During a weekly review one of our developing traders wrote: Summary: It was an ok week P&L wise but it should have been a much better week given the opportunities we had in the macro plays. With the SPY breaking key support level, there were many ETFs that were In Play e.g. GLD, GDX, FAS, IYR and the TLT. I wasn’t properly … Read More
S&P Trend Change In Effect
Marc Principato, CMT conducts price action analysis on S&P 500 CFD, EUR/USD, GBP/USD and AUD/USD for weekly setups. [purehtml id=32] Subscribe:http://www.bit.ly/utraderyt Subscribe to my Youtube channel: http://www.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
Your Trading Brain Makes No Distinction Between Trading Live and Mental Rehearsal
Hi Mike. Is it ok if we archive a play even if we didn’t execute it well, we didn’t make money, or even if we didn’t saw the pattern live? Or do you recommend only add the plays we were actually in and we did at least a little well? @mikebellafiore Gr8 question! In The PlayBook I recommend for all … Read More
What Are You Going To Do With That Anger?
During our midday meeting with our College Training Students and new traders I noticed one new trader quite upset. He was so upset it was uncomfortable for me to look at him. Was he upset at the firm? Something I had just said? Himself? Having to sit in this meeting during market hours? When traders get upset is an upset … Read More
Did You Trade Well? (Part II)
On Twitter I received this question: Does the success of ur day hinge on ur PnL, or proper execution? By 1 std I failed 2day, the other = success cc @MikeBellafiore @MikeBellafiore At SMB we do not define success or failure by our P&L but by whether we traded well. At the close we do a detailed trading review of how … Read More
Did You Trade Well? (Part I)
On Twitter I received this question: Does the success of ur day hinge on ur PnL, or proper execution? By 1 std I failed 2day, the other = success cc @MikeBellafiore @MikeBellafiore At SMB we do not define success or failure by our P&L but whether we traded well. At the close we do a detailed trading review of how well … Read More
Super Stocks In Play
Hi Mike, Nicely done tonight… You spoke about stocks in play briefly. I am not sure I heard the definition properly for a stock in play. Is the selection a function of Volume only which is +/-3% of overnight volume? Could you briefly define a stock in play? Thanks, Jim @mikebellafiore Thxs for attending our Webinar last night. In The … Read More
My Favorite Candlestick Pattern
Before I get into my favorite candlestick pattern, I want to first mention that I am in the process of writing a book about forex trading for Wiley & Sons. I want this book to be one that will actually help you improve your trading skills. So I am not writing what I think be beneficial to you, instead I … Read More