Bella, I am a huge fan of One Good Trade. Currently, I am wrapping up The Playbook. My friend and mentor put me onto One Good Trade after I had expressed interest several months ago in trading, and I have fallen in love with the profession. My desire is to become an intraday trader, but I want to go about … Read More
The education of a trader: The PlayBook
mikebellafiore In my second book, The PlayBook, I advocate archiving a favorite setup from each trading session. After each close, choose a best setup from the session that fits your trading style. Reverse engineer the variables of that trade. Archive this trade in a comprehensive format, perhaps like the SMB PlayBook. As traders we should build from our strengths, … Read More
The PlayBook Released in China (and a lesson for traders)
The PlayBook was just released in China! I want to thank my good friend Naida Liu for the translation and finding a Chinese publisher. Naida also translated One Good Trade into Mandarin and hopefully it will be released as well. For those who do not know, the Chinese markets are considering new trading rules to allow for short-term trading. They … Read More
A News Pattern Trade: Full Year Beat or Miss
I am a pattern trader. Technical pattern trader. Tape pattern trader. News pattern trader. Whatever the pattern that makes sense to my trading brain, my risk preferences and trading sweet spot that gives me an edge in the market. For the patterns that make the most sense to me I build a PlayBook. One play in my PlayBook is the … Read More
Lessons from an Aspiring Moldova Trader
It is always so interesting and exciting to me to receive notes from aspiring traders all over the world. As much as we complain and carp about our markets, they are still the best in the world. Those worldwide want access to our trading opportunity. It reminds me of Churchill’s famous quote: “It has been said that democracy is the … Read More
“Best Stock Trading Book I Have Read, Easily”
E. Ottens recently wrote a glowing review of The PlayBook for Amazon. We thought you would like to see it: The second-best was Bellafiore’s first book, One Good Trade. I’ve worked at a prop firm for a couple of years and have been consistently profitable for the last nine months. I would advise anyone considering this as a career to … Read More
Sign Up for Our Free Trading Webinar: How to Achieve Your Trading Goals for 2014
“You can be better tomorrow than you are today!”– Mike Bellafiore, The PlayBook At SMBU we asked our trading community to share their trading goals for 2014 with us. If you have not shared your trading goals for 2014 with us, please consider sharing them here. I made a list of my goals in a recent post, Seven Goals for This Trader … Read More
What are Your Trading Goals for 2014? Share Them Here
Happy New Year! An exercise we ask all of our prop traders in NYC to complete at this time of the year is: Trading Goals for 2014. And then our prop traders will work with their mentors on a plan to achieve these goals. At SMBU, we would love to hear from you about your trading goals for 2014 and … Read More