Listen to this trading interview with Bella on Blog Talk Radio hosted by Aleksander Danilov of Solutionsology.com by clicking this link here. Bella discusses: 1) Why he wrote The PlayBook 2) Process: How The PlayBook and the SMBU Performance Center powered by Tradervue helps traders develop a process where they can build from their strengths. 3) Following like-mind traders on … Read More
Finding and Increasing your Trading Edge – Part 2
One trader on our desk offers a best practice to emulate. This trader had been gross negative 3/4 past months prior to June. He is a hard worker, focused on the markets, disciplined and well-trained. He is one of the guys who can make it. Yet, while I wouldn’t say it was a large deal that he was not yet … Read More
Training for Trading Success
Think back to the last time you experienced the opportunity to watch a world class performer, someone who really put on an amazing show. It doesn’t matter whether it was a musician, a sports athlete, an actress, a doctor or a business owner. When you see one of these performers in action, you can’t help but admire their skills. It … Read More
Trading Lesson: Failed Gaps Can Lead To Large Down Moves– $BRCM
In this morning’s AM Meeting I discussed a possible short setup in BRCM. I was very skeptical of the gap above $40 as this stock was trading at $30 a couple of months ago and only traded higher when they said they were hiring an investment bank to look at selling off some assets. In my view this was a … Read More
This Options Trader is Succeeding
I try to offer examples of best practices from succeeding traders and share them with the trading community. It is my hopesuccess.1 developing traders will co-opt some of these best practices and improve their trading. I have another one to share- this one from our options trading desk. One of the options traders on our desk just had his best … Read More
A Focus on Immediately Being in the Money Helped this Trader Improve
I had a conversation with one of the traders on our desk end of month congratulating him on his improved performance and inquiring on the reasons for it. We sat in my office and I congratulated him on improving from consistently negative to flat for the month. Come again Mike? Why is that something for which to congratulate a … Read More
Options Trading for Income with John Locke for July 21, 2014
Risk Disclosure No relevant positions
How Do I Simplify My Trading? – Part 2
Dear Mr. Bellafiore, My name is (deleted), and I’ve contacted you in the past. One of our conversations ended up on your blog and eventually made it into your book (http://www.smbtraining.com/blog/should-this-trader-make-a-comeback). Your responses to my inquiries have always been courteous and insightful, so I’m turning to you once again for some more advice. With the full support of my spouse, … Read More