“A trader is only as good as the stocks that he trades”. Mike Bellafiore Mike Bellafiore is one of the founders of a proprietary trading firm (what proprietary trading is) in New York. For more than 15 years he teaches traders how to select instruments for trading in order to increase their chances for success. […]
Trading on the exchange is a business with an easy and simple start. However, it doesn’t mean that you can become a successful trader with the same ease. The majority of experienced traders know that the positive result depends on a multitude of factors: hard word, regular analysis, proper planning, strict discipline and ability to […]
The time factor in trading is often undervalued. Theoretically it may help traders to make more efficient trading decisions, move up the bottom level of profitability and facilitate an immediate closure of loss-making positions. The time factor could be used by different types of traders for improving the decision making process regardless of the trading […]
Do you know what many people are very good at? They are good at idle talks! They often speak about their plans and about some business they want to do. And, what is interesting, they could be very convincing when they do it. Do you know what many people are not so good at? They […]
Trading is a business and if you want to be successful you should treat trading as a business. The only way to be a successful trader is planning – there is no other way. There is a saying: “Absence of a plan results in the failure of your plan”. It might sound weird, but this […]
Usually, traders connect losing money in the market with a lack of discipline. However, not many people try to analyze the reasons which provoke insufficiency of consistency in making trading decisions. In fact, absence of discipline is just a consequence rather than reason. In the present article, we will try to analyze the main factors […]
How many hours a day do you devote to study trading? We mean study of the volume analysis, price structures, charts and any other information, which is required for trading. You didn’t notice how the time passed by but you didn’t manage to learn much, did you? Then this article is for you! When it […]
If you have a full employment, it is a rather complex task to become a professional trader during your free time. To quit employment in order to become a profitable trader? Or to become a profitable trader in order to quit employment? Whatever is the way you formulate your goal (the second variant seems more […]