When are you trading too big? Recently, while heading outside for a trading break, a developing trader stopped me near the elevator. He gave me a progress report on a new strategy that he was running. I love it. It is unique. He has backtested the strategy and it has edge. No one else on the desk is trading it. … Read More
I just need to eliminate my ehh trades
Last night, I was reading the review of one of our traders, Trader A, who wrote, “I just need to stick to my plays that make me money (ETRM, TWTO, GLYC) and just faze out those ehhh ehh trades, I will become very consistent and very profitable.” To Trader A, I responded, ” When u say get rid of ehh … Read More
SMB Trading Lesson of the Week – Rehearsing the Open Before the Open
Watch Mike Bellafiore, author of One Good Trade: Inside the Highly Competitive World of Proprietary Trading (Wiley), in our new video series SMB Trading Lesson of the Week for StockTwits U. This week we discuss: Rehearsing the Open Before the Open. We hope you enjoy! Don’t forget to follow us on Twitter!
Traders Ask: What Should I Do Midday?
Hi, Mike! I asked for your advice about daytrader’s midday activity. What your young traders do tipically do during 12.00-14.00? I used to ovretrade during midday, so I decided not to trade at all during slow market hours. Can I do something useful for my trading game within two hours? Maybe rip through charts or watch some trading videos, … Read More