Archive for October 2009

The Shark Tank Risk Management System

Oct 31st, 2009 | By | Category: Gilbert Mendez's (Gman's) Blogs
Let's start by talking about the shark tank. It all started with one of the traders - JP - calling himself a shark in some non-trading conversation. Unfortunately for him his mentee who sits next to him - RB - heard the silly comment and lost it. Over the next few days RB would just not let it go. Quickly every one around JP caught up to the joke and we kept on calling him the shark. JP went from this is really not funny with the shark comments to actually embracing the name over the next couple of trading days. Now every very well thought out trade that comes out of our 8 person area - the shark tank - is called a shark trade. Read more [...]


SMB Capital on StockTwits TV

Oct 30th, 2009 | By | Category: General Comments
Today, SMB Capital's Heat Trader "Gman" appeared on StockTwitsTV to discuss the Market and the stocks in play for the day. Gman also talked about how recent price action may be indicating that a larger correction is on the way. Watch the clip here. SMB Capital appears on StockTwitsTV every M, W, F at 2pm so be sure to tune in. Read more [...]


When Not to Dump Your Stock

Oct 30th, 2009 | By | Category: Mike Bellafiore's (Bella's) Blogs
"Stop the tape," barked the engaging if not brilliant firm partner (wait till you find out who this describes) during a Video Review Session. He continued,"What are your thoughts of NVTL presently?" A few brave (ill-advised?) noobs blurted,"Move on!"  And I could swear there was some booing to emphasize their opinion of the NVLT they had just witnessed on the tape. The partner shot back,"No!" Ok so that partner was me (hey it's my blog I can describe myself as flatteringly as I would like). The noobs were our new traders.  This VRS was today at 12:45 PM as we replayed the tape of NVTL from today's open. Often a Read more [...]


Managing Your Position

Oct 29th, 2009 | By | Category: General Comments, Steven Spencer (Steve's) Blogs
There are many facets to being a successful trader.  One element that tends to be neglected by aspiring traders is the concept of position management.  Position management is a combination of observation and action.  A trader must observe the price action in both the market and their stock to determine whether or not to take action on an open position at any given moment.  A trader should consistently be asking themselves the following questions: 1) Where should I take profits if the trade is working? 2) Where should I take losses if the trade is not working? 3) Where should I add to a (winning) position? 4) Where Read more [...]


SMB Capital on StockTwits TV

Oct 28th, 2009 | By | Category: General Comments

Today, SMB Capital’s Steve Spencer appeared on StockTwitsTV to discuss the Market and the stocks in play for the day. Watch the clip here. SMB Capital appears on StockTwitsTV every M, W, F at 2pm so be sure to tune in.

Spencer 10-28-09



Give V a Chance

Oct 28th, 2009 | By | Category: General Comments, Mike Bellafiore's (Bella's) Blogs
As intraday traders we can be hypersensitive to every tick in our stocks, sometimes to a fault.  Been there.  Totally understand.  I am with you.  Today in V if you did not give it a chance to run then this was a spot on example.  Today was a day to give V a chance. I traded V in the afterhours yesterday after they reported.  First ticks sent V down towards 71. That is not good.  But then came a battle at 71.  And the buyers won.  And then came another fight at 72. Again the buyers prevailed.  At 73 the buyers were the victors yet again.  Same at 74.  And before I left I noted the volume done at 74.75. If you were Read more [...]


SMB Capital on StockTwits TV

Oct 26th, 2009 | By | Category: General Comments
Today, SMB Capital's Remote Training Director, Roy Davis, filled in for Steve Spencer on StockTwitsTV to discuss the Market and the stocks in play for the day. Watch the clip here. SMB Capital appears on StockTwitsTV every M, W, F at 2pm so be sure to tune in. Read more [...]


Not Convinced of a Reversal Yet

Oct 26th, 2009 | By | Category: Mike Bellafiore's (Bella's) Blogs
We closed below an important technical level 1080 S&P 500.  I watch SPY and a close below 107.50 confirmed weakness.  I traded from the short side today in SOHU, COF, and FCX.   But I am not ready to lay into my shorts just yet.  Let's discuss. Tomorrow I will pick some market stocks and look for opportunities to short as long as we are below SPY 107.50.  But I wasn't crazy about a few things I saw into the Close.  1)We didn't close near the low.  2) I didn't see the volume I would expect below an important technical level, 107.50 SPY.  3) Important stocks are still hovering near and above support like IBM at 120, Read more [...]


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6. Please note: Hypothetical computer simulated performance results are believed to be accurately presented. However, they are not guaranteed as to accuracy or completeness and are subject to change without any notice. Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Since, also, the trades have not actually been executed; the results may have been under or over compensated for the impact, if any, of certain market factors such as liquidity, slippage and commissions. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any portfolio will, or is likely to achieve profits or losses similar to those shown. All investments and trades carry risks.

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