In this video, Mike Bellafiore discusses why you shouldn’t judge your trading day by your P&L but rather all the small wins within your routine that lead to your trading success over the long run.
Why Do Short Term Traders Make Predictions?
As short term traders we must make a lot of decisions in a short period of time. Some might think we are making predictions. In this video, Steve Spencer discusses this idea in detail.
Formulating A Trading Plan: $YELP
In this morning’s AM Meeting I discussed a recent shift in my approach to trading momentum stocks as we have seen signs that bottoms are forming. In the second half of the video I share my intra-day trading plan for YELP: where it made sense to get long based on recent price action as well as a potential failure area … Read More
The Term “Day Trader” Should Not Exist
I received this note from a pissed short-term trader: You could probably do a blog post on the term “daytrader”…….i.e., how this is negatively perceived by the majority outside of trading…..and even some within trading. Daytraders are portrayed as reckless, void of knowledge, gamblers, and somehow the piranhas of the trading community. Pisses me off. Which why I also do … Read More
A Turning Point?
There is no doubt with earnings season over there will be very little in the way of news flow for the bulls to hang their hats on for quite some time. With seemingly negative news out of Europe every day and instability in the Middle East and the Korean Peninsula there are opportunities for sellers to hammer the market on … Read More
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