Archive for November 2010

FCX: One way to catch a top

Nov 30th, 2010 | By | Category: Adam Grimes's blogs, Technical Plays, Trading Lesson
AdamG_SMB shows one way to catch the turn in a strongly trending stock. Read more [...]

Traders Ask: Was I a Wuss?

Nov 30th, 2010 | By | Category: Mike Bellafiore's (Bella's) Blogs, Traders Ask
Hey Mike And Steve, I had a question for you guys about risk and how you guys manage it psychologically. For some reason, when trading on my Lightspeed Platform, my risk tolerance shrinks, and I punch out of stocks way to early or cannot sit through pullbacks when a stock goes negative on me. I get nervous it will just fall out of bed and I punch out and dont give it enough room to breathe. This ends up not only costing me in terms of lost trades but also costing me big time in terms of missed trades. This is even with a basic 100 share lot. I sometimes/occasionally do 200 shares and have only done 300 shares a few times. This Read more [...]

Scottsdale Trader Meetup

Nov 30th, 2010 | By | Category: General Comments
Join Mike Bellafiore and the Scottsdale Traders and Investors Meetup Group, the largest and longest surviving active traders group in the Phoenix area on December 14th. Mike will be speaking with the Traders on the following: The trading fundamentals of One Good Trade from inside One Good Trade. How our prop firm makes trading decisions based on Intraday Fundamentals, Technical Analysis, and Reading the Tape. The modern science of how to improve as a trader. You can join the Scottsdale Trader Group by visiting their meet-up group. Read more [...]

SMB Morning Rundown – November 30, 2010

Nov 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 [...]

Morning Thoughts

Nov 30th, 2010 | By | Category: Joe P's blog
Good morning traders, morning thoughts today from Adam Grimes at The Macro Report Equities: The US Equities markets opened near support (1,175 S&P Cash), but immediately found a bid and traded up to close near the high of the session. Though, officially, yesterday’s action will stand as downward closes in the major indexes, buyers were truly in control for most of the session. Very little has changed in terms of market structure, as the market is simply back to the middle of the broad trading range. From a market timing perspective, it is a serious error to make commitments in the middle of a range, as randomness dominates Read more [...]

Follow The Leader

Nov 29th, 2010 | By | Category: General Comments, Joe P's blog, One Good Trade, Trading Lesson
As many of you know, I have been watching FCX as a market tell for some time now.  Its’ chart is permanently on my screens as it has been an increasingly important market leader in the past few weeks. Going into today’s session I was watching FCX 96 and SPY 117.60 as my lines in the sand for the market.  Early in the session the SPY bounced off 117.70 and FCX made a higher low on the 60 min chart at 96.30 leading to a powerful up move to 100. Adam and I were watching this stock in the afternoon looking for good spots to get long for some follow through into the close. (Props to Adam G who kept a very close eye on it). Read more [...]

Attack Your Trading Challenges Like a Navy Seal

Nov 29th, 2010 | By | Category: General Comments, Mike Bellafiore's (Bella's) Blogs
Trading offers us so much opportunity for I can't. Or this is too hard. Many thirst to be a consistently profitable trader but never build the skills to do so. It all starts with you. With your attitude. With your skill to build your trading mindset. So we want to get better. How do we do this? How do we approach our challenges? Let's take some advice from a former Navy Seal, Mack Machowicz in Unleash the Warrior Within: From nuclear warfare to hand-to-hand combat, there is only one guiding strategy: targets, weapons, movement. If you know what your target is, that will dictate which weapon you use. Nice you have your weapon, Read more [...]

SMB University – Live From the SMB Classroom with Bella

Nov 29th, 2010 | By | Category: SMB on TV
Bella discusses trading AVP on fresh news. Read more [...]