I’ve been mostly daytrading for couple of years with not very impressive results. The last few months I decided only to paper trade and the results are pretty good. The problem is that I’ve done this before (trying to transition from successful paper to real trading) with disappointing outcome. That’s why I’m not that confident that this time it will … Read More
Be in Your Right Trading Culture
Hi Mike, I’ve just read your book, One Good Trade and have to say it’s left me more motivated than ever to continue improving my trading skills. Currently, I trade futures for a newer prop firm in Western US. Trading is what I’ve always wanted to do; I saved money working as a waiter to start trading options in my … Read More
Special Projects Returns
In The PlayBook I dedicate a chapter to the argument that pro traders should start early, even in college. One trader, Special Projects, and a review of his trade while interning at SMB, was highlighted as an example of starting early on your trading game. Trading is a skill, one that takes time to develop. You were not born a … Read More
We Want to Back Your Automated Trading Strategies
Hi Mike, I’ve been reading The PlayBook and saw a few mentions of SMB’s growth in the area of algorithmic trading. I am a programmer and have been working on some of my own trading algorithms. Right now I am building algorithms to work with (website redacted per request) but I’m finding some limitations with their platform (for example, it … Read More
Unleashing the Power of Professional Charting for Traders
Q: I’m getting ready for the DNA program. Going through what I have so far, I have two questions maybe you can advise me on: 1. Basic IT suggestions for hardware, RAM, processor, etc, for optimal performance off the computer to match what the SMB desk is doing. I’ve been using an Apple computer and now I (obviously) need to … Read More
I Am Worried About Dark Pools
RE: Should we be concerned with all of the volume being done on dark pools as retail traders? @MikeBellafiore SMBU recently sent a survey to the SMB Trading Community asking of their trading frustrations. From this survey we ferreted out the top five trading frustrations. Then we held a Webinar to offer solutions. Here is a link to that … Read More
This is a Detailed Trading Plan
Q: How many pages is typical of a sufficient detailed trading plan? And how might one go about SIMPLIFYING to focus on what matters most? @MikeBellafiore SMBU recently sent a survey to the SMB Trading Community asking of their trading frustrations. From this survey we ferreted out the top five trading frustrations. Then we held a Webinar to offer solutions. … Read More
Ask The Trading Doc: How Do I Take On More Risk?
Hi, Mike. Thank you very much for writing The Playbook. I thoroughly enjoyed it and my own playbook is coming together nicely. I’m curious if you have any thoughts on what a trader can do to shift their psychological skew from Afraid to Lose to Afraid of Missing Out? Is it just a matter of screen time and repeatedly/mechanically taking the A+ … Read More