How to handle those miserable trading slumps and large losses (Top Senior Prop Trader teaches you) You can try this surprisingly simple Options Trading strategy for monthly income 6 steps to improving your trading patience and discipline 20 habits to become a highly profitable trader AM Meeting: How to prepare to trade the open Trading Psychology: Every elite trader has … Read More
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
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
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
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.