Hi Mike, I was halfway through typing my question when I remembered a blog post similar to my original question: http://www.smbtraining.com/blog/how-do-you-determine-how-far-stock-can-move I was wondering if you’ve found any statistical information by back-testing the above since then. For me personally, I first find important support/resistance levels on a stock & after that do I then consider the likelihood of those support/resistance … Read More
How Do I Stay Big for the Real Move?
Dear Bella, I can not wait for The Playbook! I started “eating” everything on the SMB Blog six months ago and went though key haha moments thanks to what I learnt, which suddenly made me a lot more profitable (kind of wasted 2 years with useless teachers). So I started to build a playbook ( my Iphoto app became full … Read More
Should I Run My Trading Strategy Live?
Hi Bella, I was in the same position for most of last year and early this year, trying to work out what it is I need to be before I could consider myself as a solid trader. Now I find myself in another mental predicament. Which is when do you start believing that as a trader you have found the … Read More
Trade Review: $LINE
You can be better tomorrow than you are today! Mike Bellafiore The PlayBook One Good Trade No relevant positions
Are You Revenge Trading?
Hello Mike, I have seen and read many of your posts on the site where you offer traders advice and was wondering if you can offer me some advice. Little bit about me: I started trading 18 months with very little capital and was in a up-one-day/ down-next-day mode on my trading for over a year. Until about four to … Read More
What Does It Feel Like to Be a Pro Trader?
Good morning Mike, Happy Fourth of July to you and the team! Mike, I re-read your first book, One Good Trade and I really tried to focus on your writings and comments about trading psychology, and getting into the mindset of a professional trader. What I would like to know is this: when you get up in the morning on … Read More
Muscle Memory and Patience–Trading $ACAD
I like to say that stocks have “muscle memory”. There are several possible meanings for this expression: 1) A stock will repeat a strong move from a particular inflection point–this applies to both intra-day and daily levels; 2) A stock will move with a particular “cadence” intra-day that can be gamed to the trader’s advantage (or ignored to their detriment); … Read More
Forex Trading: Question The Market?
First I just wanted to announce that I signed my first book deal with Wiley and Sons which is a well known financial publisher. I am going to be writing a book about forex trading. Stay tuned for more info! One of the most helpful trading habits I learned over the years is how to question the market. Questioning the … Read More