Fundamentals

BellaMike Bellafiore's (Bella's) Blogs4 Comments

Trading is not just about reading charts, or reading the tape.  We also must understand the market’s and a stock’s  fundamentals.  We are not fundamental traders but we use fundamentals to help us increase our win rate.  For the intraday trader we use fundamentals very specifically.  Let’s discuss. We used fundamentals to help us profit in JCG yesterday.  Yesterday JCG … Read More

Sabotage

BellaMike Bellafiore's (Bella's) Blogs9 Comments

Today on the desk I heard,”Oh that MON is so hard.” And it was at times.  In fact it was very difficult about 90 percent of the trading day.  But it was not hard.  There were three simple trades that if made would have left even the average trader profitable.  Let’s discuss. At 82.75 the offer would not lift in … Read More

Growth

BellaMike Bellafiore's (Bella's) Blogs9 Comments

Today is a good day to sit around and think about how we will improve as traders. Between the barbequed chicken, Cavs/Magic game, summer beers, and crazy relatives there is some time to reflect. Back in the day I would be someplace like Hilton Head, with a rental on the ocean, on an immaculate course, thinking about a new club … Read More

One Trick Pony

BellaMike Bellafiore's (Bella's) Blogs7 Comments

I get too many emails from, I meet too many people who, I hear of too many stories of traders who live off of one play. Commonly this play is as follows: a trader sees a big bid and they step in front or they see a big offer and they step in front. This is my definition of scalping. … Read More