This Trader Wanted to Quit

Mike Bellafiore, noted author and founding partner of SMB Capital tells a story of an ambitious young trader that he met while giving a presentation at a university. This trader entered the professional trading world a few years later at just the wrong time. He was ready to throw in the towel — but he stuck it out for a … Read More

Should You Quit Your Job to Trade?

Dear Mr. Bellafiore, Hello my name is Jeffrey, first off I’d like to thank you for the information in your book “one good trade” it’s been very helpful. I’ve been day trading for 2 1/2 years now. I can’t trade stocks because of my work schedule but do take advantage of the Future and Currency markets. I’ve come to realize … Read More

Should this trader quit?

I received this email recently: Hello.  This is a retail level trader with almost 3 years of trading experience in s&p mini futures.  During those grueling 3 years, I’ve suffered nearly 25k in losses, most during the 2008 crash where emotions got the best of me.  Since then, I have learned the importance of risk management and now I am at a point where my … Read More