Hi Bella, I know you are busy but I hope you can give me some quick advice. I read One Good Trade—it was great—and The Playbook—even better. I’ve also done the Foundation and Trader Dev but didn’t become profitable. I was working full time and just didn’t have the time and energy to do the work that profitable trading demands. … Read More
Enhancing Performance With Bias Awareness
******One blogger/trader/educator who does a wonderful job of sharing research on elite performance and how it relates to trading is David Blair, The Crosshairs Trader. SMBU thought a Sunday Links post from him would be of interest to the SMB Trading Community. Below is his first for you. We hope you enjoy!******* Editor’s note A cognitive bias is ever present … Read More
From Paper Trading to Live: Time to Turn the Lights On
I’ve been mostly daytrading for couple of years with not very impressive results. The last few months I decided only to paper trade and the results are pretty good. The problem is that I’ve done this before (trying to transition from successful paper to real trading) with disappointing outcome. That’s why I’m not that confident that this time it will … Read More
Be in Your Right Trading Culture
Hi Mike, I’ve just read your book, One Good Trade and have to say it’s left me more motivated than ever to continue improving my trading skills. Currently, I trade futures for a newer prop firm in Western US. Trading is what I’ve always wanted to do; I saved money working as a waiter to start trading options in my … Read More
Who Are You Competing With?
Have you ever contemplated who you are really competing with in the forex market? Does it really matter? You just want to make some money. Who cares right? It matters because you can gain great perspective from understanding why different market participants operate in the market. Contrary to what many of the retail trader conspiracy theorists believe, your broker is … Read More
EUR/USD Great Trading Range
The EUR/USD is in a bull flag pattern. To us that means long and short potential. — Marc Principato, CMT, Risk Disclaimer *No Relevant Positions
Unleashing the Power of an Options Trading Plan: Beyond Strategy
One common reason that options traders can’t find consistency is because they lack of a trading plan. You may be able to track your performance, but without an options trading plan it will be very difficult to repeat your success and minimize risk. A comprehensive options trading plan outlines how you will trade (your method), how much money you will … Read More
Behind Old Support / New Resistance?
A basic market concept that can really help to identify important levels in any market. Subscribe: http://www.bit.ly/utraderyt Help me write my book: http://www.unconventionaltrader.com Training Info: http://www.bit.ly/smbhome My analysis on TradingView.com: http://bit.ly/tviewprfle Twitter: http://www.twitter.com/marcpmarkets Webinar and Trade Review Archive: http://bit.ly/archpge