Archive for May 2016

[Video] Highlights of Ten Winning Trades

May 31st, 2016 | By | Category: Trading Ideas
  Click the banner below to learn about the live 10-week online course "The Winning Trader" which begins June 1st at 4:15pm EDT (New York). Read more [...]

The Setups with Edge from Winning Traders

May 31st, 2016 | By | Category: Free Daily Trading Video

Mike Bellafiore unveils our white board at SMB, with the list of setups with edge from winning traders. Check your trading against this list. (more…)

Must I time my trades properly?

May 30th, 2016 | By | Category: General Comments
Mike, I just joined SMBU and I'm half-way though all the lectures and I like it a lot. Bluntly,  I'm a piker.  I've failed numerous attempts at trading and blown through a lot of money.... I'm trying to apply your best set up/idea concept to his strategy>  the best example can be the BABA trade on 5/25/16.  SEC investigation into BABA earnings/revenue, but the technical setup was that it closed on the previous day's high  and gapped below the previous bar low.   (Trading educator elsewhere) calls  that a kicker pattern because all the longs are trapped and have to exit and with SEC investigation, as you know, Read more [...]

The trade that propelled one trader to start winning

May 30th, 2016 | By | Category: General Comments
I have been there. Failing and looking for a way to break out as a trader. I first did back in the late 90′s with one setup- The Relative Strength Trade. Our newest High Performing Trader was there and found a way to break out as a trader. He trades almost exclusively one setup. That one setup has propelled his trading career. We call it the High Beta Technical Consolidation Trade. This trader did not attend an Ivy League School. This trader did not play D1 athletics. This trader’s dad does not play golf with the head of GS. He is not a genius coder. He has found a trade with edge that works for him. He Read more [...]

What is going on with BABA? We explain

May 27th, 2016 | By | Category: Free Daily Trading Video

In this video, Mike Bellafiore, walks you through the last three days of trading in BABA. He shares anecdotes of trades and chats with his traders about this name. (more…)

Wandering Off The Path

May 26th, 2016 | By | Category: Steven Spencer (Steve's) Blogs, Trading Lesson
(May 25th 2016) I had a very disappointing day. I Lost money in trades that weren't part of my pre-market game plan. And I Didn't make money in the trades I outlined in our AM Meeting. When the day is over and I review my work I'm primarily measuring my results against how I executed on the opportunities that were identified prior to the market Open. To give you a sense of the opportunity that was available today I will share the written portion of my morning game plan, and then break down a few stocks based on their price action and key S/R levels. The first two stocks in the game plan are CSC and HPE. They were involved Read more [...]

Milking an Options Trade

May 26th, 2016 | By | Category: Free Daily Trading Video
In this video, Seth Freudberg talks about the techniques behind milking a trade. Sometimes it's obvious that an options trade has potential for greater than it's normal profit target. This video provides a technique for taking advantage of that trading situation. A conservative two standard deviation move metric is used to make decisions within this technique. *no relevant positions Read more [...]

A test of conscience at a trading firm

May 25th, 2016 | By | Category: General Comments
Hi Mike, I was part of the first edition of SMB DNA and I am a consistently profitable trader now. I just read your article about the low float reversal trade. It is also a favorite trade of mine. The difficulty I sometimes have with these plays is to get borrows to short the stock. (I have one IB account and one ETC clearing account). I couldn't short MGT the last few days because it was restricted at ETC clearing and CLRB had huge costs to locate at Quantex. How is this situation for the traders at your prop firm? Are you able to short pretty much everything or do you also face sometimes the problem of lack of borrows? Best Read more [...]