Too often we seen only the things that stand in our way. Instead, we should look for all the ways we can go over or around. – Simon Sinek
Closer Than You Think to Being One Good Trader
I received an interesting trade review from a new trader: a.m. trading I was very hesitant. my main ideas played out and I missed them IBM and MOS very frustrating for the rest of the day. when I was on the right side I sold too early. ended the morning slightly positive. told myself I prob shouldnt trade the rest … Read More
Passionate Traders Please Apply
Tuesday, July 19th 2011 Watch an interview with Mike Bellafiore and the MoneyShow.com from the past Traders Expo in Dallas. Mike Bellafiore discusses some of the key traits that he looks for when hiring proprietary traders and tells why passion and a thirst for knowledge sits atop the list. View the video here
The wrong stop (IBM)
IBM drove on the open after gapping up. At 52 week highs if you did not pay right on the open you were left to watch a 2 point upmove. I am sure many passed on the first ticks opening drive play. Flagging at 180.50 offered our easiest trade which I am sure many did not miss. At 52 week … Read More
SMB Morning Rundown for July 19, 2011
Market broke below SPY 130.70 ystdy but rallied in afternoon. big companies now reporting earnings and having positive reactions. if we get above 131.50 today and hold i am very focused on being long with next major resistance at 132.75. The best AM idea is MOS with 68 as the inflection point.
Trading Thought of the Day – July 19, 2011
Nothing in this world can take the place of persistence. Talent will not, nothing is more common than unsuccessful people with talent. Genius will not; unrewarded genius is almost a proverb. Education will not; the world is full of educated failures. Persistence and determination alone are omnipotent. – Calvin Coolidge
Trading Thought of the Day – July 18, 2011
A stock that trades poorly on the open may get better midday. – Bella
Focus on the Method Not the Money
Monday, July 18th 2011 Watch an interview with Mike Bellafiore and the MoneyShow.com from the past Traders Expo in Dallas. Mike Bellafiore discusses how traders should be fixated on their methods rather than their P&L. View the video here