Archive for March 2011

3/31/11 Stock scans

Mar 31st, 2011 | By | Category: Adam Grimes's blogs

Here

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SMB Morning Rundown – March 31, 2011

Mar 31st, 2011 | 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 [...]


3/30/11 Stock Scans

Mar 30th, 2011 | By | Category: Adam Grimes's blogs

Here are today’s scans.

(Answer to the question about how these are created: They are scans based on codes and algos I built. They run in TradeStation.)

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Chess and Options Trading: a Perspective from Pete in Indonesia

Mar 30th, 2011 | By | Category: General Comments
I received  an interesting email yesterday from a nice gentleman from Indonesia  (SMB gets lots of inquiries from all over the world) who has expressed an interest in SMB's  options training course that we will be launching in May. Pete has studied options trading through literature and has experienced  some early success. What I found so interesting about Pete's email, was the wisdom of his recognition that, while not impossible, it is pretty unlikely that someone can sustain success in options trading (or any other kind of trading for that matter), without the guidance of a mentor who can work the student  through the many Read more [...]


Traders Ask: How Do You Detect Overconfidence?

Mar 30th, 2011 | By | Category: Mike Bellafiore's (Bella's) Blogs, Traders Ask
Hi guys After a rotten 12 months I've had a cracker of a month not just with the recent bull run but with the preceding drop also. This has occurred after stepping back, refining a trading entry methodology based around volume (exit and money management are already in place) and focusing on this play. Obviously I'm proud of myself, but pride comes before a fall as they say. Past success runs have often been burnt with a bad run straight after. Can you tell me what techniques you offer your traders to identify signs of overconfidence and over-trading and to keep it (especially overconfidence) in check? Bella Great job Read more [...]


SMB Morning Rundown – March 30, 2011

Mar 30th, 2011 | 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 [...]


3/29/11 Stock scans

Mar 29th, 2011 | By | Category: General Comments

Here are the scans as promised in last week’s webinar.

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The Shake, GMan, the Newbs and ETP

Mar 29th, 2011 | By | Category: Mike Bellafiore's (Bella's) Blogs
50.50 was the important technical level we were hawking in ETP. Stock In Play. We have our level. ETP opens below, does tons of volume just below the level, and then holds above 50.50. Long right? Easy right? Well if only trading were that easy. Yes we want to be long. But can we stay in the long while responsibly controlling our risk? This is always our challenge. And we must control our risk before anything else. So some newer traders set their stops below 50.50. This is the right area for these stops. But there was more than one way to set this stop. There was a way that gave back all your profits. And then there was the Read more [...]