You develop an idea before the open. No, you develop an awesome trading idea before the open. You wait for the entry and take it. You get stopped out. And then the stock does EXACTLY what you thought it would. So this is the part where some would tell you to be calm and “trade in the zone”. Who are … Read More
Weekend learning lessons for traders from the prop desk – November 10, 2019
I have been off the grid the end of this week and weekend, attending Tony Robbins’ Unlease the Power Within. I found Tony’s priming technique particularly useful to add as a strategy for myself. A constant theme at the seminar was “no one ever became great without a coach, mentor or teacher.” This would be true for all the top … Read More
Minimizing Damage on Your Worst Trading Days: 5 Ideas to Keep Your Trades on Track
Hi Mike, I’m a DNA member and really enjoyed your book One Good Trade. I have a problem’s with about 5-6 days a year that are big loses. Really hurting my annual results. Thoughts on best practices….Do you recommend a platform that will cut me off? Thoughts? @MikeBellafiore Recently, I asked one our consistently profitable traders his plan to make … Read More
Weekend Learning Lessons for Traders from the Prop Desk – November 3, 2018
We closed out a very opportunistic October this week seeing some traders we work with have enormous success. One elite trader, with whom I work with closely, surpassed 1 million in net profits. Another made over 500k in the bounce off SPY 260 and the China/US trade war. Another had his first six figure month, doubling down on collaboration with … Read More