Mike, I recently read an interview you gave in YTE magazine a few years ago. I subscribed online and have been reading previous interviews etc. Your interview offered some great perspective to a new trader like myself. Although I work full time for a REIT here in PA, I am absolutely obsessed with trading and wanting to be the best … Read More
How Do You Know When to Sell a Winning Position?
Dear Mike, I’ve recently read One Good Trade and found it a quality read relative to all other books I’ve read. It has been immensely helpful as am currently full time employed and am at a point where I am thinking that that trading full time could be an option, provided I can become consistently profitable and have the confidence … Read More
How Do You Distinguish a Good Trade From a Loser?
Hi Bella, I just read your recent post talking about the “All-In” trade on the SMB blog. Although my trading experience is limited (less than 3 years), I have on occasion seen these types of SEE IT trades. The most recent example was this past Friday in $LIFE. I know Steve kept the community in the loop that day & … Read More
You are not a consistently profitable trader YET
I made a mistake the other day. I told someone from SMBU that everything he touches gets better. I demotivated him with my words. I have written in a past blog post, Do Not Say Practice, about the power of language to motivate traders. This idea was discovered from the work of Dan Coyle on his blog The Talent Code. … Read More
I am All-In (a new trade)
I have been thinking about a new trade, I am All-In. I have been thinking about this trade for a few years and how it would work. One of my guys during his review after the close on Friday is working on it. Let’s start by reading his review (edited). I went for it with an A+ trade. I had … Read More
Breakout Trade in GS- A Preview for our Webinar
This is a text book example of a Breakout Trade with GS above 139.50. We call this an Opening Range Breakout Trade to be most exact. With HFTs these trades do not work as well as they did in the past. When a stock has fresh news and the level is huge then this breakout trade is more likely to … Read More
Five Ideas for Your Trading Future
Dear Mike, My name is (deleted at e-mailer’s request) . I have written to you a couple of times over the past few years and have always found your advice helpful. You even were nice enough to give me a call a year or two ago after I had sent you an e-mail asking for advice. I am a fan … Read More
Can Touching Improve Your Trading Performance?
There is a wonderful blog I just found Barking Up the Wrong Tree that focuses on performance. One research report was recently cited on the power of touching and enhanced performance that I found interesting to our game of trading. In a paper due out this year in the journal Emotion, Mr. Kraus and his co-authors, Cassy Huang and Dr. … Read More