After the close I had this discussion with some new traders: Expectations are so important in skill endeavors. What would be a great day for you? Making more is really about finding the plays that make sense to you and trading more of these set ups and with more size. There is no secret formula to this. Each person must find … Read More
An Opening Dive, a Pullback and a Breakout (RL)
We had excellent news from RL this AM: Here are some trades you might consider making your own: 1) Opening Drive. If RL doesn’t tick down on the open and their is protection on the bid, then pay the offer and play the momentum. 2) The Pullback. So you missed the opening drive and still want in with this RL. … Read More
First Visualize Yourself Being Great
Recently we shared an awesome video interview with legendary guitarist Steve Vai on how to become successful thanks to Z$. Reader Derek was so generous to shoot me an email on another gem from Mr. Vai (see below). Here Vai, like NCAA leading scorer Jimmer Fredette, preaches the importance of visualizing yourself being great as a catalyst to becoming great. … Read More
Triggering Elite Performance
Most of the trading literature teaches us to find ways to eliminate our negative emotions when we trade. At SMB we ask our newbies to make a list of things that may cause them to trade on tilt. Then we prescribe visuali-zation exercises to develop the emotional skill to eliminate and control these triggers. I had lunch recently with a world-class … Read More
Traders Ask: Sizing
Hi Mike, just finished listening to your SFO seminar. I also finished your book last week. I can’t tell you how grateful I am for the abundance of trading lessons you provide on your blog. I have written you once in the past and you were generous to give me a timely thoughtful response. I have a few questions. Thxs … Read More
SMB Welcomes a New Blogger- Seth Freudberg on Options
SMB is proud to announce the addition of a new trading educator to our blog. Seth Freudberg, a graduate of the Wharton School of Business, is the Director of the SMB Options Training Program (available in the Spring). He has mentored over 100 options traders and presented strategies to numerous traders throughout the world. Seth will be blogging about what … Read More
How to Be Successful (Steve Vai)
Thxs to Z$ 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
Traders Ask- Position Sizing (Part II)
Bella Responds I love the respect given with the Mr. Bella 🙂 If we start a 1/3 position then we are not as confident in the set up. We are searching for information that gives us more confidence. What factors would do so: a) the tape b) intraday charts c) long term technicals d) any important news that just hit … Read More