The Healthy Happy Trader

BellaBella Daily Update

Justin spero

We noticed one of our developing traders on our proprietary trading desk in NYC looking crestfallen.  I asked to speak with him privately off the trading floor. Why was this trader so dejected? The trader had built signals that alerted him to a trade.  He misread the signals and took the trade short when the signals indicated long.  The trader … Read More

An age-old trading problem to solve

BellaGeneral Comments

There is a trading problem traders sought to solve when I started trading. (We don’t have to mention when that was if that is okay with you). There is a trading problem new traders needed to solve when we started our firm in 2005. There is a trading problem some new traders on our desk need to solve today. In … Read More

Timeless Advice for New Traders…Scalp!

BellaBella Daily Update

My timeless trading advice for new traders is….scalp.  Okay, let me explain why. What I heard too often  During a recent team monthly trader meeting, I heard too often something that I wasn’t crazy about.  I was particularly not so thrilled hearing it from the younger traders.  While I wasn’t so thrilled, this did offer an opportunity to set expectations … Read More

Why not YOU? Why not you TODAY?

BellaBella Daily Update

My son and I have been watching the Yankees playoff games fanatically.  And we have started our only little inside cheer.  This cheer is similar in words and in spirit to what I often cheer to our promising new and junior traders. This inside cheer started during the regular season.  It started with us rooting for unproven players. You might … Read More