I’m writing this post for one of the most gracious traders on my desk who should be in more of these plays, SWANG (also a character in The PlayBook). He is a terrific tape reader, scalper, and intraday trader. I can see him doubling his P&L by mastering this trade. I made a Price Spike Fade Trade in PAY yesterday … Read More
How Do I Stay Big for the Real Move?
Dear Bella, I can not wait for The Playbook! I started “eating” everything on the SMB Blog six months ago and went though key haha moments thanks to what I learnt, which suddenly made me a lot more profitable (kind of wasted 2 years with useless teachers). So I started to build a playbook ( my Iphoto app became full … Read More
Should I Run My Trading Strategy Live?
Hi Bella, I was in the same position for most of last year and early this year, trying to work out what it is I need to be before I could consider myself as a solid trader. Now I find myself in another mental predicament. Which is when do you start believing that as a trader you have found the … Read More
Are You Revenge Trading?
Hello Mike, I have seen and read many of your posts on the site where you offer traders advice and was wondering if you can offer me some advice. Little bit about me: I started trading 18 months with very little capital and was in a up-one-day/ down-next-day mode on my trading for over a year. Until about four to … Read More
What Does It Feel Like to Be a Pro Trader?
Good morning Mike, Happy Fourth of July to you and the team! Mike, I re-read your first book, One Good Trade and I really tried to focus on your writings and comments about trading psychology, and getting into the mindset of a professional trader. What I would like to know is this: when you get up in the morning on … Read More
The Term “Day Trader” Should Not Exist
I received this note from a pissed short-term trader: You could probably do a blog post on the term “daytrader”…….i.e., how this is negatively perceived by the majority outside of trading…..and even some within trading. Daytraders are portrayed as reckless, void of knowledge, gamblers, and somehow the piranhas of the trading community. Pisses me off. Which why I also do … Read More
A Trader from Israel is Pleased
I wanted to share this terrific email I just received from an enthusiastic reader (and trader) of my first book, One Good Trade. Frankly, it’s emails like this that make all the hard work that goes into writing a book worthwhile. @Mikebellafiore Hello Mike, I just finished reading your first book One Good Trade, and as one who is already … Read More
How Do I Find a Firm to Back My Trading?
Hi Mike. I’ve been a long-time reader of your blog and not only love your analysis of the markets, but also how you always point out the hard work it takes to be a great trader. I’ve been trading full time for four years now. I started trading equities based on fundamentals, lost $2k in six months. I read about … Read More