Archive for October 2010

Time To Pay For That Expensive Handbag

Oct 31st, 2010 | By | Category: General Comments

COH was one of the best trading opportunities last week.  It is set up very nicely for another leg higher.  The trigger buy is above 50.25.  Add to the position if holding above 50.80.  If this trade works you should be able to afford that dopey handbag your significant other has been bugging you to buy for her.

The 800-Pound Gorilla in the Room: Exits

Oct 31st, 2010 | By | Category: Adam Grimes's blogs, General Comments, Trader Development, Trading Psychology
Managing your exits is at least as important as where you're getting into the market, and a quirk of human nature makes this a little bit more complicated Read more [...]

The Fixed vs Growth Mindset: The Consequences (Part III)

Oct 30th, 2010 | By | Category: Mike Bellafiore's (Bella's) Blogs
With a growth mindset a trader believes through effort that they can be much better than they are today. With a fixed mindset the trader believes they can only go so far as their innate talent will allow. In Part I we posed two hypothetical traders, Trader A with a fixed mindset, and Trader B with a growth mindset and asked our readers to consider who they were. In Part II we showed an example of a growth mindset trader working on their game. Today we will explore the consequences to the trader of a fixed mindset and offer one very important conclusion. Fixed Mindset 1. When things get tough you will become easily discouraged. Read more [...]

The Growth Mindset: An Example (Part II)

Oct 29th, 2010 | By | Category: Mike Bellafiore's (Bella's) Blogs
Yesterday, behind closed doors, I spoke with one of our traders about a better next month. I bet this off-the-charts motivated trader $250 that he would make over 20k next month if he made two solution-based adjustments to his trading. I added a caveat that if he made 30k plus he owed me lunch. Later that evening he unveiled his growth mindset in an email shared below. Notice how he views his past month as a place he is at now but will not be at the end of next month. (BTW, I am thinking a burger at Bobby Van's when he has to pay off his lost bet.) I have to be honest with myself, and Lets be honest, I really make money Read more [...]

SFO Webinar with Bella

Oct 29th, 2010 | By | Category: General Comments
Mike Bellafiore to present a free webinar with SFO Magazine. Read more [...]

SMB Morning Rundown – October 29, 2010

Oct 29th, 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 [...]

Growth Mindset vs. Fixed Mindset (Part I)

Oct 28th, 2010 | By | Category: Mike Bellafiore's (Bella's) Blogs
Trader A underperforms for a month and meets with the Head Trader of the firm. The Head Trader asks why Trader A thinks he is not doing as well as he can. Trader A claims his underperformance relates to where he is sitting, his filters program being buggy, and the girl he is dating. The Head Trader offers some adjustments which Trader A finds upsetting since he does not believe he should need help. Trader A finishes with: "I guess I am just not that good of a trader." Trader B underperforms for the month and meets with the Head Trader of the firm. The Head Trader asks why Trader B thinks he is not doing as well as he can. Read more [...]

Tape Reading Techniques – Traders Expo

Oct 28th, 2010 | By | Category: General Comments, SMB In The News
Gilbert Mendez Tape Reading Techniques That Can Help You Execute the Best Intraday Swing Trades $245 per person if purchased by November 4 $295 per person after November 4 Thursday, November 18, 2010 | 8:30 am - 12:30 pm Steven Spencer Steven Spencer, partner, and Gilbert Mendez, partner, are part of SMB Capital, the only trading firm in the United States that currently offers a comprehensive tape reading program. This presentation will focus on using tape reading techniques to enhance order execution and position management for the best intraday swing trades. By identifying very Read more [...]