S&P 500 and major currencies have reached major resistance levels but don’t be so quick to short. — Marc Principato, CMT, Risk Disclaimer *No Relevant Positions
Try Not To Do The Heavy Lifting in Trading
What I mean by this title is that once buyers (or sellers) have become committed to a move in a stock, there tends to be a general “bandwagon effect” as more and more people believe in a general change in trend, either to the long or short side. Let the big guys with much more money than you and me … Read More
Ask The Trading Doc: How Do I Take On More Risk?
Hi, Mike. Thank you very much for writing The Playbook. I thoroughly enjoyed it and my own playbook is coming together nicely. I’m curious if you have any thoughts on what a trader can do to shift their psychological skew from Afraid to Lose to Afraid of Missing Out? Is it just a matter of screen time and repeatedly/mechanically taking the A+ … Read More
Can You Manage Your Swing Trade Loss Like This?
Taking losses is part of the game. Learn what you can do to minimize them, Subscribe: http://bit.ly/utraderyt Help me write my book: http://www.unconventionaltrader.com Training Info: http://www.bit.ly/smbhome My analysis on TradingView.com: http://bit.ly/tviewprfle Twitter: http://www.twitter.com/marcpmarkets Webinar and Trade Review Archive: http://bit.ly/archpge
The Trading Technology You Must Have
Mike, I’m in the first day of the equities foundation course and I have a quick question: What trading software is currently being used for intraday? Is this something that I get access to through SMB? Thank you! @mikebellafiore We use proprietary trading software Gr8 trade. It is only available to our in-house traders on our prop desk in NYC. … Read More
From The PlayBook: Trade a Bigger Account
This latest excerpt from The PlayBook comes from Chapter 9: “Iceman: No Guts, No Glory”: — So let’s say that now you can risk 30 percent of your intraday stop loss and hold for the real move. Next you want to get even bigger. At this point, most incorrectly focus on adding share size. So if 5,000 was your biggest position, you … Read More
Are You Flexible?
Flexibility in trading has to be one of the most difficult concepts to master when going through the learning curve. I remember much earlier in my learning process when I was stubbornly committed to a particular trading style that I was learning from a chatroom that shall remain nameless. Looking back, the style was complete nonsense but at the time … Read More
S&P New Trend or New Range?
The markets are coming out of holiday mode. What are important levels for the upcoming week? — Marc Principato, CMT, Risk Disclaimer *No Relevant Positions