mikebellafiore In my second book, The PlayBook, I advocate archiving a favorite setup from each trading session. After each close, choose a best setup from the session that fits your trading style. Reverse engineer the variables of that trade. Archive this trade in a comprehensive format, perhaps like the SMB PlayBook. As traders we should build from our strengths, … Read More
The PlayBook Released in China (and a lesson for traders)
The PlayBook was just released in China! I want to thank my good friend Naida Liu for the translation and finding a Chinese publisher. Naida also translated One Good Trade into Mandarin and hopefully it will be released as well. For those who do not know, the Chinese markets are considering new trading rules to allow for short-term trading. They … Read More
A News Pattern Trade: Full Year Beat or Miss
I am a pattern trader. Technical pattern trader. Tape pattern trader. News pattern trader. Whatever the pattern that makes sense to my trading brain, my risk preferences and trading sweet spot that gives me an edge in the market. For the patterns that make the most sense to me I build a PlayBook. One play in my PlayBook is the … Read More
Lessons from an Aspiring Moldova Trader
It is always so interesting and exciting to me to receive notes from aspiring traders all over the world. As much as we complain and carp about our markets, they are still the best in the world. Those worldwide want access to our trading opportunity. It reminds me of Churchill’s famous quote: “It has been said that democracy is the … Read More
“Best Stock Trading Book I Have Read, Easily”
E. Ottens recently wrote a glowing review of The PlayBook for Amazon. We thought you would like to see it: The second-best was Bellafiore’s first book, One Good Trade. I’ve worked at a prop firm for a couple of years and have been consistently profitable for the last nine months. I would advise anyone considering this as a career to … Read More
Sign Up for Our Free Trading Webinar: How to Achieve Your Trading Goals for 2014
“You can be better tomorrow than you are today!”– Mike Bellafiore, The PlayBook At SMBU we asked our trading community to share their trading goals for 2014 with us. If you have not shared your trading goals for 2014 with us, please consider sharing them here. I made a list of my goals in a recent post, Seven Goals for This Trader … Read More
Should You Develop Process AND Performance Goals for 2014?
Hello Mike, I hope you have had a happy holiday and great end of the year since last time I saw you in Phoenix earlier this year. I have been working on creating 2014 goals for my portfolio but I ran into a problem that maybe you can advise on. The main goals consist of having certain % returns or … Read More
Breaking Through as a Trader
Hi Mike, Firstly, I just want to say thank you for your Webinar yesterday for the Big Mike Forum. I’m sure you’re ridiculously busy, but if you have a moment to answer one question, I would greatly appreciate it. You mentioned an SMB trader that needed to take a break in the summer and was able to turn things … Read More