Weekend learning lessons for traders from the prop desk – October 12, 2019

BellaBella Daily Update

Trading Psychology: Growing Your Trading Business (Dr. Steenbarger and Bella) Options Trading for a Living: You Can Become a Winning Options Traders If You Have These Qualities Risk Management: How to Smartly Increase Risk to Boost Trading Profits ($PTON) Momentum Stocks: Buying the Dip ($ROKU) Weekly Options: The Best Trade I Ever Made (US/China Trade War) *no relevant positions Important … Read More

How do I start the trading day green?

BellaBella Daily Update

A trader wrote to me seeking feedback on a trading problem he was having. Question to @MikeBellafiore … I noticed, that on most of my days I start in the red. The first couple of trades are usually losses and often I reach my set daily max loss before starting to see profits. What surprises me most, I usually recover … Read More

Are you overly negative, or ignorantly positive?

Merritt BlackFutures, General Comments, Trading Psychology

It’s the end of the trading session. You’re a good boy- so you’ve definitely journaled and now you’re ready to begin your post-market review. This is where things get interesting for me as a mentor. Let’s consider two traders: Overly Negative Nick, and Ignorantly Positive Pablo. They both made the exact same trade decisions that session, but let’s see how … Read More

SMBU’s Options Tribe Webinar: Steve Patterson of Stevepattersontrading.com: Understanding Institutional Business Models and Their Effect on Market Direction

smbcapitalOptions Education, Seth Freudberg's Blogs

When you understand the business models of the market maker, the floor traders, the mid- range bank prop firms , the large bank prop firms, the small and macro hedge funds as well as the huge mutual funds, you have a multi-dimensional view of why the market does what it does. Most traders fail due to lack of knowledge about the way the market participants actually make money and when you educate yourself to the reality of their business models you can see the markets through different eyes. Steve Patterson of Stevepattersontrading.com will be sharing his experience and understanding of what drives the markets on his debut appearances on the Options Tribe.