In the article Book Takes a Look Inside Professional Day Traders, national columnist Joel Stein is spotted $100,000 to try his hand at professional intraday trading for one day. Matt Nadell, @tradecrushers, a guest blogger at SMBU Blog, in Chicago gives Joel a taste of the nerve-wrecking excitement that trading can offer while teaching him basics along the way. Highlights: … Read More
How to Bounce Back From Failure in Trading
This is one blog post that I hope you never have to read. Why? Because it’s all about failure. The word “failure” has tons of connotations. Shame. Guilt. Disappointment. Anger. These are things that we try to avoid at all costs. If the world were perfect, you would never run into failure in your trading career. I hope that you … Read More
Four Quick Ways To Get Better At Trading
Four Quick Ways To Get Better At Trading Usually, the “quick fix” implies fixing something, but only temporarily and in a fashion that won’t help long-term. Luckily for us traders, there are several quick things that we can do that can readily improve our trading. They are quick lessons in that they don’t take much time to grasp, but their … Read More
Five Suggestions for Traders
I was in my office today working on my next book The PlayBook when I got pinged with this from the trading community: Mike, what do you do when you’re a practicing trader, working, saving, and studying to begin trading live, and you feel your motivation begin to peter out. You have this goal but the road there seems like … Read More
Five Things I Wish I Knew About Trading When I Started
Like any challenging pursuit with a steep learning curve, trading requires an incredible amount of determination in order to succeed. If we are successful, there is the temptation to look back to our beginning and to shake our heads at our combination of naiveté and the youthful enthusiasm that allowed us to overcome it. While reminiscing, we can also ask ourselves: … Read More
Katz’s Korner: Do Traders Need More Testosterone?
I received this email from a new trader: You’re probably already aware of this correlation between testosterone and performance as it relates to trading. It’s interesting to consider though as direct empirical evidence for the notion that Division I athletes have a proclivity to be good traders, e.g., Adam Guren. It’s something I tried to keep in mind when I … Read More
The Good Trading Stress
When “professional stress” is your problem you are leaving the ranks of amateurs. Are you a stressed out day trader? I am and I couldn’t be happier. I have worked long hours to get to this point. I have spent literally tens of thousands of hours at the screen to attain this stress. Sounds crazy? I don’t think so. A … Read More
Give Yourself Time
Got back from a run. Yeah, this Georgia Tech campus is very nice. Had a mocha frappachino from Starbucks (I do not even know what that is and I unordered the size three times) to help with my 4am wake up call. Walked the room for my presentation. I like to get a feel for the room and see myself … Read More