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 have the perfect plan.

Lesson 2: Trading Is Peak Performance

Lesson 2: Trading Is A Peak Performance Activity
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”?

The Great Automated Failed Discretionary Trader (video)

The other 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.

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, to a trainee when I spot a trading quality that is so destructive that he has virtually no chance of surviving as a trader unless he rids himself of that trait.

I have a mentoring student named Robert who is a very good guy and deeply committed to improving

SMBU’s Options Tribe Webinar: Frank Fahey, Optionvue Systems, International: The anatomy of a broken wing butterfly

This week, Frank Fahey returns to the Options Tribe to break down the  broken wing butterfly and  examine its  margin, skew and directional  considerations.

SMBU’s Options Tribe is an online community of options traders dedicated to sharing successful options trading ideas with all of our members worldwide.

Avoiding Losers (And Winners)

*****David Blair, The Crosshairs Trader, is a blogger/trader/educator who does a wonderful job of sharing research on elite performance and how it relates to trading.

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.

Selling the News in a Strong Stock (video)

Last week in our AM Meeting I outlined a classic short term trading setups often referred to as “Sell The News”.

How to Become a Prop Trader

Mr. Bellafiore,

I will keep this as short as possible, as I know you are extremely busy. To ask my question, I must give you some background information about myself. I just finished your book, One Good Trade and I am truly inspired. I graduated from school in May. I did not graduate from an Ivy League school, or with a 4.0.