Chat With Traders

162: Mike Bellafiore – The Formula for How to Become a 7-Figure Day Trader

May 12, 2018
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ADVICE

Build a Solid Trading Foundation

  • Develop a solid trading foundation focusing on technical skills, risk control, and understanding good setups.
  • Learn technical analysis, recognize news catalysts, and identify stocks suitable for your account size and risk tolerance.
INSIGHT

Adapting To Volatility Changes

  • Market volatility impacts trading performance and requires strategy adjustments.
  • Traders must adapt quickly from low to high volatility environments to capitalize on new opportunities.
ADVICE

Use Daily Report Cards

  • Complete a daily report card focusing on one monthly trading goal to track progress.
  • Develop solutions to improve on that goal and consistently evaluate your trading efforts.
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