“Clip that!”: Maximizing your best trading

Thank you to Dr. Steenbarger for sharing this article on how and why the Warriors excel in the 3rd quarter.  The coaches prepare video clips from the first half, during the first half, of the team playing at their best.  Coaches instruct video staff to “Clip that” of best plays and prepare it to be watched at half-time by the … Read More

Do you train traders who do not make it?

A trading friend on twitter asked: and then followed up with: @MikeBellafiore Of course we have traders who do not make it with our trading desk and transition into a new job.  One thing very important to our firm is to “love them on the way in” and “love them on the way out”.  When someone is not successful on … Read More

Are there less opportunities in this market into the close for traders?

A reader asked: Hello Mike. I have been involved in trading for a number of years and follow your youtube channel with interest. A quick query when you have some time. Going back a few years, the main ‘focus’ for trading (mainly using the tape) was on the open and the first hour of trading. Then also the last hour … Read More

Trade your PlayBook for improved consistency

I received this email from a trader: Hi Mike, Terrific piece yesterday on trader development. You have a wonderful way of clarifying things. Step 1. Build your playbook of trading ideas   Step 2. Become consistent trading these plays. I have come across the word “consistent” more and more frequently but have never fully grasped just how important it is. Dr. … Read More

Rules for high conviction trades

During a daily review a developing trader tackled his system for re-entry with high conviction trades. In his words on his high conviction IBB breakout trade, expressed with LABD: (LABD) Was one of my larger picture ideas for the day. Was using this 3X leverage ETF to play the IBB breakout. IBB looked positioned for a breakout on the daily … Read More

Trading lessons from Happy Hour

We held a traders Happy Hour last night for our proprietary trading firm. Some of the new hires having a blast asked how often we hold Happy Hours.  And I thought, “What we don’t cover this during recruiting?”  Note to HR. Rooming the room to check in on everyone a few trading lessons emerged: Traders were gathering and discussing new … Read More