Hi Mike, First of all I would like to thank you for writing The Playbook! I’m not quite through it, but I’m already finding it extremely helpful and valuable. I wanted to share some challenges i am currently having regarding a situation where there is conflict between certain rules I follow for establishing when to close a position and one … Read More
From The PlayBook: Reasons2Sell
Here’s our latest excerpt from The PlayBook. It comes from Chapter 3: “The Day Knight Capital Almost Fell (A Support Play)”. The chapter begins with a question: “How Do You Know When to Sell a Winning Position?” Dear Mike, I recently read One Good Trade and found it a quality read relative to all other books I’ve read. It has been … Read More
Using ATR With Your Trading
Hi Mike, I just spent the entire weekend finishing reading The Playbook and I just wanted to grovel at your feet a little bit. I loved it. OGT was my favorite trading book ever, and this book is an absolutely perfect companion. As a lonely trader doing it on my own, every time I read one of your books I … Read More
How Do I Take the Next Step as a Trader?
Mike, I know you’ve heard it many times. It’s like telling a model that they’re attractive. 🙂 But, you guys put out some very informational items. Every other day, I listen to “How badly do you want to be successful?” Very inspirational! The one thing I suggest is writing something on the level of knowing when to increase your size. … Read More
What is the Best Market to Start With?
As a beginning trader, is there a market that is best to start with? @mikebellafiore I was asked this question during a recent Webinar “Trading Fundamentals: Things Great Traders Do and Never Do”. In a perfect world I like the idea of new traders trying all products and multiple time frames before choosing one. I am not sure this is realistic … Read More
Is This Trader Overtrading?
Q: Mike – so since scalping is dead, can you explain how Shark has hundreds of trades a day? (What I saw in the Playbook from his results on SMB ChopTracker)? Is it basically he takes a low risk entry and then is just adding and subtracting to his position with the ebbs and flows of the tape? Just curious so I … Read More
Can You Overthink While Trading?
The cycles of trading. Do we get worse sometimes if we overthink and get too caught up in things? @mikebellafiore I was asked this question during a recent Webinar “Trading Fundamentals: Things Great Traders Do and Never Do”. Gr8 question! Yes, traders can over-think. I sat in our conference room yesterday with one of our brightest traders who has been … Read More
The Scalable Trader
Hi, I attended the 2nd Day session with Mike during Ifest Singapore 2013. I am blown apart by the depth taken to create SMB trading protocols and the rational behind them. I was particularly pleased with Risk allocation technique created by Mike (that was simply brilliant). A sample can be seen here (http://www.smbtraining.com/blog/did-you-trade-well-part-i). For the first time, I am … Read More