Today I maximized my weaknesses. I found the set up that is a trading weakness for my system, traded it with size, and now sit with a P&L that represents the worst of my trading. In one sense this is quite impressive. I did not just underperform this open. I did as poorly as I possible could. Fresh news … Read More
Traders Ask: Simulation
I received this question from Reader Dhroov: I want to thank you and your team for all the time and valuable information that you put into your blog and videos. I look forward to clicking on my browsers’ “SMB’ favorites link each and every day to catch up on what you and your team are thinking and writing about. I … Read More
Traders Ask- Why Hold?
Yesterday I posted Important Intraday Resistance Level (BIDU). Tapetrader followed up with this excellent question: Bella: I have a question regarding holding BIDU. At 1pm it was the lasttime BIDU touched the 72.5 lvl. What followed was sideways consolidation for a long period of time, and some spike ups and what looks like higher highs. Even though 72.5 is a … Read More
Important Intraday Resistance Level Trade (BIDU)
BIDU came off from 73.30ish after a gap open. 72.50 offered resistance on the tape. I started a small short. BIDU came off another point. But then things got even more interesting……. 72.50 was a level that we spotted on the tape. And BIDU traded off another point from this weakness and resistance level we spotted on the tape. But … Read More
I Am Just Trying to Get Better
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Sharing Your Best Trading Set Ups
A few months ago we were talking with Dr. Steenbarger about some improvements we could make to our training program. We decided, through his guidance, to add a new Tradecast, or review session, where we shared the best trading set ups from ALL of our traders with ALL of our traders. Well, why? Isn’t it true that traders have … Read More
Readers Share: Are You Ready to Trade Professionally?
Reader Mike sent me this email: Bella, I know you will never remember me but you interviewed me about four years ago. During that interview you told me I was not ready to be a trader both financially and psychologically. I remember leaving that interview calling you many many not so nice things saying that I will show you. Since … Read More
My Mistake, Move On
Apparently I mistakenly left in some sell orders to short SY after the close. I headed to our training room for a Tradecast with our new traders and a guest visitor from CT. One of our traders poked his head in the door and said,”Bella you got filled in SY and are way out of the money.” I have heard … Read More