Archive for February 2010

Awesome Links of the Week

Feb 28th, 2010 | By | Category: Mike Bellafiore's (Bella's) Blogs
During a StockTwits seminar at the NASDAQ I remarked that new traders who wish to become great must train like an elite performer, and Olympic athlete. Well here is the training of speed skater Apolo Ohno.  Do you work as hard in a focused way as him as a trader?  If not then why would you expect to become a successful trader? Thanks to Chris Gillick for sharing this article on Stevie Cohen of SAC Capital.   Mr. Cohen first became a great trader by Reading the Tape, measuring the order flow to make excellent risk/reward decisions.  Hmmmm.  Where have I heard that before? How Derek Jeter trained to significantly improve Read more [...]


SMB on StockTwitsTV

Feb 26th, 2010 | By | Category: SMB on TV
Gman discusses the Market on StockTwitsTV Read more [...]


SMB Morning Rundown – February 26, 2010

Feb 26th, 2010 | By | Category: General Comments

The markets are currently set to open flat, the preliminary 4th Quarter GDP revision came in as expected at 5.9%. AIG also reported a $53/share loss this morning and should see very active trading during today’s session. Key levels to watch in the SPYs will be 110.25 and 109.40 for support. Resistance is at 111 and 111.70. Michigan Consumer Confidence @ 9:55AM and Existing Home Sales @ 10:00AM should move the markets.



Trading Analogies and Humor

Feb 25th, 2010 | By | Category: Mike Bellafiore's (Bella's) Blogs
We have a great new training class from September 09.  Some classes for whatever reason can turn out outstanding and others ordinary.  Same teacher, same material, but very different results.  And from my seat very different teaching experiences.  We haven't held a new training class since September of 09 so lucky for us that they are so enjoyable.   June of 08 was our best class ever.  But our September class is showing signs. Today after the Close TH (he is TH until he starts making a lot of money and then he will get a nickname like "GMan" or in @howardlindzon's case "HMan"- you are welcome Howard) showed tape of a Read more [...]


SMB Morning Rundown – February 25, 2010

Feb 25th, 2010 | By | Category: General Comments

The market is gapping down violently today, currently the SPYs are trading at 109.30 in premarket. Key levels to watch for the day are 109.50 for support, depending on where the market opens the next area of support is at 108.40. Should we attempt to stage a rally there is resistance at the 110.50 and 111 levels.



SMB on StockTwitsTV

Feb 24th, 2010 | By | Category: SMB on TV
Gman discusses the Market on StockTwitsTV Read more [...]


Make Trades Your Own

Feb 24th, 2010 | By | Category: Mike Bellafiore's (Bella's) Blogs, Trader Development
After the Close we watched video of HRB (H&R Block).   16 was a huge level on our longer term charts.  And HRB found this level.   And a few interesting questions were raised during our Tradecast.  One was: would you buy before you saw strength on the tape at 16 or would you just buy? There is no right answer to this question.  The answer lies with you.   If you are an aggressive trader then when a stock finds an important support level you ought to buy.   And buy almost every time so your results are consistent.   If you are more cautious then you might wait for confirmation on the tape before entering.  For me Read more [...]


SMB Morning Rundown – February 24, 2010

Feb 24th, 2010 | By | Category: Trading Ideas
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open. Read more [...]