Hi Mike, I just spent the entire weekend finishing reading The Playbook and I just wanted to grovel at your feet a little bit. I loved it. OGT was my favorite trading book ever, and this book is an absolutely perfect companion. As a lonely trader doing it on my own, every time I read one of your books I … Read More
How Do I Take the Next Step as a Trader?
Mike, I know you’ve heard it many times. It’s like telling a model that they’re attractive. 🙂 But, you guys put out some very informational items. Every other day, I listen to “How badly do you want to be successful?” Very inspirational! The one thing I suggest is writing something on the level of knowing when to increase your size. … Read More
What is the Best Market to Start With?
As a beginning trader, is there a market that is best to start with? @mikebellafiore I was asked this question during a recent Webinar “Trading Fundamentals: Things Great Traders Do and Never Do”. In a perfect world I like the idea of new traders trying all products and multiple time frames before choosing one. I am not sure this is realistic … Read More
Is This Trader Overtrading?
Q: Mike – so since scalping is dead, can you explain how Shark has hundreds of trades a day? (What I saw in the Playbook from his results on SMB ChopTracker)? Is it basically he takes a low risk entry and then is just adding and subtracting to his position with  the ebbs and flows of the tape? Just curious so I … Read More
Can You Overthink While Trading?
The cycles of trading. Do we get worse sometimes if we overthink and get too caught up in things? @mikebellafiore I was asked this question during a recent Webinar “Trading Fundamentals: Things Great Traders Do and Never Do”. Gr8 question! Yes, traders can over-think. I sat in our conference room yesterday with one of our brightest traders who has been … Read More
The Scalable Trader
Hi, I attended the 2nd Day session with Mike during Ifest Singapore 2013. I am blown apart by the depth taken to create SMB trading protocols and the rational behind them. I was particularly pleased with Risk allocation technique created by Mike (that was simply brilliant). A sample can be seen here (http://www.smbtraining.com/blog/did-you-trade-well-part-i). For the first time, I am … Read More
Warm Up Your Trading Brain
During a weekly review one of our developing traders wrote: Summary: It was an ok week P&L wise but it should have been a much better week given the opportunities we had in the macro plays. With the SPY breaking key support level, there were many ETFs that were In Play e.g. GLD, GDX, FAS, IYR and the TLT. I wasn’t properly … Read More
Your Trading Brain Makes No Distinction Between Trading Live and Mental Rehearsal
Hi Mike. Is it ok if we archive a play even if we didn’t execute it well, we didn’t make money, or even if we didn’t saw the pattern live? Or do you recommend only add the plays we were actually in and we did at least a little well? @mikebellafiore Gr8 question! In The PlayBook I recommend for all … Read More