Archive for September 2011

Live From The Floor

Sep 30th, 2011 | By | Category: General Comments, SMB Video Blogs
On Today's show Steve discussed one technique for trading right on the Open. Stocks discussed were FMCN, LVS and SPY. Read more [...]

Traders Ask: Why did I struggle this month?

Sep 30th, 2011 | By | Category: Mike Bellafiore's (Bella's) Blogs, Traders Ask
Dear Mr. Bellafiore, I am a daily reader of the SMB blog and I also really enjoyed your book.  I have e-mailed you a couple of times before, and I respect your opinion greatly.  I am writing because I am currently going through a difficult time with my trading.  I started trading at the beginning of 2009, and have been doing it ever since.  I have been fairly consistent in that I have never had a down month.  I had my best month ever in August of this year where I made over $28k.  I am currently up about $85,000 net for the year as I write.  This week, however, was probably the worst trading week I have ever Read more [...]

An idea to help improve your trading

Sep 30th, 2011 | By | Category: Mike Bellafiore's (Bella's) Blogs
Today we had an SMB Tradecast reviewing a play for the SMB PlayBook.  A trainee records their best trade of the day in our SMB PlayBook template form and then sends me and the desk the trade.  I choose the plays that I want to review for future SMB Tradecasts.  An idea was shared that you might was to co-opt. A trainee placed note next to his Level II and on his trading platform about the stock he was trading.  I am paraphrasing here but examples were something like: LVS is very weak Momentum is not working What a wonderful idea! Doing so will make you less likely to take a position against your self interest.  Doing Read more [...]

How Great Ideas Can Emerge From Trading Communities

Sep 30th, 2011 | By | Category: General Comments, Options Education, Seth Freudberg's Blogs
I was on the phone over  the last couple of days with two of our  active  Options Tribe  members--Nagaraj Ramakrishna, who has developed an outstanding butterfly trade in the  $RUT index and Charlie Ferguson--a remarkable weekly credit spread trader. They are each active members of our Options Tribe community, having both presented their trades recently on  tribe  meetings over the last few months. Charlie presented his weekly short call vertical spread strategy earlier in August and Nagaraj watched with great interest wondering, whether his monthly RUT butterfly strategy might not be just as effective  utilizing weekly Read more [...]

A Scalp Trade on JBL

Sep 29th, 2011 | By | Category: General Comments
This is a post from our traders TO about a scalp trade he made on JBL from yesterday: My trading desk neighbor SW and I were both trading JBL today, with 19 as the key level of interest. Without knowing it, I took the opposite direction of his trade at the Open for a quick momentum scalp. SW got long at 19.01 against the important 19 level. I got short into it. When I was reviewing my tape, he asked me “Why did you short into that held bid?” My answer: “Because the seller could crush that bid and I could capture an explosive move to the downside. Plus the volume was done at .02, 19 hasn't really proven itself” Let Read more [...]

SMB Radar Update – Weak Today Snapshot

Sep 29th, 2011 | By | Category: SMB Radar
The Weak Today column ranks stocks based on the price change relative to the stock’s opening print. These stocks tend to have opening drives and continuation moves. The idea here is to find opportunity in the weakest stocks in the market with the highest probability of continuing the trend. When looking through the column, we always take note at how In Play the stock is to gauge the validity of the move (Bright Red to Dark Blue). Names on the radar have been bright red since the open tip us off that they should have follow through. Keep in mind this only a snap shot and changes throughout the day. Click here for Read more [...]

Free Options Webinar: SMB’s Options Tribe: Tuesday, October 4, 2011 at 5pm EDT: Short Term Calender Spreads

Sep 29th, 2011 | By | Category: General Comments, Options Education, Seth Freudberg's Blogs
Tuesday  October 4, 2011 at 5:00 pm Eastern Daylight Time SMB’s Options Tribe is an online community of options traders dedicated to sharing successful options trading ideas with all of our members worldwide. Each week the community will meet online for the primary purpose of watching live presentations made by outstanding veteran options traders and experts in the world of options trading. This week, J.W. Jones of will be presenting on the subject of short-term calendar spreads. Register for this FREE Webinar : Here Seth Freudberg Director, SMB Options Training Program The SMB Read more [...]

Why I covered JBL at the bottom :)

Sep 28th, 2011 | By | Category: Mike Bellafiore's (Bella's) Blogs
JBL was on the minds of most intraday traders around me this AM. It was mentioned in our SMB Training AM Meeting. Before the open I ask traders around me what they will be trading. Adam? Sammy? Andrew? Jeff? Peter? Tarhini? All but one did not mention JBL as one of the top three stocks on their screens. We opened with 15 minutes of nothingness in JBL. GMan mentioned he saw more weakness than strength at 19.13ish. Some started short positions there. I was flat and messing around in AVGO, letting that stock beat me a few times and SPY. When JBL broke to the downside below 18.90 I became interested. I was looking for an Read more [...]

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2. The seminars given by SMB TRAINING are for educational purposes only. This information neither is, nor should be construed, as an offer, or a solicitation of an offer, to buy or sell securities. You shall be fully responsible for any investment decision you make, and such decisions will be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance, and liquidity needs.

3. This material is being provided to you for educational purposes only. No information presented constitutes a recommendation by SMB TRAINING or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy. The content neither is, nor should be construed as, an offer, or a solicitation of an offer, to buy, sell, or hold any securities. You are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs.

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6. Please note: Hypothetical computer simulated performance results are believed to be accurately presented. However, they are not guaranteed as to accuracy or completeness and are subject to change without any notice. Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Since, also, the trades have not actually been executed; the results may have been under or over compensated for the impact, if any, of certain market factors such as liquidity, slippage and commissions. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any portfolio will, or is likely to achieve profits or losses similar to those shown. All investments and trades carry risks.

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