Hello Bella I just finished reading ONE GOOD TRADE, and I loved it. I am different from the traders you talk about. I am retired and living off my pension, social security and making up the shortfall by trading in my IRA. Cramer didn’t work very well for me, neither did IBD nor, recently, Gil Morales. I hope it’s just … Read More
Is it time to quit trading?
Hey Bella, I’m a longtime reader of the SMB blogs. Trading from a home office, I miss out on all of the trading floor banter that I had when I was starting out. It is good to “connect” with other traders, even if it is only virtual. I read your book One Good Trade, while I was on Christmas vacation … Read More
What is your “move on” trading rule?
I received this review from a mentee after the close: Positives: traded well with the market. basically didn’t get short other than in-play stocks at the Open, didn’t have a short trade after 10:15 when the market established a clear uptrend. would add scalping lots to take advantage of small market leg-ups. good comeback after being down 120 on the … Read More
A Way to Find More A+ Trades
I received an end-of-the-year review from a trainee and his list of goals for 2012. It’s a great exercise for every trader and one that is supervised by our floor manager for our trainees. While reading one this norning I stumbled upon an important trading point that we have discussed some, many misunderstand, and might be able to improve your … Read More
Even One Trade A Day Can Be Over Trading
We had an interesting question the other day: What would be a reasonable range for total number of trades per instrument for an active intraday trader? And is there a different range for something like a stock-in-play vs. SPY or EUR/USD? I’m working on discretionary trading along with algorithmic strategies and I just want to gauge your opinion on when … Read More
What is your giveback rule?
Yesterday in a daily trading review a trainee wrote with disgust about giving back too much of his early profits. I really hate what I did today… basically gave back 90% of my net on the day by trading like a jackass. It just started with one bad trade and snowballed into a few more, and before I knew it, … Read More
A Conversation With Young Small Cap
This is a conversation I had today with a trainee about doing better in non-small-cap stocks. This mentee had previous success with small cap stocks while in college. During an end of the year review he made some observations and wanted to discuss them with me. Young Small Cap is an example of the very best of the people I … Read More
How do you develop conviction as a trader?
Hey Bella, I’m a relatively new trader as I’ve been trading for a little over a year now. The best plays that have the highest win-ratio for me are scalp plays. My question is, how do you know when you have enough conviction to act to execute, or consider executing, a trade on a specific stock? I understand every trader … Read More