk today there were a few desk slams in this $FB, Facebook, … Read More
SMB meeting traders in Chicago
A quick note to share that I will be in Chicago Monday April 11 and 12 meeting traders. Our firm backs discretionary and automated traders, offering proprietary technology and assuming all capital trading risk. We trade stocks, options, futures and automated trading. SMB, in its JV with Kershner Trading Group, also teaches traders from scratch to consistently profitable, who fit … Read More