Morning Bella, I’ll try to keep this brief because I know you’re extremely busy. I just finished reading “Talent is Overrated” by Geoff Colvin along with “Mindest” by Carol Dewck and was interested to know what drives you and Steve to be successful traders and teachers? And where does your trading passion come from? Where did it start? Colvin talks about … Read More
Traders Ask: How Do I Stop Losing Money?
I get asked this question a lot. Here are my thoughts. There is not one thing to say that would make the difference. There are not a few things I could write that would make the difference. This question ties nicely into a conversation I had just a few minutes ago in my office with a mentee, which I will … Read More
Find stocks “moving away from prices”
In a mentee’s review yesterday he made this interesting point: – I really could have done a better job of taking advantage of the last move into the close.. I was too focused on that SFLY that wasn’t really moving away from prices and didn’t shop around enough for some longs for the close While waiting at the bar for … Read More
So You Say You Want to Be a Pro Trader
I’m the guy you pitch as to why you should be hired for your “dream job” as a trader. This whole trader recruiting thing is inverted. You should not be pitching me. My desk should be pitching you. But you need to do some work before this can happen. Like start developing a track record now! During a recent interview … Read More
Traders Ask: Is it Better to Trade Stocks in Play or a Basket?
Question: Greetings From The Great White North Bella, Just re-read One Good Trade again (it just keeps getting better) and I found myself asking the same question. Are we better to trade Stocks in Play that may be news to us but have momentum and/or should we be playing a basket of names which we have become familiar with. By … Read More
How you brand the best set ups in your trading mind
When I see mentees working hard and showing promise I ask them to send me a daily recap. Below is an excerpt from one such review: Overall I had an alright day, it could have been a lot better. I traded a few stocks very well and a few stocks a should not have been in at all, I was … Read More
A lesson from the Trader Expo
Back from the Vegas Trader Expo, which was a lot of fun. I presented at 8AM Friday. I started my presentation with, “I am very disappointed to see a packed house. It is 8AM. This is Vegas. I hope you are all just rolling in from last night :)” That is tough start time for Vegas. Heck it was a … Read More
This New Trader is Improving
I should facetiously title this post “The glamorous life of a managing partner”. Yesterday Leo, who runs our active trader college program, and I drove eight hours back and forth to Bentley U, arrived back home at 1am, woke up at 5AM to scoot to the airport for a 6:50AM flight to Vegas. We had a blast at Bentley … Read More