“Most people have no idea of the giant capacity we can immediately command when we focus all of our resources on mastering a single area of our lives.” — Tony Robbins The single biggest mistake I see new traders make is believing in the principle of more is better. The more news the better; the more time frames the better; … Read More
Where is my arc?
Guest Post from SMB Blog Reader Yaniv Hamo One of my favorite thinking exercises is about what it means to be living as opposed to merely exist. The essence of what separates the living from the grey masses. Working 9‐5, family and kids, watching TV and going on trips – does not make the cut. That’s what the masses are doing. … Read More
Are you a virtual trader in isolation?
Below is an email I received from a Romanian intraday trader involuntarily in isolation. 1) Great anecdote about a foreign trader finding their path. Enjoy the story. 2) Any ideas to help this trader escape isolation? 3) Any Romanian traders (or other virtual traders) wish to start a virtual trading group? Leave a comment below. Dear Mr. Bellafiore, I thank … Read More
Where would you have sold?
I received this email last night about an excellent risk/reward opportunity in PM. The SMB Reader below is asking all the right questions. But I ask you for a fun exercise. Where would you have sold? Hello mr. Bellafiore, Thank you very much for sharing your trades and ideas in SMB blog. I am reading it every day and it … Read More
One Good Trade ($PLCM)
I struggled with RVBD. I struggled in LRCX. Same with CREE. And ABT. And BAX. My EBAY trade did not work out as I expected. Nor CRUS. I was sitting in my office a few minutes ago talking to a frustrated mentee saying: “I cannot seem to make money in anything.” “Others around me seem to be making money except … Read More
The Inner Voice of Trading by Michael Martin
I have been anticipating the release of The Inner Voice of Trading for months now. In full disclosure Michael Martin is a friend of mine and I endorsed this project on the back cover. Also, Steve Spencer and I were interviewed for the book. With that out of the way my anticipation stirred mostly because this was a book from … Read More
I Cannot Hit My Losers
Dear Bella, I have been a fan of the work you all do here on the SMB Blog, bringing interesting and informative trading thoughts and ideas to us. You occasionally provide responses to readers’ questions so perhaps you’ll do the same for me. After a few years of part-time study and now seven months of full-time attention, I have reached … Read More
The Hunted
“They’re just hunting for stops!” says a frustrated trader as a position once in the money is now stopped out. I have been hearing this a lot on our trading desk. I heard GMan say it this open. I know I was thinking it last night. Definitely heard some guys who sit near me trumpeting this wall street cliche. We … Read More