You develop an idea before the open. No, you develop an awesome trading idea before the open. You wait for the entry and take it. You get stopped out. And then the stock does EXACTLY what you thought it would. So this is the part where some would tell you to be calm and “trade in the zone”. Who are … Read More
Weekend learning lessons for traders from the prop desk – November 10, 2019
I have been off the grid the end of this week and weekend, attending Tony Robbins’ Unlease the Power Within. I found Tony’s priming technique particularly useful to add as a strategy for myself. A constant theme at the seminar was “no one ever became great without a coach, mentor or teacher.” This would be true for all the top … Read More
Minimizing Damage on Your Worst Trading Days: 5 Ideas to Keep Your Trades on Track
Hi Mike, I’m a DNA member and really enjoyed your book One Good Trade. I have a problem’s with about 5-6 days a year that are big loses. Really hurting my annual results. Thoughts on best practices….Do you recommend a platform that will cut me off? Thoughts? @MikeBellafiore Recently, I asked one our consistently profitable traders his plan to make … Read More
Weekend Learning Lessons for Traders from the Prop Desk – November 3, 2018
We closed out a very opportunistic October this week seeing some traders we work with have enormous success. One elite trader, with whom I work with closely, surpassed 1 million in net profits. Another made over 500k in the bounce off SPY 260 and the China/US trade war. Another had his first six figure month, doubling down on collaboration with … Read More
Weekend learnings lessons for traders from our trading desk
You are a developing trader aspiring to be an elite trader. They have it all figured out you think. You can’t wait to acheive their level of success so you can stop worrying about all the nonsense in your trading, all the terrible trading in your trading. I am furtunate to coach elite traders at our firm and a select … Read More
The issue that might be holding you back as a trader
You make a profitable trade and then groan that you were not big enough. If you could just trade your best trades bigger, you would make much more! But then you also find an A+ setup (your favorite trades), put on max risk, take a loss, and then grumble that you should have lost less. I certainly have been there. … Read More
8 Keys to Profiting as a Trader During Volatile Market Conditions
There is soooo much opportunity during volatile market conditions and you are not capturing it. You hear stories of how much money traders are making. And you are not one of them. This can be *very* frustrating. I hear this from traders of all levels when they are not cashing in when volatility jumps. Often the reason is their approach … Read More
Weekend learning lessons for traders to improve your trading
You want to start improving as a trader, but you are not sure how to. And the weekend is a perfect opportunity for you to work on improving your trading, but you are not sure where to start. Moreover, the market has been extra volatile this past week and you are not sure how to attack it responsibly. You know … Read More