Last week I presented at #Stocktoberfest the @Stocktwits event masterminded by @howardlindzon. My presentation was titled: 8 Ideas from the Prop Desk to Improve Your Trading. Below is part 4 of the video series reconstructing my presentation.
In this video Mike discusses:
1) Larges losses an SMB partner was taking in afterhours trading
2) The importance of understanding your edge
3) The necessity to eliminate trades where you do not have an edge based on statistics
4) Even the best traders must eliminate some trades from their quiver
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Mike Bellafiore is the Co-Founder of SMB Capital and SMBU, which provides trading education in stocks, options, forex and futures. Bella is the author of One Good Trade and The PlayBook. He welcomes your trading questions at [email protected].
*no relevant positions