What do all successful traders have in common?

Seth FreudbergGeneral Comments, Options Education, Seth Freudberg's Blogs, SMB Fundamentals, Trading Psychology16 Comments

In the summer of 2010,  I traveled to Manhattan from my home in Philadelphia to meet with Roy Davis of  SMB Capital for the purpose of checking out  SMB’s    intraday  equities training program. While I am an income options spread trader myself,  my premise was that  intraday equities trading and options income trading  were not at all mutually exclusive … Read More

The Weekend Review

BellaMike Bellafiore's (Bella's) Blogs1 Comment

A terrific exercise for traders is The Weekend Review.  I received an example from one of our traders and thought it could offer some ideas for readers interested in starting or improving their Weekend Review. Over the weekend I went over my results for February. Lack of discipline in hitting out of my stocks, being stubborn, and breaking my own trading rules … Read More

Bias Shmias!

sspencerGeneral Comments, Intraday Levels, Steven Spencer (Steve's) Blogs, Trader Development2 Comments

One of the most frequent confessions I hear from developing traders is that they couldn’t change their bias when the price action warranted such a change.  They develop a bias as to which direction a stock will trade and hold on to their viewpoint despite overwhelming evidence to the contrary.  I have even heard there are many experienced traders who deal … Read More

Path to 1K Terminated

BellaMike Bellafiore's (Bella's) Blogs1 Comment

We challenged some of our newest traders to expect more from their results recently. We wanted to push them toreach for a goal just outside of their present ability. This is how you improve at anything. You push yourself beyond your comfort level for a new goal you are not quite good enough to obtain. Every night I asked these … Read More