Wait a minute… we’ve still got another two and a half months until the end of this year, why are we talking about getting ready for next year? The pro traders on our desk are already preparing their goals for 2017. Proper preparation is a never-ending process that requires you to be thinking ahead. Even the top performing traders know how … Read More
30 trading habits in 30 days- monthly goals
Welcome back to our new series 30 trading habits in 30 days. Today we share habit #9- Set monthly goals. I spoke at Pace University today (picture above) and spent an hour lecturing on what it is really like and what is really important to become a successful trader. Doing a monthly review is one of those non-glamorous musts that … Read More
Congratulations On A Solid Trading Month! Now What Are Your Monthly Goals to Improve?
In our SMBU Daily Video, Mike Bellafiore shares an exercise he held with his new traders today on the desk. Mike asked our new traders to share one of their monthly goals. In this video you will learn: Some of the monthly goals from traders on the desk. Mike shares an email he sent to a High Performing Trader who made … Read More
Be Careful What You Wish For
Whenever I’m considering working with someone, I always ask a series of questions. One of the questions I ask is “Why are you trading?” I bet it wouldn’t shock you to find out the number one answer is “I want to make more money!” which is the wrong reason by the way but I accept it and continue on. My … Read More
Less is More
As I sit here looking at the 400 emails I’ve gotten this morning, I’m reminded of the massive amount of information we need to sift through on a daily basis and how all that information affects our journey as traders. I grew up with the belief that” knowing everything I could know” about a subject was a good thing. After … Read More
How Memory Affects Your Trading
The emotions we feel and the actions we take are largely dependent on how we remember things. This is because we use our memories to learn. We might think something like “I remember the last time this happened. I did that and got a favorable result, therefore I will do that again.” The challenge however, is that our memories aren’t … Read More
Training for Trading Success
Think back to the last time you experienced the opportunity to watch a world class performer, someone who really put on an amazing show. It doesn’t matter whether it was a musician, a sports athlete, an actress, a doctor or a business owner. When you see one of these performers in action, you can’t help but admire their skills. It … Read More
Harness the Power of Your Emotions
As humans we make decisions based on emotions. Of course we sometimes use logic change our decisions but our initial decision, and the one we are most likely to act upon, is always based on emotion. This is because our emotions are much more powerful and react much more quickly than our logic. Therefore, our emotions quickly send us down … Read More
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