Yesterday I wrote a blog on how to use the ideas from others to add to your trading game. At SMB we share a lot of what we do so others can learn. Yesterday a Reader took exception to something that we have shared, our best AM idea. I had something that worked for me, but I have lost my conviction … Read More
Discovering Purpose Beyond Profit & Loss: A Trader’s Journey to Building a Community
From Guest Blogger Fred Barnes of The Downtown DC Day Traders…………. The inspiration to pursue an endeavor can come from a myriad of sources such as the lyrics in a song, a scene in a movie, or even from a blog. The latter being my source. It was July 2010 when I read the following words in a blog: “If … Read More
A Point of Clarification
We teach our traders/trainees/community to start thinking about the markets as we do. We make decisions based on three factors: Reading the Tape, Intraday Fundamentals, and Technical Analysis. We ask our desk to find the Stocks in Play. We ask our desk to trade intraday. It is our belief that this is the best way for a new and developing trader … Read More
We Are All So Different
It’s funny… we had a webinar yesterday and it demonstrated how many different ways there are to look at the markets. We are intraday traders yet there are so many distinct ways to intraday trade. Trade with the trend. Fade. Scalp. Momo trade. Swing trade. Slow movers. Stocks that sprint. Moving averages. No moving averages. Charts. Some charts. Reading the Tape. … Read More
Three Unique Traits of the Successful Trader
Seth Freudberg of the upcoming SMB Options Training wrote a recent blog on the unique traits of successful traders. stevenplace weighed in as well with his always brilliant thoughts. Seth paraphrased my answer to this question in his post and after reading my answer, I would like to offer a better answer, if that is acceptable. 1. Find the plays that … Read More
Traders Ask: Fake Order Flow?
Dear Bella, Thanks for writing your book as I’ve found it immensely useful! Regarding order flow, I’ve heard people saying that institutions and big traders place large buy orders hoping other traders bid in front of those orders. The institution will then sell those bids. In many ways it’s a game of cat-and-mouse that often goes unnoticed by new traders. … Read More
Becoming Attractive to Prop Trading Firms: Insights from Stockbee Blogspot
Dear Mr. Bellafiore, I just finished your book while on vacation in Cabo this week and was blown away. For the last several years I have wanted to get into trading professionally, but couldn’t make the move because I was not sure there was a system for learning and coaching that would help me get better, not just follow what the “superstars” … Read More
Choosing a Day Trading Simulator: Need Help?
Thanks for all the resources and knowledge that you share with the public. My 8:00 to 5:00 job makes it tough to find screen time and when I do, I often hesitate on entries. Google finds a long list of trading simulators, but could you offer a suggestion or two? We use LightSpeed’s simulator for equities. We have a proprietary … Read More