They say that fatherhood changes everything and I can confirm that it does. At 42 my life changed completely when Luke entered the world. How you ask? My downtime is gone. After work I used to enjoy some downtime with Hardball, PTI and the Yankees. Now as soon as I walk in the door, I get the immediate hand-off from … Read More
A Trade from a PlayBook Reader
An SMB reader, who is not on our desk (yet?), read The PlayBook and was inspired to co-opt a particular concept for her own trading. We encourage all our readers to develop a methodology for your trading. Building a PlayBook of the trades that make the most sense to you is that methodology. Here is her PlayBook trade. Mike Bellafiore … Read More
Mike Bellafiore Goes to Singapore as a Phillip iFest Mentor
Well-renowned trader and author, Mike Bellafiore, will be in Singapore for one weekend only to share his trading methods at the Phillip Investment Festival (iFest) 2013. Bellafiore is the author of the “trading classic” One Good Trade, and co-founder of SMB Capital, a proprietary trading firm in New York City. Bellafiore is also the co-founder of SMBU, an educational company that … Read More
Trade Review: $LINE
You can be better tomorrow than you are today! Mike Bellafiore The PlayBook One Good Trade No relevant positions
Are You Revenge Trading?
Hello Mike, I have seen and read many of your posts on the site where you offer traders advice and was wondering if you can offer me some advice. Little bit about me: I started trading 18 months with very little capital and was in a up-one-day/ down-next-day mode on my trading for over a year. Until about four to … Read More
The Term “Day Trader” Should Not Exist
I received this note from a pissed short-term trader: You could probably do a blog post on the term “daytrader”…….i.e., how this is negatively perceived by the majority outside of trading…..and even some within trading. Daytraders are portrayed as reckless, void of knowledge, gamblers, and somehow the piranhas of the trading community. Pisses me off. Which why I also do … Read More
Can You Achieve a 20% ROI as an Average Trader? Unveiling the Truth
Dear Mr Bellafiore, I have recently started listening to your book One Good Trade. It is simply an excellent book that has a structure and discipline all to its own. A recent friend recommended the book which I am very grateful for. I am 53 years old, and after working in the home building business, I’m ready to try something … Read More
What is the Best Personality Type for a Trader?
An email I recently received: Hi Mike, Thanks for your beautiful blog. I am one of your many blog followers and find it very insightful. My question is this: from your experience, what is the best Personality type (Myers-Briggs – MBTI test) for the pursuit of trading ? Is there a type that have the biggest potential for success at … Read More