Are You an Overconfident Trader?

BellaTraders AskLeave a Comment

Hi Mike, I’ve been trading awhile and I’m certainly getting better at it. I’ve noticed a recurring problem. Whenever I get a good streak going and I start feeling like I’m getting the hang of it, I hit a losing streak. Sometimes it’s a week or two of gains everyday and then a slow meltdown to give it back. I … Read More

Use the GPS

BellaGuest BlogLeave a Comment

When I trade a stock “off the beaten path” (see my previous blog post), I always have an understanding of where the stock is in its trade along with the broad market. I’m always watching SPY levels and how the SPY trades. This allows me to make a better assessment of the relative strength or lack of in my stock. … Read More

Forex trade of the week

Alex SalazarGeneral Comments3 Comments

A key point in the EUR/CHF trade was when the price fractured the areas of support, which are identified by the Fibonacci retracement at level .618 % at an approximate price of 1.2800. Once those areas have been breached, we expect the trend to be lower than the previous minimums, but in turn, the price increases producing up trends. This … Read More

Loss Aversion and Irrational Focus

BellaMike Bellafiore's (Bella's) Blogs4 Comments

A passage from The Economist that may help our trading- The referee’s an anchor: A new book looks at the behavioral economics of sport “Loss aversion”, the tendency for people to care more about avoiding a loss than about making a similar-sized gain, is rife even among the greatest champions. Evidence from a huge database of near-identical putts shows that, along with … Read More

From Bad to Great- A Trader’s Steps to Improve Performance (Examples)

BellaMike Bellafiore's (Bella's) Blogs3 Comments

Yesterday we blogged how one of our underperforming traders improved his results.  Some of our Readers asked for examples and our trader obliged: Hey Bella, I’ve attached 2 charts – one breakout trade of SLB on 9/29 (10min candle chart) and one breakdown trade of AEM on 9/21(15min candle chart). The line on both charts indicates high/low for previous day. … Read More