Bella discusses an anecdote about a great automated trader who was formerly a failed discretionary trader. In this video Bruce Bower discusses decision making from his visualization series. Latest Blog Posts Hopeville: Where Traders Go To Die There are times when I am required to give a mentoring student some tough love, because it’s important for me to convey, immediately, … Read More
Don’t Lose the Trade Before You Enter It
Trading is similar to playing sports at an elite level, they‘re both mentally demanding. In fact it is quite common in sports for a highly gifted athlete with a compromised mindset to lose miserably against a much less talented competitor utilizing the proper mindset. Trading is the same way. You can know everything about charting, indicators and options. You can … Read More
Lesson 2: Trading Is Peak Performance
Continuing the series Seven Lessons I’ve Learned, I wanted to talk about the right lens or framework for understanding trading. Is it “combat”, is it a “sport”, or is it “a treasure hunt”? All of these are valid metaphors for describing some aspect, but I don’t feel that it captures the essence of the activity. Instead, peak performance is the … Read More
Options Trading for Income with John Locke for November 17, 2014
No relevant positions Risk disclaimer
Lesson 1: Trading is Decision Making
Lesson #1 : Good trading is about good decision-making Last week, I wrote up seven lessons that I’ve learned about investing and trading over the past few years. That was an overview of some of the more interesting and surprising things that I’d come across in my journey in the markets. As a continuation of this series, I’m going to … Read More
Options Trading for Income with John Locke for November 10, 2014
No relevant positions Risk disclaimer
Ideas from the Prop Desk to Improve Your Trading – The Partner Rips (Video)
Last week I presented at #Stocktoberfest the @Stocktwits event masterminded by @howardlindzon. My presentation was titled: 8 Ideas from the Prop Desk to Improve Your Trading. Below is part 4 of the video series reconstructing my presentation. In this video Mike discusses: 1) Larges losses an SMB partner was taking in afterhours trading 2) The importance of understanding your edge 3) … Read More
Unlocking Trading Ideas from the Prop Desk: A Trader’s Treasure Hunt for Edge (Video)
Last week I presented at #Stocktoberfest the @Stocktwits event masterminded by @howardlindzon. My presentation was titled: 8 Ideas from the Prop Desk to Improve Your Trading. Below is part 3 of the video series reconstructing my presentation. In this video below Mike discusses: 1) The importance of reviewing your past trades to find your trading edge 2) The value of learning … Read More