I had a wonderful conversation with a retail trader who has read 194 trading books. Wow! This gentlemen has a passion for trading and reading about trading. I was actually speaking to him about our firm backing his trading. He has developed a track record while working full-time in the Heartland. For those of you trading retail who dream of … Read More
Should You Quit Your Job to Trade?
Dear Mr. Bellafiore, Hello my name is Jeffrey, first off I’d like to thank you for the information in your book “one good trade” it’s been very helpful. I’ve been day trading for 2 1/2 years now. I can’t trade stocks because of my work schedule but do take advantage of the Future and Currency markets. I’ve come to realize … Read More
Today I Will Trade Big!
An experienced trader stepped into my office frustrated with me. He wanted to know why I questioned his position size in a $TWTR breakout trade. The exchange we had offers a lesson on getting bigger as a trader for the trading community. First, let me say that I loved this trade position in $TWTR. And I loved that he was … Read More
Trade with a True Catalyst
Often new and retail traders do not trade stocks with a true catalyst. By a true catalyst, I mean an event that will cause significant new buying or selling. Said another way, price moving buying or selling. The new trader and retail trader wonder: Why the heck is my stock not moving like I thought? The answer may be because they … Read More
How Do I Start Trading?
Hello Mr. Bellafiore, I just read an article/post from you, and I think you are one of the few out there who know what they are doing and not after the quick buck. I’ve wanted to be a trader for close to 15 years. I’m 41 now, and I still have this desire. I never quite could get my head around … Read More
How Long Does a Trading Slump Last?
Hi Mike, Would like to know how long does a trading slump normally last? And how does one know trading is not their cup of tea or doesn’t suit one person? Thanks in advance. @mikebellafiore Trading slumps depend on your trading style and skill level. Scalpers, a trader who trades off of order flow or Reading the Tape, like Pippen … Read More
Slow Down! The Challenge of Newness to Trading
Traders want to become Steve Cohen TODAY! This can lead to starting too fast for all levels of traders at all different stages of their careers. My advise based on experience working with pro traders in NYC? Slow down! At our firm we hire experienced discretionary and quant traders with a track record. We fully back the traders taking all … Read More
Trading Made Easier- $SSYS $THOR
Trader Development has started for our newest class of traders. After they complete the SMB Foundation, they trade live and take Trader Development. We are making a special effort with this class to keep things simple. If you were teaching someone to play basketball would you teach them first how to make turnaround 3 point shots? No you would have them … Read More