Is He a “Real Trader”?

BellaMike Bellafiore's (Bella's) Blogs1 Comment

I come from a prop firm that’s heavily composed of traders that scalp for a penny profit on list of selective stocks that meet the necessary criteria.  Yesterday, our firm has been banned for a week on using the routes on these selective stocks that are necessary to implement the penny scalping strategy from our provider due to selective traders … Read More

The Forex Road Map

mprincipatoGeneral CommentsLeave a Comment

When new traders enter the forex market, they install their platform of choice and then ask the following question, “How do I know which way my forex pair is going?”. They usually seek the answer by immersing themselves into the world of confusion. Amazingly enough, newer traders already come to the game with the preconceived notions that their brokers love. … Read More

Imprint These Images On Your Brain

sspencerGeneral Comments, Steven Spencer (Steve's) Blogs, Trader Development, Trading Lesson2 Comments

I tweeted the following this afternoon: there is “easy money” and “hard money” in trading. your longevity is determined by which one you choose to pursue…$$ I had quite a few responses. Some traders pointed out trading is not easy. And of course I agree with this. Trading successfully requires thousands of hours of practice and skill development. But once … Read More

Is bad really bad? (Part II)

BellaGeneral Comments1 Comment

Yesterday I wrote Is bad ready bad?  Today we follow up on this idea by looking at the work of legendary traders/investors. Over the past few years I have noticed some good coming out of what I first thought was all bad.  When I lost my mom there was at first only loss, but then I recognized some good.  When … Read More

SMB Fundamental #1: Proper Preparation

sspencerGeneral Comments, Steven Spencer (Steve's) Blogs, Trader DevelopmentLeave a Comment

Last month I wrote a post about SMB Fundamental #7–Reviewing Your Important Trades. Today I would like to discuss #1–Proper Preparation. All trading success begins with proper preparation and that is why it is #1 on our list of trading principles that must be followed for each trade. Part of my morning pre-market preparation is to review the price action … Read More