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
Trading In College Using Bella’s Advice
A few weeks ago, I wrote a blog post addressing the #1 most frequently asked question: How do I get hired on a Trading Desk after graduating? One of the most important things discussed in the last post was to have a Live Trading Track Record to supplement one’s resume – explaining how firms value this type of experience- however … Read More
Relative Volume (RVOL) Defined and Used
Hi Mike, I read One Good Trade last summer and it really turned a light on for me. Since then your weekly videos have kept me on the right path and helped me improve a little every week. I joined SMB Premium last year and then Trader90 and I’m now in DNA. It was the only logical next step. Thank … Read More
Trading is as easy as one…two….three…four (Video)
Step one you learn the best stocks to trade. Step two you learn the right setups to trade with these stocks. Step three you build best practices to make sure you do not miss these stocks and setups. Step four you trade these setups and develop skill with them. What could go wrong? Trading is as easy as one…two…three…four. But … Read More
10 Ways to Become a More Consistent Trader
I was sitting across from an ambitious new trader in Troy, NY (yes you read that correctly Troy, NY) enjoying the Brown’s Pale Ale discussing ways to be more consistent as a trader. Now most of these conversations are started by traders who were never profitable. But not this one. This one was with a new trader who had mid-six … Read More
Help! This Isolation is Killing My Trading!
Dear Mike, I am almost through reading your book One Good Trade. It’s phenomenal! Now one of my favorite books about trading, it really altered the way I think – helping me purge the psychological demons and reinforce good habits. I completely agree with your viewpoint that trading as part of a team compounds the learning process. I have been … Read More