Seth Freudberg of the upcoming SMB Options Training wrote a recent blog on the unique traits of successful traders. stevenplace weighed in as well with his always brilliant thoughts. Seth paraphrased my answer to this question in his post and after reading my answer, I would like to offer a better answer, if that is acceptable. 1. Find the plays that … Read More
Is Trading Your Passion? (a Quiz)
I’m often asked what I most look for in a future trader. I answer, “A passion for the markets.” I advise all who receive an invitation to join our firm to politely decline if you do not have a passion for the markets (they may have tricked us 🙂 ). I implore those considering trading as a profession to spend some … Read More
You Gotta Have A “Plan B”
Each morning we hold an AM Meeting at SMB to discuss the Stocks In Play as well as the bigger picture including global markets, unusual activity in commodities, and the US markets via the SPY. If a particular type of “day structure” is likely to occur that will be discussed as well. This morning with global markets humming and the … Read More
Improve Your Performance by Watching Yourself
One of our traders read our blog post last night on improving your performance by watching and shared some interesting additional data. This comes from the book One Second Thought: Outsmarting your Mind’s Hard-wired Habits by Wray Herbert. Psychologists used to think that perception and movement were two completely separate process, lodged in different regions of the brain. The common … Read More
Traders Ask: Am I Too Old to Trade?
I have read this book and am incredibly inspired. Without going into further details, would you say age is a barrier to becoming a prop trader? At some point is one past the age where the skill set is present? Let me say that I am 50, have a fulltime job and am up 35% YTD and 140% off … Read More
SMB Trading Lesson of the Week – Rehearsing the Open Before the Open
Watch Mike Bellafiore, author of One Good Trade: Inside the Highly Competitive World of Proprietary Trading (Wiley), in our new video series SMB Trading Lesson of the Week for StockTwits U. This week we discuss: Rehearsing the Open Before the Open. We hope you enjoy! Don’t forget to follow us on Twitter!
The Next Classic Trading Books
Traders’ Library has found the next generation of recently published books that belong on every trader’s bookshelf. They include The Daily Trading Coach by Brett Seenbarger, Technical Analysis Using Multiple Timeframes by Brian Shannon, and SMB’s One Good Trade by Mike Bellafiore. You can find the list of soon to be classic trading books here.
Tadas Viskanta of Abnormal Returns TV Talks Trading with Bella
Yesterday, Mike Bellafiore, author of One good Trade: Inside the Highly Competitive World of Proprietary Trading appeared on Tadas Viskanta’s Abnormal Returns show featured on StockTwitsTV to discuss Bella’s new book and Market Stories. Watch the clip below and feel free to leave your comments on this blog. Abnormal Returns appears on StockTwits TV every Thursday at 8pm EST so … Read More