Hi, Mike! I asked for your advice about daytrader’s midday activity. What your young traders do tipically do during 12.00-14.00? I used to ovretrade during midday, so I decided not to trade at all during slow market hours. Can I do something useful for my trading game within two hours? Maybe rip through charts or watch some trading videos, … Read More
Traders Ask- How Do You Choose What Trades to Focus On?
Thanks for a great job on the blog. Also love Mike’s book. I just left a prop firm where i could only scalp Eurostoxx 50 futures (like dax or S&P500 futures) to trade stocks in play for my own money, since there are almost no props here trading stocks. I live in Stockholm (Sweden) and the Nordic equity markets … Read More
Traders Ask: Must I Learn Opening Drive Plays?
“I never think that there’s something I can’t do, whether it’s beating my opponent one on one or practicing another hour because something about my game is just not right.” Earvin Magic Johnson Hey Bella, Hope you are enjoying this gorgeous weather! I know you are probably being bombarded with e-mails because of your new book (which I am … Read More
Traders Ask- Now What?
Question: What do traders do for the rest of the day after they have been stopped out especially when it happens early in the day? Answer: Thank you for the excellent question. You trade on the demo. You make details notes in your trading journal about the set ups that ended as losers. You talk to others on the … Read More
Trader’s Ask: What Do I Gain From Video Recording My Trades?
I received this question from Reader Viktor: Hi, guys! I’m learning to trade, and i’m going to video record my tape. My questions are: what should i watch during my VRS of the tape? Bids, offers, size prints, mbe smth else? What exchanges should i watch in the box? During the trading day in active stocks among nyse, arca, inet, … Read More
Traders Ask: How to Recognize Real Order Algos
Yesterday we received an inquiry from a reader regarding algos. Read the inquiry below: Hi. I have been trading for nine years now and one of my biggest strengths is tape reading. However, the algo programs are absurd these days. How does the Gman distinguish real buying from some program just market making a stock? Also, it seems like the programs are more in … Read More
Traders Ask: How Much Capital Do I Need to Trade?
I’ve lost tremendous amounts of money in various markets and I think that that’s something that makes you better at my job, not worse. Jim Cramer I received this email from reader Danielle. My sense is that our blog readers would have strong opinions that would help Danielle. So I open up this blog asking for your advice to Dan. … Read More
Traders Ask: How Do I Work on My Stubbornness?
I received the following email from reader Brent: Dear Bella, I have followed SMB Capital since WSW on Mojo and have been following the blog for several months now. I am impressed by the quality of content that you guys release and it has helped my trading greatly. I am a remote trader for a prop firm and have been … Read More