Lesson 6: Luck versus Skill

bruce.bowerBruce Bower, General Comments, Trader Development, Trading Ideas, Trading Lesson, Trading Psychology3 Comments

You Need To Understand The Role of Luck and Skill In part 6 of my 7-part series on Lessons I’ve Learned, we will look at luck and skill. In order to be successful taking risk in the markets, you must understand the role of luck and skill. From that understanding, there will be several implications for your actions and how … Read More

Insufficient Trader Training

BellaMike Bellafiore's (Bella's) Blogs2 Comments

In our smallest office in our downtown Manhattan digs I was an actor in this conversation. “We make trading too hard,” said the new, gregarious trader. “I am not sure what you mean.  Trading is about learning set ups and then mastering the fifteen subsets of each play,” I replied. “See that is where I think I go wrong.  I think trading … Read More