Hi Mike, I just started the DNA Program. I’m very excited! I hope it can help me with my trading. I’ve been working hard. I’ve kept a trading and emotional journal, I’ve been doing my playbook, with so far nine plays. And I’ve been disciplined and focused with the selection of the stocks in play and the research on them, and … Read More
Trades of the Month from the Prop Desk Webinar
I will be speaking about “Trades of the Month from the Prop Desk” today at 4:30 pm ET. I will be discussing the following topics: The Trading Patterns working in 2014 What key market levels we are watching on the prop desk Trading Patterns broken down in a template that you can co-opt for your trading … Read More
Turn Your Ideas Into Statistics
The trading world is littered with anecdotal evidence of cause and effect from various technical indicators and signals. I cringe when I hear something like the following: “As you can see, last time the 19-week moving average crossed the 52-week moving average, this stock moved 18.5%.” This statement has absolutely nothing to do with anything. It’s an observation of a … Read More
A Question on Reading the Tape and Skill Building
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