Working hard may be getting in the way of your trading success

You say: I want to be a professional trader.  I need to work as hard as I can to accomplish that goal.  I will outwork everyone at my firm or in my trading community. There is a problem here.  Catch it? To accomplish your goal working as hard as you can will not help you accomplish your goals.  That will … Read More

Happiness Precedes Trading Success Webinar

Many traders believe they will be happy after they become profitable.  In fact, first comes happiness, which then can dramatically propel elite performance. Enjoy the Webinar! *no relevant positions

Happiness precedes trading success

  Many traders believe they will be happy after they become profitable.  In fact, first comes happiness, which then can dramatically propel elite performance. Shawn Archer author of The Happiness Advantage, explains in this article Positive Intelligence: In fact, it works the other way around: People who cultivate a positive mind-set perform better in the face of challenge. I call … Read More

A formula for trading success from my TradersExpo presentation

Yesterday I presented at the TradersExpo in NYC: A study of 5 successful traders from our desk. (Above is a picture of me, chatting with traders after my talk.)  It’s important to study traders who have succeeded and learn from them as a trader and firm.  The successful traders provide inspiration for those striving and best practices to copy. We … Read More

My Preconceived Assumptions About Trading Success Were All False

In our SMBU Daily Video, Mike Bellafiore shares an exercise he held with his new traders today on the desk.  Mike asked traders what preconceived assumptions they had about trading success that were false.  This video and firm discussion was derived from a Peter Brandt quote from a presentation at Traders4ACause in Las Vegas this weekend. We hope the answers help … Read More

April 21, 2014 Locke In Your Success Weekly Market and Position Update

No relevant positions Risk disclaimer M21 purchase link http://smbcap.net/m21sale John Locke Be sure to visit our trading blog! www.lockeinyoursuccess.com And check out these great videos! May Group Mentoring Open House Part 1 May Group Mentoring Open House Part 2 Bearish Butterfly Trade Simulated March Bearish Butterfly Review M3 Trading Strategy May and June Bearish Butterfly Strategies Butterfly Trading with Deep … Read More

Enhancing Trader Performance: Overcoming the Fear of Success

*****David Blair, The Crosshairs Trader, is a blogger/trader/educator who does a wonderful job of sharing research on elite performance and how it relates to trading. Below is his latest post for the SMB trading community.***** — Editor’s Note Believe it or not the fear of success could be keeping you from succeeding. But isn’t success what we want? Why would … Read More

Three Unique Traits of the Successful Trader

Seth Freudberg of the upcoming SMB Options Training wrote a recent blog on the unique traits of successful traders. stevenplace weighed in as well with his always brilliant thoughts. Seth paraphrased my answer to this question in his post and after reading my answer, I would like to offer a better answer, if that is acceptable. 1. Find the plays that … Read More