Holy guacamole..what a negative reaction

gmanGeneral Comments2 Comments

I must say I am extremely disappointing in the Fed for their silly attempt to prop up the stock market with a fed cut of 50bps this morning. I mean seriously, the entire street was expecting that. If they really wanted to create a very positive reaction they should have tried to catch the market by surprise. Here’s how you … Read More

Wow!

BellaMike Bellafiore's (Bella's) Blogs2 Comments

It seems that every week the market gets better and better for intraday traders. Yesterday’s selling was as weak as I have seen the market in my trading career. And then we bounced. And that was a huge bounce. There was a ton to be made on the short side till 3 and then a ton to be made catching … Read More

Getting Caught

BellaGeneral Comments, Mike Bellafiore's (Bella's) BlogsLeave a Comment

Yesterday after the Close SMB celebrated our outstanding month of September with some drinks, cigars and food (lots and lots of food).  Nothing against Queens but I am going to have to talk to CBA about choosing that locale.  It was a little far from Manhattan.  During our celebration I had an interesting discussion with a new trader (“Triple Threat”) who got caught in GS yesterday … Read More

Yesterday was Yesterday

BellaMike Bellafiore's (Bella's) Blogs4 Comments

Yesterday I got hammered. For those unfamiliar with my trading I have been negative one month in 5 years. At one point I attempted to reshort DE at around 42. Our trading platform rejected my orders. I called up Trade Desk to figure out why. And they explained that I had hit my loss limit. Loss limit? I am such … Read More