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
The Third Week of More Mindful Trading
The Third Week of More Mindful Trading In this post, I will continue my eight week experiment with cultivating mindfulness and trading. The first two posts in the series can be found here: Eight Weeks to More Mindful Trading The Second Week of More Mindful Trading To bring new readers up to speed, here is a brief refresher on mindfulness. … Read More
8 athletic brands passing me in Central Park
New Yorkers take their running very seriously in Central Park. Too seriously if you ask this twice-a-week jogger and now very former athlete. Many many many were passing me on my amble home last night, which at first was deflating…. but then opportunistic. You see when you get passed by as many as I did you get an upfront … Read More
4 ways to trade with a bias
Hi Mike, Just finished reading The Playbook (after One Good Trade earlier) and felt obligated to send a thank you note. I really appreciate you offering this information out in the form of a book unlike anyone else really does in trading! It helped me build even more on my base trading knowledge. More importantly, it made clear the … Read More
The best books to improve your trading/investing
I was on the phone last night making an offer to a college student for our desk and the young man let out a loud, “Yeah! Awesome! Awesome! Awesome!”….. And then much more importantly,”What can I do between now and then to prepare.” At our firm, we send out a reading list for incoming traders to best prepare them. Here … Read More
What golf teaches us about trading
One of my favorite sporting events, no events, is The Masters. Sunday on the couch watching The Masters is about as good as it gets. And as traders there are many lessons we can learn from golf. 1. In golf you play the ball where it lies. You can hit a great shot and find it in a divot and … Read More
17 Reasons Why Traders Love to Trade
I recently visited the University of Central Florida to discuss what makes a successful trader. After my lecture, a crowd of students stayed behind, gathered and peppered me with questions. A philosophical non-traditional student, who had traded and then just quit one day wondering what the point to trading was asked, “Why do you enjoy trading?” I was a bit … Read More