We’ve gotten great feedback as we share trades from our new Futures Desk as a Trade of The Day! Today we’re back in my realm- that is, using Market Profile! Simple lesson today. Sometimes trades try and work, then fail. BUT…. then they set up again! I like to see my guys stick with their game plans, and refrain from recency bias … Read More
TOTD- Simple S&P Scalp
It’s time for the Futures Desk Trade of The Day! Have you guys noticed one of the key themes of most of the TOTD’s from our desk? For me it’s that the trades are not rocket science, and in fact they are quite simple. The key things I see in the posts so far as I study our own traders … Read More
Do you train traders who do not make it?
A trading friend on twitter asked: and then followed up with: @MikeBellafiore Of course we have traders who do not make it with our trading desk and transition into a new job. One thing very important to our firm is to “love them on the way in” and “love them on the way out”. When someone is not successful on … Read More
SMB Futures TOTD – 5/24/18
It’s time for the Futures Desk Trade of The Day! Today the trade is from yours truly. It wasn’t a monster winner, but it was a quality trade from start to finish. CL (crude oil futures) A good entry according to premarket plans and key levels Quality profit taking when given the opportunity Aggressive add given the context of the … Read More
We want to believe you can become a 7-figure trader
Good Evening Mike, I know you’re busy so I will keep this short. I have dreamed of trading for SMB capital since I was a Sophomore in college about 7 years ago. I am a retail trader who mainly focuses on option spreads and asymmetric return trades by way of LEAP options, but I want to apply and make the … Read More
SMB Futures TOTD – 5/23/18
It’s time for the Futures Desk Trade of The Day! If you missed yesterday’s, you can find it here. We love having our traders in Europe and Asia on the Futures Desk. It allows us to capture some trades while the rest of us here in NYC are fast asleep. This trade was just after 4am NYC time. Key variables: … Read More