It’s funny… we had a webinar yesterday and it demonstrated how many different ways there are to look at the markets. We are intraday traders yet there are so many distinct ways to intraday trade. Trade with the trend. Fade. Scalp. Momo trade. Swing trade. Slow movers. Stocks that sprint. Moving averages. No moving averages. Charts. Some charts. Reading the Tape. … Read More
Three Unique Traits of the Successful Trader
Seth Freudberg of the upcoming SMB Options Training wrote a recent blog on the unique traits of successful traders. stevenplace weighed in as well with his always brilliant thoughts. Seth paraphrased my answer to this question in his post and after reading my answer, I would like to offer a better answer, if that is acceptable. 1. Find the plays that … Read More
Traders Ask: Fake Order Flow?
Dear Bella, Thanks for writing your book as I’ve found it immensely useful! Regarding order flow, I’ve heard people saying that institutions and big traders place large buy orders hoping other traders bid in front of those orders. The institution will then sell those bids. In many ways it’s a game of cat-and-mouse that often goes unnoticed by new traders. … Read More
Becoming Attractive to Prop Trading Firms: Insights from Stockbee Blogspot
Dear Mr. Bellafiore, I just finished your book while on vacation in Cabo this week and was blown away. For the last several years I have wanted to get into trading professionally, but couldn’t make the move because I was not sure there was a system for learning and coaching that would help me get better, not just follow what the “superstars” … Read More
Choosing a Day Trading Simulator: Need Help?
Thanks for all the resources and knowledge that you share with the public. My 8:00 to 5:00 job makes it tough to find screen time and when I do, I often hesitate on entries. Google finds a long list of trading simulators, but could you offer a suggestion or two? We use LightSpeed’s simulator for equities. We have a proprietary … Read More
Traders Ask: Why Not Tick Charts?
Please pass on to Mr. Bellafiore that his book is the best one I’ve read on prop trading and on my top 10 of trading books, maybe top 5. 🙂 Not that would mean a hill of beans to him but regardless, it truly was an enlightening book. If he has a few minutes I do have a question to … Read More
The Weekend Review
A terrific exercise for traders is The Weekend Review. I received an example from one of our traders and thought it could offer some ideas for readers interested in starting or improving their Weekend Review. Over the weekend I went over my results for February. Lack of discipline in hitting out of my stocks, being stubborn, and breaking my own trading rules … Read More
Path to 1K Terminated
We challenged some of our newest traders to expect more from their results recently. We wanted to push them toreach for a goal just outside of their present ability. This is how you improve at anything. You push yourself beyond your comfort level for a new goal you are not quite good enough to obtain. Every night I asked these … Read More