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
Traders Ask- Why the Discrepancy? (Midday Trading)
Bella, I have a question about trading midday. The lecture on times of the day (Day 15) seems to recommend giving extra room on the downside and the upside during midday trading: In most trades you need to give your stock a bit of extra room to both the downside and the upside. Your mentality is to find plays that … Read More
Traders Ask: Sizing
Hi Mike, just finished listening to your SFO seminar. I also finished your book last week. I can’t tell you how grateful I am for the abundance of trading lessons you provide on your blog. I have written you once in the past and you were generous to give me a timely thoughtful response. I have a few questions. Thxs … 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
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
Traders Ask: How Do You Determine Your Risk/Reward?
Hi Mike, Just finishing your book One Good Trade with this take away. I am determined to master the skill of ‘reading the tape’, believing that to be the golden key to my future success as an intraday trader. Thanks for infusing me with new motivation. One question. I’m a little confused about how to actually measure the risk/ reward going … Read More
Let’s Get Ready To Rumble
I received an email today from one of our trader/trainees. He was doing some prep work for earnings season and was interested in some feedback. Earnings season is the playoffs for professional traders. Each quarter during this period we are afforded additional trading opportunities with great risk/reward. It is essential that we are performing optimally during this time in order … Read More