Denise Shull, author of Market Mind Games, was our guest speaker today during our Midday Meeting at SMB. Denise discussed: 1) How traders should learn to use emotions to make better trading decisions 2) Why most trader psychology advice gets it wrong by teaching you not to feel emotions 3) The reason why some traders have a need to be … Read More
Trading After the Debt Ceiling is Raised (Video)
Yesterday during our After-Hours Review our desk discussed attacking the markets after the debt ceiling is raised. Our preparation started yesterday. If you’re wondering how you might trade the markets after an announcement, perhaps this video will help. Notice that we run through different strategies: 1) Buy buy buy instantly 2) Wait for the market to settle and start a … Read More
The Eight Principles of Elite Traders
******One blogger/trader/educator who does a wonderful job of sharing research on elite performance and how it relates to trading is David Blair, The Crosshairs Trader. Below is his latest Sunday Links post for the SMB Trading Community. We hope you enjoy!****** — Editor’s note Charles Garfield, the author of the 1984 classic, Peak Performance: Mental Training Techniques of the World’s … Read More
The Single Most Valuable 15 Minutes of Trading Education (Video)
Mike, I had to send this email out right away after you posted your session on how you lost on $FB. For me, this was the single most valuable 15 minutes that I have spent on trading education. Why? For me, getting bigger, pressing, and holding are the biggest obstacles for me to get to the next level. As background, … Read More
Contemplating Insanity Into My Trading
I am one of the subscribers to the new SMB DNA program. I missed your mentoring session yesterday, but I just watched the recording and was wondering if you could answer one question for me. I just also wanted to say that I read both of your books not too long ago and thought they were the best books on … Read More
Enhancing Performance With Bias Awareness
******One blogger/trader/educator who does a wonderful job of sharing research on elite performance and how it relates to trading is David Blair, The Crosshairs Trader. SMBU thought a Sunday Links post from him would be of interest to the SMB Trading Community. Below is his first for you. We hope you enjoy!******* Editor’s note A cognitive bias is ever present … Read More
From Paper Trading to Live: Time to Turn the Lights On
I’ve been mostly daytrading for couple of years with not very impressive results. The last few months I decided only to paper trade and the results are pretty good. The problem is that I’ve done this before (trying to transition from successful paper to real trading) with disappointing outcome. That’s why I’m not that confident that this time it will … Read More
Be in Your Right Trading Culture
Hi Mike, I’ve just read your book, One Good Trade and have to say it’s left me more motivated than ever to continue improving my trading skills. Currently, I trade futures for a newer prop firm in Western US. Trading is what I’ve always wanted to do; I saved money working as a waiter to start trading options in my … Read More