Hi Bella, Hope you are well. I’ve been going through the foundation course material and have started working on “reading the tape”. Can you give some guidance with following two questions? Thanks. 1. For a new trader is it better to concentrate on one stock and watch the prints and inside box or is it better to concentrate on more … Read More
Trading with Fear and Anxiety
It’s important to understand the difference between fear and anxiety when we’re trading. Legitimate fear is our friend. Legitimate fear serves a warning to tell us something’s wrong. It’s the signal to be alert , to review our positions and plans. If we find something wrong, we can fix it. If not we let go of it and move on. … Read More
Lessons from an Aspiring Moldova Trader
It is always so interesting and exciting to me to receive notes from aspiring traders all over the world. As much as we complain and carp about our markets, they are still the best in the world. Those worldwide want access to our trading opportunity. It reminds me of Churchill’s famous quote: “It has been said that democracy is the … Read More
This Week’s Top Posts
A busy week in the market with our first legit pull back since early October. All of the below posts deal with process, which is the only path to longevity for most successful traders. Also, check out the short video Bella created offering a sneak peak at the SMB mentoring program entitled “The DNA of Successful Trading”. Six Reasons Traders … Read More
Ask Yourself This Question to Trade in the Zone
In a recent blog post on the ancient philosophers at Barking Up the Wrong Tree an interesting idea for our trading was presented. Really thinking about just how awful things can be often has the ironic effect of making you realize they’re not that bad. From my interview with Oliver Burkeman, author of The Antidote: Happiness for People Who Can’t Stand Positive … Read More
Enhancing Trader Performance: Deliberate Trading
*****David Blair, The Crosshairs Trader, is a blogger/trader/educator who does a wonderful job of sharing research on elite performance and how it relates to trading. Below is his latest post for the SMB trading community.***** — Editor’s Note The principles espoused in the concept known as deliberate practice can greatly benefit the trader who wants to take his or her … Read More
Manual Stop vs. Hard Stop: Unveiling the Advantages in Trading
We posted The PlayBook Checkup: Breakout $TSLA yesterday and then received this question. Excellent trade description, thanks. It really made me think! I find some ambiguity with the hard or manual stop. I always use a hard stop, partly because as you say a fast market can result in a much larger loss than planned. What is the advantage of … Read More