General Comments

StockTwits Podcast: Don’t Call it Options Income Trading

Jul 8th, 2016 | By | Category: General Comments
StockTwits sat down with SMB's Head Options Trader, Seth Freudberg, to learn what it is that makes index & equity options traders unique in the world of finance. Read more [...]


SMB in Singapore for InvestFair 2016

Jul 7th, 2016 | By | Category: General Comments
Mike Bellafiore will be a Keynote Speaker in Singapore for Invest-Fair 2016. INVEST Fair is ShareInvestor’s annual flagship event in Singapore for investors and traders. Jointly collaborated with The Business Times, Singapore's largest business publication, INVEST Fair is an unrivaled event- "the LARGEST Investment/Trading Event in Singapore!" Here is an ad from The Sunday Times (Singapore): If you are a trader/investor in Singapore, we hope to see you at the event. *no relevant positions Read more [...]


Analysis of Crude Oil & Followup

Jul 6th, 2016 | By | Category: General Comments
Each Friday after lunch, Andrew and I do a Q&A webinar for the SMB Community. We call it Trading Conversations. One question we covered in last week's webinar was about the current state of Crude Oil. I use Market Profile, so I laid out exactly what I was seeing in "Texas Tea" from a Market Profile perspective. Largest view: 16 days of balance. Price has had resistance from the 50.50 area, and support from the 40.70 area. Price has just bounced around in this general "bracket". These aren't extremely precise levels to blindly place trades at, but rather general areas that define out "higher timeframe" market condition Read more [...]


Entry Types For Momentum vs Rangebound Plays

Jun 29th, 2016 | By | Category: General Comments, market structure, Technical Plays, Trading Conversations
Last Friday we had a great talk, with Brexit fresh off the press, during our weekly Trading Conversations webinar last Friday. As usual, we covered a wide range of things such as using context, how to adjust your trading to handle volatility, and more! Not a bad way to wrap up your trading week with some open trading conversation. One highlight from the webinar was around adjusting your entry type to fit the trading style being deployed. Specifically, we discussed using passive vs aggressive entries for rangebound vs momentum conditions. There are caveats to just about any blanket "trading rule", but in general I use more Read more [...]


Why did LVS trade through 44 if that was support?

Jun 21st, 2016 | By | Category: General Comments
LVS hit our radar for a Spencer (my trading partner) 2nd Day play.  There was not much a news catalyst in LVS, but yesterday it traded a higher RVOL, finished near the bottom of its range, and traded significantly weaker than the market.  We walk onto our trading floor today wondering if there will be follow through or a bounce from support at 44. Where is support?  We look to our longer term technicals for this answer. On a Daily chart, we find 44 as a support level in LVS.  We think: could it drop on the open to there and bounce off of support?  We overlay a trading pattern from our PlayBook for such a trade.  We do Read more [...]


Underperformance and Your Beliefs

Jun 20th, 2016 | By | Category: General Comments, market structure, Trading Conversations, Trading Psychology
We covered several interesting topics during our weekly Trading Conversations webinar last Friday. As usual, we covered a wide range of things such as using context, randomness, risk/reward, knowing your market with statistics, and more! Not a bad way to wrap up your trading week with some open trading conversation. One topic we covered in particular stood out to me, and I wanted to share it with you here today. The thought is that not all trading sessions provide equal opportunity. That may sound obvious to you at first, but do you really live by that belief? Do you know what types of environments you outperform in? Do you Read more [...]


How do I use previous support and resistance levels?

Jun 20th, 2016 | By | Category: General Comments
Hi Bella, I have been learning a ton from One Good Trade, The Playbook, and all the online educational content you have. Thank you! When you are analyzing a stock “in Play” and looking at previous support/resistance levels, how much weight do you give them going forward with that days trading? After all, we would be trading this stock in play BECAUSE it is acting unusual, which might make those prior levels less meaningful on this day. How should I think about this when analyzing a stock in play? Thanks so much for being one of the TRUE educators in this space! Best, Ben @MikeBellafiore Whenever we make Read more [...]


AM Meeting Replay 06/15/2016

Jun 15th, 2016 | By | Category: General Comments
Each morning, SMB co-founder, Steve Spencer shares key ideas that the desk is watching for the open. Here is an example of this morning's meeting. To attend this meeting each day, subscribe to one of the packages here   Important Disclosures Read more [...]