SMB Trading Lessons of the Week – October 19, 2014

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In the video below, Mike Bellafiore is interviewed beforeFriday’s open by Benzinga to discuss his pre-market prep.

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Higher Volatility = Higher Trading Expectations

I love the idea of you experimenting with a giveback rule. It has been awhile since I have written about this. From your example above, stopping yourself out for the day when you dip below $100 is an excellent idea. Also, you are seeing a pattern in your trading. You tend to give back money at just short of $200 for the day…Read More

Anatomy of a Rip

I have made this same mistake myself. If you haven’t you will. This year one of our experienced trader took a 6k rip (large loss) doing exactly what Trader Chris did above. I took one for a bit more.I love how Trader Chris wants to learn from this mistake. His solution is to improve his attention to detail…Read More

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