My Preconceived Assumptions About Trading Success Were All False

10/05/2015 6:00 am EST


Michael Bellafiore

Author, One Good Trade: Inside the Highly Competitive World of Proprietary Trading

In this video, veteran trader Mike Bellafiore, of SMB Capital, shares an exercise he held with his traders last Friday on the desk. Mike asked traders what preconceived assumptions they had about trading success that ended up being false.

This video and firm discussion was derived from a Peter Brandt quote from a presentation at the recent Traders4ACause in Las Vegas.

Some of the false assumptions featured in this video are:

  • Trading is easy
  • Knowledge of macro events is king
  • All I need is to find a trading edge

We hope the answers help you improve as a trader.  And the main point is clear to you: trading success ain't about what most think.

*no relevant positions

By Mike Bellafiore of SMB Capital

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