Four Quick Ways To Get Better At Trading Usually, the “quick fix” implies fixing something, but only temporarily and in a fashion that won’t help long-term. Luckily for us traders, there are several quick things that we can do that can readily improve our trading. They are quick lessons in that they don’t take much time to grasp, but their … Read More
The Trading Elite: Discussions With Top Financial Traders
What do professional traders do day-in and day-out to beat the markets? What separates the amateur from the professional? Why is it that some traders make millions while others can’t even get their account into the green? Those are the questions I set out to answer when I decided to get in touch with several of the top financial traders … Read More
Discover Your Trading Style: Answering the Five Essential Questions
Too many traders falsely assume that there is one “correct” style of trading and that in order to become successful, they must simply copy the trading style of another successful trader. The reality, however, is that no two successful traders share identical trading styles. Far from being a cookie-cutter approach to understanding and exploiting opportunities in the markets, a trading … Read More
Five Things I Wish I Knew About Trading When I Started
Like any challenging pursuit with a steep learning curve, trading requires an incredible amount of determination in order to succeed. If we are successful, there is the temptation to look back to our beginning and to shake our heads at our combination of naiveté and the youthful enthusiasm that allowed us to overcome it. While reminiscing, we can also ask ourselves: … Read More
Trading Equities versus Eminis
Eminis are futures contracts for various indexes, commodities and currencies. Eminis have their own trading personalities just as equities, and just as GOOG trades differently than WMT, each of the Emini contracts has their own trading personality profile. There is no *right* market to trade just as there is no one trading style that meets the needs of all traders … Read More
Paying Attention to the “How” of Trading
Welcome to my first post on the SMB Blog. My first encounter with the team was reading Mike Bellafiore’s One Good Trade—and thinking that it was one of the best books ever written on trading. Most people who write about trading are trying to tell you what they do and how to become more like them. What makes SMB’s work … Read More
Trader Denial or a Good Time to Take a Break
I asked Dr. Andrew Menaker, trading psychologist, the following question: You have a trader, a very good trader, who struggles to start December. He writes you an email saying this market is garbage and his taking an extended leave. What is your response to such a trader? Dr. Menaker responded: While it’s true that market conditions do change, it’s also … Read More
Why Do I Trade Worse on Monday?
I read the comment below from a daily review from a trader with whom I work. I asked Dr. Menaker, trading psychologist, for his input. I have developed a pattern of being too aggressive (each week, a different kind of way, after I learned my lesson a prior week) on Monday’s. Today did not have to be aggravating. I could’ve … Read More