Everyone talks about discipline, but do you know what the key ingredient of sustainable discipline is? It's not will-power. It is a form of confidence. I've previously defined three
"Plan the trade, and trade the plan!" is perhaps the most common advice given to traders. As far as advice goes, it's well meaning, but unfortunately falls well short
With 18 years of trying different things and hearing from others I made an important discovery that has shaped me as a trader and a coach. What I found is
One of the most common things I hear from new coaching clients, and in emails I receive from other traders asking for advice is often some variation of: "My
After a big move like yesterday, emotions naturally are stronger. On days like today - the day after, the propensity to trade in response to our P&L is much
If you consider yourself to be a discretionary trader, even with 'rules', what does that really mean? The definition of discretion is the ability, the power, or
Over the 17 years I’ve been involved in trading and working with all types of traders, I’ve seen four types of profitable discretionary traders. The first type of
The following is an excerpt from an article in Naval Institute magazine – there’s a lesson not only for navigating a ship, but for traders too. ------- Shortly after dark,
The recent big moves in APPL after the earnings announcement lead to a lot of bashing on analysts. People were screaming how could the analysts ‘miss that piece of
This blog originally appeared on the SMB Capital training blog here after Mike Bellafiore, author of the book, 'One Good Trade: Inside the Highly Competitive World of Proprietary Trading" asked
