Archive for July 2010

Six and Half Hours of Fun!

Jul 31st, 2010 | By | Category: General Comments, Mike Bellafiore's (Bella's) Blogs
SMB coined the term "intraday fundamentals". It refers to the study of news patterns that provide us clues to how a stock may move intraday. The best of these patterns are the all-day trend plays, the result of news that's so important that the stock may trend for the entire day, no matter how the overall market moves. And these stocks with this specific news will trend beautifully all day, never causing the trend trader much anxiety. The only real challenge is not to be a wuss (exit your winning position because you fear giving back profits). Today we are holding an all-day workshop with @alphatrends,  the best in the Read more [...]

A ? 4 the Trading Community- Off-Season Improvement Plan?

Jul 31st, 2010 | By | Category: Mike Bellafiore's (Bella's) Blogs
We received this question from the trading community, which we will pose to our trading community for your comment: My question is about training during the off-season. The month of August is typically known as a slow month. As a result, next month (August 2010) I'm going to be away from my desk, I'm taking a trip down to the Dominican Republic / Haitian border to do some missionary work for the month of august. I strongly feel that giving back to others and sharing our blessings goes hand in hand with our privilege to trade. During this time I plan on reading some trading books, articles and reviewing my videos. It's Read more [...]

Was it Really Your Level? Really?

Jul 30th, 2010 | By | Category: General Comments
After the Open we meet with our new class and ask them to share a good trade from the open. There was a lot of I bought at this important level and the stock only went up from there. Was it really the level? So the first Newb saunters up to our 65inch flat screen which displays our charts, announces FCX and the 70 level as his trade. The chart appears and sure enough 70 was never violated and here sits FCX much higher. The next Newb switches place with the first Newb and offers LVS and the 26.40 level that we discussed in our AM meeting. Again LVS is now much higher. These are some great levels no? From the Read more [...]

SMB Morning Rundown – July 30, 2010

Jul 30th, 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 [...]

Bella on Talk Your Book on StockTwits TV

Jul 29th, 2010 | By | Category: Mike Bellafiore's (Bella's) Blogs
At 9PM EST Bella will appear on Talk Your Book on StockTwits TV with Dr. Phil Pearlman. Literally Mike will be talking about his book One Good Trade: Inside the Highly Competitive World of Proprietary Trading (Wiley Trading) Mike also will discuss the importance of StockTwits. Read more [...]

SMB Trade of the Week- Bearish Momentum Trade (VPRT)

Jul 29th, 2010 | By | Category: Mike Bellafiore's (Bella's) Blogs
Each week we share with you a trading pattern that we use consistently on our desk. Like most successful traders (all?) we have measured the win rate for this trade. In short we are giving you an intraday trading pattern that works. In this SMB Trade of the Week we will share a Bearish Momentum Trade that we made in VistaPrint, stock symbol VPRT. Perhaps you can make this trading pattern your own. Let's set up the trade: VPRT issued downside guidance for Q1 and for the full year. VPRT gapped down in the premarket to 35.30ish. This indicated an open of down near 15 points. Ouch. On our long term charts all support Read more [...]

Traders Ask: One Good Trade?

Jul 29th, 2010 | By | Category: Mike Bellafiore's (Bella's) Blogs
From Reader Angel: When you refer to "One Good Trade, then another One Good Trade, then another" does this imply that new traders should never have multiple positions on at the same time, but should instead focus on one position (i.e. One Good Trade) at any given time? After the trade is over, then move on to the next "One Good Trade"... etc... I'd appreciate some clarity on this. Bella Responds For a new trader, meaning someone with less than three months of experience, one position at a time may make sense for most. When you first start you should learn how to trade, build from a positive base and crystallize your Read more [...]

SMB/Alphatrends Workshop Powered by StockTwits

Jul 29th, 2010 | By | Category: General Comments
Join Brian Shannon and the team at SMB Capital for a one day trading workshop July 31 in NYC. Read more [...]