Archive for April 2013

Free Forex and Futures Webinar: Our Most Common Trading Setup

Apr 30th, 2013 | By | Category: Marc Principato
Please join Marc Principato, CMT, on Tuesday, May 7, 2013 at 4:30pm ET for a free Webinar, "Our Most Common Trading Setup". In this 30-minute Webinar, Marc will review one of the most common trading setups that we see almost every day. It is one of many advanced pattern-recognition setups that we teach within our training programs. Click here to register for this FREE Webinar Attendance is capped at 500, so make sure you register early. Forex Risk Disclaimer Read more [...]


Understanding Market Structure

Apr 30th, 2013 | By | Category: Mike Bellafiore's (Bella's) Blogs
Hi Mike, 1.  Trade only the MOST in play stocks in the beginning as they have the best chance to move regardless of market action. 2.  Wait for the market to break previous day's range or some similar range from previous couple days trading. 3.  Establish the the market itself is in play. Is there significant economic news, political unrest, or earnings news from a major company? I hate to bring too much of a bias about the market into my trading each day. I would rather wait and let it show me. Often by the time is has shown me it will do very little I have already been chopped in failed setups. Of Read more [...]


And The Answer is… Trade Less

Apr 29th, 2013 | By | Category: Mike Bellafiore's (Bella's) Blogs
I have a question, but here is the background. I have a VERY small trading account as a trader for a Prop firm. It is an account with $16,000 in buying power and a 40-share max with a $25 loss limit (I'm in my firm's 18 month trading program and started with a $2,000 account and account grows as your skills improve). I tend to like trading High beta stocks with huge ranges, spreads. Stocks like AAPL, AMZN, GOOG, NFLX, etc. My default tier size is five shares. I tend to go into a trade with somewhere between 5 and 10 shares to open my position. If I apply good risk management, I stop out of positions between $.30 and $1.00 per Read more [...]


Consider This Before Making a Trade

Apr 29th, 2013 | By | Category: Mike Bellafiore's (Bella's) Blogs
Good day Mike, How is work and family. Please, I need you to clarify a few things for me. I want to know the role the following indicators play in selecting stocks for day trading. 1. Beta: what value will you use in determining stocks to play(buy/sell or stay away from) 2. ATR 3. ADV 4. Relative Volume:How to determine it 5. Short Interest: How should I relate this to stocks to buy or sell. Thank you for your anticipated cooperation. @mikebellafiore There is certain information we want to know about a stock before we trade it.  When we first started SMB we created the SMB Stock Data Sheet. This was an example of all Read more [...]


SMB Forex and Futures Weekly Analysis 4/29

Apr 29th, 2013 | By | Category: Marc Principato, SMB Forex
In this segment, Marc Principato, CMT conducts larger time frame analysis on the S&P 500 futures, EUR/USD, GBP/USD and AUD/USD currency pairs. He provides levels of interest and some possible trading scenarios. This analysis is done every day in our trading chatroom. Visit here for a trial. [purehtml id=2] -- Marc Principato, CMT, Risk Disclaimer *No Relevant Positions SMB FOREX Trade on your own scheduleLearn SMB′s Unique StrategyTrade Confidently in 6 Weeks Read more [...]


SMB Forex and Futures Weekly Trade Review 4/26

Apr 29th, 2013 | By | Category: Marc Principato, SMB Forex, Trading Lesson
In this segment, Marc Principato CMT, reviews a long day trade in the S&P500 CFD. He illustrates his reasoning for initiating, managing and exiting the trade. This is also a good example of how price action analysis can provide additional insight into the intentions of the market. [purehtml id=2] -- Marc Principato, CMT, Risk Disclaimer *No Relevant Positions SMB FOREX Trade on your own scheduleLearn SMB′s Unique StrategyTrade Confidently in 6 Weeks Read more [...]


Technical Breakdown Trade: $AAPL

Apr 28th, 2013 | By | Category: Steven Spencer (Steve's) Blogs, Technical Plays, Trading Lesson
In this trade review Steve discusses the multi-day approach to a technical breakdown in AAPL below 419. There will be a followup trade review this week where Steve will discuss the long reversal a position he is currently still holding.   Steven Spencer is the co-founder of SMB Capital and SMB University and has traded professionally for 16 years. His email is [email protected] Steven Spencer is currently long AAPL and short GLD Try all our trading tools for 2 months *SMB Radar not included Read more [...]


The Playbook Webinar Series: Trading During a Conference Call

Apr 25th, 2013 | By | Category: General Comments, Mike Bellafiore's (Bella's) Blogs
Please join Mike Bellafiore, author of the "trading classic" One Good Trade, on Thursday, May 2nd at 4:15PM EST for the FREE Webinar series, The PlayBook. This week, Mike will discuss trading during a conference call and sizing into positions (CAT, GILD, FSLR and AAPL). Click here to register for this FREE Webinar. As always Mike will take questions and encourage participation. Attendance is capped at 500, so make sure you register early. Also, if you would like to get in touch with us, send us your ideas for upcoming Webinars. We'd love to hear from you. Read more [...]