I received this email recently: Hello. This is a retail level trader with almost 3 years of trading experience in s&p mini futures. During those grueling 3 years, I’ve suffered nearly 25k in losses, most during the 2008 crash where emotions got the best of me. Since then, I have learned the importance of risk management and now I am at a point where my … Read More
From the Prop Desk: Adjustments to Your Trading
One our new traders sent me this outline over weekend for his trading. Excellent work by him working on his game over the weekend (even if he is a Heat fan). Below are my comments to his adjustments. One of his suggestions is so cutting edge this is worth your review. Adjustment Plan for current environment Volume Decrease average trading volume … Read More
Traders Ask: How Do I Make Adjustments?
I received the following email from trader Angel: Hey Mike! I hope that my email finds you well. I have topic that may benefit some other readers as well. It’s about re-inventing the wheel. Back in april and early may I was trading very well. I had multiple $1,000 days and even a $3,000 day. However, when the volatility increased … Read More
Trade2Hold- Important Intraday Level (breaks uptrend)
Bella discusses a Trade2Hold in Visa yesterday below a significant intraday level
Adapt to Survive High-frequency Trading – SFO Magazine
Mike Bellafiore, partner at SMB Capital, wrote an article for SFO Magazine, titled “Adapt to Survive High-frequency Trading”. In the article, Mike discusses the effect High Frequency Trading (HFT) has had on the markets and the changes short-term traders need to make to adapt. Read the full article here and feel free to leave your comments on this blog. Don’t … Read More