I have been trading on my own since March and after a few weeks of consistent results, I decided to increase my sizing and expand my Playbook with newer and different intraday plays. Despite the fact that I have the impression that my trading skills is improving, my results in terms of P&L have deteriorated. Should I go back to … Read More
Join us for beers and trading talk this Thursday (NYC)
Join Dr. Steenbarger and SMB at our NYC beers and trading talk event this Thursday. From Dr. Steenbarger at his blog TraderFeed: As posted earlier, I am organizing a craft beer get-together for NYC area traders a week from Thursday (May 21st) at 5:00 PM. We will meet up at the tasting room of the Whole Foods on Columbus Circle … Read More
Mastering Market Orders in Options Trades: A Comparative Guide (RUT vs. IWM)
Limiting risk is critical to the long term success of your trading. Every strategy has a downside. Every trade is subject to having you on the wrong side of a big move. It’s important to have a plan to keep that risk in check. Some options strategies have built in risk. Meaning there is no way to lose more than … Read More
Ask anything: how can I become more consistent as a trader?
I have been actively trading for 5 years. I have followed the market for 25 years.. I have tried trading covered calls, medium and high beta stocks (ex — AApl, SBUX ,CELG, TSLA. I have tried intraday trading options -no luck. It seems like every I “perceive” an opportunity I jump — just that I seem to be extremely inconsistent. … Read More
How to become the Derek Jeter of trading
David Leadbetter, legendary golf instructor, wrote a brilliant article for The Players’ Tribune explaining why Derek Jeter and other elite athletes find golf so hard. Mr. Leadbetter writes: It’s a common misconception that athletes can easily transition to the links. The truth is a little more complicated. While athletes have a leg up on some of the mental and … Read More
This 5k loss was my best trade of the month (video)
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