Is My Trading Scalable?

BellaMike Bellafiore's (Bella's) BlogsLeave a Comment

Hi Mike, Thanks for your offer to answer my question this afternoon by email.  I wondered why you said it takes $1M-$5M to make $1M in annual profits? One can certainly make more than $50K annually with a $50K account. Why isn’t the relationship more linear in scaling up? I must convey my deep gratitude for the invaluable knowledge and … Read More

The Entitled Trader

BellaGeneral Comments, Mike Bellafiore's (Bella's) BlogsLeave a Comment

Peter Shankman, founder of HARO, wrote an interesting post today on the poison of entitlement. There is nothing worse than entitlement. It reeks of caustic, old-way-of-doing-things attitude. It screams “Don’t you know who I am?” And nothing, absolutely nothing, can ruin your chances faster, both in life or in business. This is a great lesson for us as traders. You … Read More

Are You a Pro or Piker?

BellaMike Bellafiore's (Bella's) BlogsLeave a Comment

There never was a moment, and never will be, when we are without the power to alter our destiny. I spent most of Easter immensely enjoying The War of Art by Steven Pressfield. For traders there is a wonderful section from which we can learn that defines the difference between being a professional and an amateur. We might say at … Read More

Is There Power in Negative Thinking?

BarryLGeneral Comments1 Comment

Is it productive to think negatively as a trader? Bobby Knight, National Collegiate Hall of Fame coach, thinks so. Coach Bobby Knight says that when he first started coaching one of the worst things he would hear was “It will be O.K.” Not only that, Knight says, as he did in a recent New York Times interview, that “the worst … Read More