“If I increase my stop then I will start making money.” This just might be the single silliest thing I have ever heard a trader say. No “trading is in my genes” is. I will offer a path to profitability to consider. Look there is no one right way to achieve your goal but there are definitely wrong paths. Adding … Read More
Collaborative learning and your trading
I received this email last night about using collaboration as a way to improve learning. this is Sam H, from a while back. Anyway, let Mike know that UMBC (University of Maryland, Baltimore County) is using the collaborative method your training involves. My review of the book (One Good Trade), as you may remember, spoke to this kind of learning as ideal. I … Read More
Add a Little Nuance
Hi Mike, hoping to borrow just a bit of your time for another trading question. I continue to find that the most difficult part of trading is deciding when to take off a winning trade. I believe the problem is that I am not confident and decisive enough in my plan when I enter trades. When it comes to my … Read More
Traders Ask: Are you concerned when a fellow desk member is on the opposite side of your trade?
Dear Mike, I just recently applied to SMB, and as my interest was piqued, I decided to do more research by reading your book. I was instantly hooked. It cleared up a lot of my misconceptions and, to be honest, made me feel a bit abashed about some of the answers I put down in the application. At the same … Read More
SMB at Georgia Tech
Watch Mike Bellafiore, Author of One Good Trade, lecture at Georgia Tech about the skills needed to succeed as a trader in the future. The title of this presentation is called The New Franchise.
Are you a virtual trader in isolation?
Below is an email I received from a Romanian intraday trader involuntarily in isolation. 1) Great anecdote about a foreign trader finding their path. Enjoy the story. 2) Any ideas to help this trader escape isolation? 3) Any Romanian traders (or other virtual traders) wish to start a virtual trading group? Leave a comment below. Dear Mr. Bellafiore, I thank … Read More
Where would you have sold?
I received this email last night about an excellent risk/reward opportunity in PM. The SMB Reader below is asking all the right questions. But I ask you for a fun exercise. Where would you have sold? Hello mr. Bellafiore, Thank you very much for sharing your trades and ideas in SMB blog. I am reading it every day and it … Read More
One Good Trade ($PLCM)
I struggled with RVBD. I struggled in LRCX. Same with CREE. And ABT. And BAX. My EBAY trade did not work out as I expected. Nor CRUS. I was sitting in my office a few minutes ago talking to a frustrated mentee saying: “I cannot seem to make money in anything.” “Others around me seem to be making money except … Read More