During our midday meeting with our College Training Students and new traders I noticed one new trader quite upset. He was so upset it was uncomfortable for me to look at him. Was he upset at the firm? Something I had just said? Himself? Having to sit in this meeting during market hours? When traders get upset is an upset … Read More
Did You Trade Well? (Part II)
On Twitter I received this question: Does the success of ur day hinge on ur PnL, or proper execution? By 1 std I failed 2day, the other = success cc @MikeBellafiore @MikeBellafiore At SMB we do not define success or failure by our P&L but by whether we traded well. At the close we do a detailed trading review of how … Read More
Did You Trade Well? (Part I)
On Twitter I received this question: Does the success of ur day hinge on ur PnL, or proper execution? By 1 std I failed 2day, the other = success cc @MikeBellafiore @MikeBellafiore At SMB we do not define success or failure by our P&L but whether we traded well. At the close we do a detailed trading review of how well … Read More
Super Stocks In Play
Hi Mike, Nicely done tonight… You spoke about stocks in play briefly. I am not sure I heard the definition properly for a stock in play. Is the selection a function of Volume only which is +/-3% of overnight volume? Could you briefly define a stock in play? Thanks, Jim @mikebellafiore Thxs for attending our Webinar last night. In The … Read More
Steps to Profitable Short-Term Trading
The first step we cover during our interviews with candidates for a position in our NYC office is a series of questions designed to discover a trader’s motivations and goals for entering the business of short-term stock trading. As we cover the questions, we recommend you write them down on a separate sheet of paper and answer them for yourself … Read More
The Daily Gratitude Exercise
The above is from a slide for my last presentation at an 800 plus event. This exercise has had a profound impact on my trading and trader mindset. Let’s explain the Gratitude Exercise which you might co-opt for your trading. Each day find time to close your eyes and replay three things for which you are grateful. During the … Read More
Get a Trading Coach Already
There is little evidence of anyone competing at the highest levels without critical feedback, coaching, and mentoring (coaching is what happens in real-time and mentoring after the close). I received this e-mail yesterday that can teach us about the power of trader coaching and education. Dear Mr. Bellafiore, I wanted to send you a quick email to thank you … Read More
What Do You Wish You Knew When You Started, Your Favorite Book and Setup?
Mr Bellafiore, I want to thank you for taking the time to read this email. I know you likely receive innumerable emails each day and reading and responding to them takes a considerable amount of your time. As a busy trader and a managing partner of your own firm, time is likely your most valuable asset, so the time you … Read More