Question: Gents, ‘ve been looking a lot at volume lately and would appreciate your insight. Would it make sense or enhance our trading if a trader used a chart that showed at what past price most of the volume occurred at during a particular timeframe. For example if over a bar of 5 minutes a stock moves from 8.50 to … Read More
First Visualize Yourself Being Great
Recently we shared an awesome video interview with legendary guitarist Steve Vai on how to become successful thanks to Z$. Reader Derek was so generous to shoot me an email on another gem from Mr. Vai (see below). Here Vai, like NCAA leading scorer Jimmer Fredette, preaches the importance of visualizing yourself being great as a catalyst to becoming great. … Read More
Triggering Elite Performance
Most of the trading literature teaches us to find ways to eliminate our negative emotions when we trade. At SMB we ask our newbies to make a list of things that may cause them to trade on tilt. Then we prescribe visuali-zation exercises to develop the emotional skill to eliminate and control these triggers. I had lunch recently with a world-class … Read More
How to Be Successful (Steve Vai)
Thxs to Z$ from “These Guys are Good” in One Good Trade for sharing this video from star guitarist Steve Vai on how to be successful. Musicians and traders share the same pursuit of becoming an elite performer. Highlights of Steve’s inspiring advice to all those who want to become successful on how to become great: 1. Identify with what … Read More
Traders Ask- Position Sizing (Part II)
Bella Responds I love the respect given with the Mr. Bella 🙂 If we start a 1/3 position then we are not as confident in the set up. We are searching for information that gives us more confidence. What factors would do so: a) the tape b) intraday charts c) long term technicals d) any important news that just hit … Read More
Why Am I Getting Stopped Out More? (Part IV)
During Part I, Part II, and Part III of this series we identified a new algo on the desks of more traders that may be causing us to get stopped out more. For Part IV let’s offer some solutions. Some ideas from SMB Readers: Trade instruments wich are more liquid or trade on a higher timeframe. Cheers, Markus This is an … Read More
Traders Ask; Position Size of 1/3?
Question: I basically swing trade. I always try to put on a position in 1/3’s. How does that work daytrading? Is there time to do a position that way? I like to have another good entry point to add to a trade. How is that possible in a daytrade. Maybe I just am not used to that fast of a … Read More
80/20 Rule
Do you ever think about a company and critique what they can do better? There are steps they could take to make themselves twenty percent better and you have found the path. We are clients to some who could do things better and we have the answers. But the question becomes what do you do with this information. And what I … Read More