Our Floor Manager asked our traders to develop their goals for 2013. One newb did so below. His works is educational for the new, experienced, developing and underperforming trader. A few comments: 1) Notice how self-aware this trader is of his strengths and weaknesses. Are you? 2) Your job as a trader is not to be right it is to … Read More
Should This Trader Make a Comeback?
Below is an interesting trading anecdote I received via LinkedIn. I asked the writer if I could share his trading experience with our community. He agreed. The names and places have been changed for compliance reasons and we have no interest in saying anything negative about anyone or any firm on this blog. What I find interesting about his note … Read More
A Trade to Master- $RIG
One of our new trainees from Thailand traded RIG yesterday and sent me a PlayBook on this trade. This was his Trade Management slide for the trade. There are some lessons here. 1) Great job being in the best stock yesterday for intraday traders, RIG. You are only as good as the stocks you trade. This was a stock with … Read More
I ripped it up. what now?
Hi Mike, It was a pleasure listening in on your webinar yesterday. Your book has been a great motivation, coming from the US Army I appreciate the clean-cut “straight to the point” approach; I’m looking forward to The PlayBook (March, I believe?). At 28 years old, I’ve been at the markets for only 2 years now; its a big obsession … Read More
Trend Trend Trade: An Example (RIG)
Mike, Greatly enjoyed your initial Playbook Series Webinar. I have a few questions: 1) What do you mean by a “trend-trend” trade? 2) You mentioned that you focus on trading “in play” stocks. Do you mean stocks with a known catalyst (e.g. earnings, guidance, takeovers, etc.) or are you referring to stocks appearing on the SMB Radar? 3) On a … Read More
Why I got long FDO
FDO gapped down and then made a sharp downmove on the open. I caught some of the downmove with a Momentum Trade. But then the momentum short was over and I had a decision. Do I look to trade $FDO for a bounce or for a continuation move? I chose the former and will explain w1hy. The market has been … Read More
Finding the Right Trading Product and Style
Mike-Great thought provoking post (The biggest question for a trader) as usual. Is there a way to determine what product and type of trading fits a trader? Does it really take trial and error? Has to be a better way….any insight here? Thanks BP @mikebellafiore Thxs for reading as always BP. 1) You can take a personality test and use … Read More
This is Who We Want to Train at SMB
I get asked daily who we want to train at SMB. This is a very serious question. I wrote about those we want to work with in One Good Trade. And also those who will fail. I took the responsibility of sharing who can make it and who won’t very seriously. But succinctly the young man below encapsulates exactly what we … Read More