No relevant positions Risk disclaimer
If Trading Stresses You Out, Change Your Perception
I see it all the time, income traders battling a trade at any cost. Sitting there hour after hour, day after day completely stressed out; using too many resources and taking on way too much risk just so they can win. It’s as if their life depends on winning the trade. This usually happens because the trader is attaching some … Read More
Your Beliefs Are Your Reality, Choose Them Wisely
I was answering some questions at a trading seminar a while back and a trader stood up and said, “It’s impossible to average more than 12% per year on a portfolio”. I said “OK” and went on to the next person. After all it wasn’t a question so what else was I to say. Apparently, I missed something because he … Read More
What statement are you making with your trading?
I talk to traders all over the world and it surprises me how many “high probability” or “market neutral” traders don’t realize that they are making a statement with their position. By making a statement I mean whenever you enter a position, you are defining the conditions under which you will win and which you will lose. For example, when … 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
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
Trading Quote of the Day – November 13, 2013
The Trading Quote of the Day has to be from this pro trader who sent me an e-mail about a point I made during a Webinar we did last night with BigMikeTrading. He wrote: We’re just a flea on (the) back of (an) elephant going for the ride. You can see the entire e-mail and its context below. Hey Mike, … Read More
10 Steps Ahead of the Market
Hi Mike, How’s it going? Hope your family and trading have been well. I am improving as a trader. These days I am net positive month on month. However, I’m still not elevating my performance to the level I want it to be. It’s frustrating because I know I’m capable of so much more. I want to get my brain … Read More