Today, SMB Co-Founder and noted author Mike Bellafiore returns to the Options Tribe to share his observations about the habits that sustainably great traders develop as they progress in their trading careers on a proprietary trading desk.
ENHANCING TRADER PERFORMANCE: IS PSYCHOLOGY REALLY IMPORTANT?
I am often asked what I consider the most important indicator when managing a trade from start to finish. My answer has nothing to do with a chart or any system trading indicator associated with it. My answer? Psychology. From personal experience, I consider trading to be 100% psychological. All of our choices, from the type of price chart employed, … Read More
Enhancing Trader Performance: Deliberate Trading
*****David Blair, The Crosshairs Trader, is a blogger/trader/educator who does a wonderful job of sharing research on elite performance and how it relates to trading. Below is his latest post for the SMB trading community.***** — Editor’s Note The principles espoused in the concept known as deliberate practice can greatly benefit the trader who wants to take his or her … Read More
Enhancing Trader Performance with Daniel Kahneman
*****David Blair, The Crosshairs Trader, is a blogger/trader/educator who does a wonderful job of sharing research on elite performance and how it relates to trading. Below is his latest post for the SMB trading community.***** — Editor’s Note Traders who study disciplines outside of technical analysis have a distinct advantage over those who do not. Knowing why we think better … Read More
Enhancing Trader Performance: Risk Versus Uncertainty
*****One blogger/trader/educator who does a wonderful job of sharing research on elite performance and how it relates to trading is David Blair, The Crosshairs Trader. Below is his latest post for the SMB Trading Community. We hope you enjoy!***** — Editor’s Note Do traders manage risk or uncertainty? Is there a distinction between the two? Does it matter? When we … Read More
How to Be Successful (Steve Vai)
Thxs to Z$ from “These Guys are Good” in One Good Trade for sharing this video from star guitarist Steve Vai on how to be successful. Musicians and traders share the same pursuit of becoming an elite performer. Highlights of Steve’s inspiring advice to all those who want to become successful on how to become great: 1. Identify with what … Read More
Stealing from Jimmer Fredette
Jimmer Fredette is considered one of the leading candidates to be named Naismith College Player of the Year. I watched him play last night against SDSU. What a treat to watch someone with such advanced skill compete in an important game. Recently I caught his interview on PTI (below) and was struck by his training practices to become one of … Read More