On the Open

BellaGeneral Comments, Mike Bellafiore's (Bella's) Blogs4 Comments

Often new traders state, “I can’t trade the Open.”  And then they decide to just watch for the first 15 minutes of trading.  But doing this eliminates some easy money for you.  And understand it is not that you cannot trade the Open, it is that you trading the Open poorly.  But there are certain set ups that offer an … Read More

Learning to Let Go

gmanGeneral Comments2 Comments

One of our talented young remote traders sent me the following email a few days ago and I thought this was an important topic to address. Below is his email: Gman, I had a hell of a time with ACN this morning. There were a lot of screw jobs, and fake outs. The price action was very choppy and it … Read More

Tuesday Morning Fun – Excessive Celebration

gmanGeneral CommentsLeave a Comment

On our desk we frown upon excessive celebration after making one good trade. Many get in an excited mental state which causes them to make several bad trades in a row. One of our traders found this link this morning. This is clearly an example of excessive celebration. Wait for the score at the end of the clip. http://video.yahoo.com/network/100284668?v=4656506&l=4418225 Enjoy. … Read More

Hard Work Pays Off

sspencerGeneral Comments, Steven Spencer (Steve's) BlogsLeave a Comment

We asked about 8-10 of our core traders to work on their skill development during the past two months. These are guys who had been trading live anywhere from 8 to 16 months. They had all previously demonstrated a high level of profitability. But the market environment changed and they had to adapt. They had developed some bad habits because … Read More

A Traders’ Market

sspencerGeneral CommentsLeave a Comment

We spend a lot of time on our prop desk focusing on skill development.  Trading intraday requires a certain set of skills that take some time to acquire.  If you are given good training and work very hard you will develop a set of skills in 6 to 12 months that will allow you to make money in all market … Read More