I have been anticipating the release of The Inner Voice of Trading for months now. In full disclosure Michael Martin is a friend of mine and I endorsed this project on the back cover. Also, Steve Spencer and I were interviewed for the book. With that out of the way my anticipation stirred mostly because this was a book from … Read More
The Hunted
“They’re just hunting for stops!” says a frustrated trader as a position once in the money is now stopped out. I have been hearing this a lot on our trading desk. I heard GMan say it this open. I know I was thinking it last night. Definitely heard some guys who sit near me trumpeting this wall street cliche. We … Read More
Do You Learn as Much as This Trader Did Last Week?
The author below is quickly becoming one of my new mentees to watch. As a student of elite performance there is so much right about this email. The work. The concentration on improvement. The self-reflection. The detail to his learning. The depth of it. New and developing trades too often seek to copy the trades of that big trader. It … Read More
The Inner Voice of Trading (an excerpt)
Steve and I have both read and are in the excellent new book from Michael Martin, The Inner Voice of Trading. Below is an excerpt that FT Press was gracious enough to share with our readers. We have been tweeting about this book of late. The Inner Voice of Trading has started with terrific reviews here. Last week it cracked … Read More
Someone Else’s Trading Cannot Fix Your Trading
I was on a call yesterday with an experienced trader who wants to do better. I also had a long talk this week with some new traders who want to do better. Finally, I received a ton of emails this month from developing traders who all want to do better. The above will never end. My most important task with … Read More
Traders Ask: Why did I struggle this month?
Dear Mr. Bellafiore, I am a daily reader of the SMB blog and I also really enjoyed your book. I have e-mailed you a couple of times before, and I respect your opinion greatly. I am writing because I am currently going through a difficult time with my trading. I started trading at the beginning of 2009, and have been … Read More
An idea to help improve your trading
Today we had an SMB Tradecast reviewing a play for the SMB PlayBook. A trainee records their best trade of the day in our SMB PlayBook template form and then sends me and the desk the trade. I choose the plays that I want to review for future SMB Tradecasts. An idea was shared that you might was to co-opt. … Read More
Why I covered JBL at the bottom :)
JBL was on the minds of most intraday traders around me this AM. It was mentioned in our SMB Training AM Meeting. Before the open I ask traders around me what they will be trading. Adam? Sammy? Andrew? Jeff? Peter? Tarhini? All but one did not mention JBL as one of the top three stocks on their screens. We opened … Read More