The Education of a Trader: Trading on Tilt

Our friends at Tradeciety.com asked: How do you deal with emotions in your daily trading? What are your tips and suggestions that help you avoid, if possible, making emotional and psychologically caused trading mistakes. @MikeBellafiore Trading on tilt is the 800 pound gorilla on every trading station.  On our desk today there were a few desk slams in this $FB, Facebook, … Read More

What a Successful Trader Would Never Do

Mike, This was kind of a mixed week. Good. 1. I find the 2nd day trade makes the most sense to me. I pick the strongest stock of the day and then find two levels of support and outline my entry price, stop price, target, and size. So far so good. 2. I also found that I don’t pay as … Read More

The Wandering Trader: Answers Lie Within

I’ve been wanderin’ early late From New York City to the Golden Gate And it don’t look like I’ll ever stop my wanderin’ –James Taylor As traders we want to spot best practices and co-opt them for our trading. I offer one for your trading in this post from a trader on our desk. Let me set the scene. I … Read More

Enhancing Trader Performance with James Montier

*****David Blair, The Crosshairs Trader, is a blogger/trader/educator who does a wonderful job of sharing research on elite performance and how it relates to trading. Below is his latest post for the SMB trading community.***** — Editor’s Note If you are not studying the markets with those who study market participants you are missing out on a vitally important aspect … Read More

This Wasn’t a Good Week!

Mike, Hello. This wasn’t a good week. I made a lot of mistakes.   1. I didn’t stick to my plan and took several trades without a clear plan. 2. I felt anxious most days. I was aware, and did some exercises to clear my mind, but after the first losing trade, I lost my focus. 3. I feel frustrated … Read More

Trade Review: Early Exit & Trade Management

In this segment, Marc Principato, CMT, points out how the price action helped him exit this trade early. This is a trade taken with the EURUSD and it reveals flexibility and risk management when handling a difficult trade. Subscribe: http://bit.ly/utraderyt Help me write my book: http://www.unconventionaltrader.com Training Info: http://www.bit.ly/smbhome My analysis on TradingView.com: http://bit.ly/tviewprfle Twitter: http://www.twitter.com/marcpmarkets Webinar and Trade Review … Read More

Enhancing Trader Performance with Brett Steenbarger

*****David Blair, The Crosshairs Trader, is a blogger/trader/educator who does a wonderful job of sharing research on elite performance and how it relates to trading. Below is his latest post for the SMB trading community.***** — Editor’s Note In the past week Brett Steenbarger, well-known trader and psychologist, announced his return to the blogosphere from a multi-year hiatus. For years, Dr. Steenbarger … Read More