Trading Psychology: How to Handle FOMO (Dr. Steenbarger)

Do you feel that FOMO (Fear of Missing Out) is crushing your trading PnL? That if you could just get a handle on FOMO you could become the trader you deserve to be. That FOMO is keeping you from a career as a trader and all of the rewards that come with it. Dr. Steenbarger presents in the video below, … Read More

How you can develop a trading hot streak

At SMB, our prop firm, we think a great deal about the best way to train new traders.  Our core business is training new traders into consistently profitable and then elite traders.  Since 2005, this has been our focus for our work. New traders go through an extensive training program before they ever trade firm capital.  We would never allow … Read More

6 critical trading lessons from crazy $CAR

These are crazy times to trade and $CAR was crazy for even this market.  This is what traders on our desk are saying about this market and this most recent $CAR trading opportunity. One elite trader at our firm in an AAR (After Action Report) to other select elite traders described these trading times this way: What a crazy time … Read More

This is what unprofessional trading looks like

Good Morning Mr. Bellafiore, I’ve been reading your book One Good Trade where you talk about traders doing exercises on exiting losing trades. This seems to be my main problem. I’ve had weeks where I’m up close to five figures then on one day give it all back and then some. Mainly because I get this deer in headlights feeling … Read More

2 Paths to Making More as a Trader (not one!)

I want to share an important lesson I have learned observing many elite traders.  It is a lesson that some have not yet learned as they seek to make more money.  It troubles me that some think there is only one path to make more money, when that is just not true. Let me share a recent anecdote on our … Read More

Give me your honest opinion (on my trading)

Mr.Bellafiore, I have been trading for a year and a couple of months now. In April of last year I began trading with (redacted), I enjoy trading with them and have taken their …. course. as well as other courses within their offering. This has been valuable to my trading in Identifying the Fundamentals. Recently, I began using Tradervue after … Read More

A Month of Trading Poorly is Too Long

A month of trading poorly is too long. During our recent monthly trader reviews, we made this point to three separate traders, on 3 different teams, with 3 different levels of experience, 3 different trading styles, and after 3 different month’s of production.  You do not want to be at your trading station reviewing your month and grade yourself poorly … Read More