Mike Bellafiore’s (Bella’s) Blogs

SMB U Trading Lesson of the Day: How to Gain Trading Confidence

Apr 9th, 2014 | By | Category: Mike Bellafiore's (Bella's) Blogs, Trade of the Week, Trader Development
Mike Bellafiore, author of the “trading classic” One Good Trade and The PlayBook, talks about a SMB Trading Lesson of the Day on how to gain trading confidence. A trader from the SMB trading community reached out to Bella seeking advice for ways he could extinguish his trading fears. As a new trader Nicolas wasn't able to actualize his trading ideas into P&L because of his fear of  losing money. Enjoy this trading lesson! You can be better tomorrow than you are today! Mike Bellafiore One Good Trade The PlayBook No relevant positions Read more [...]


SMB U Trading Lesson of the Week: When to Exit Winning Trades

Apr 2nd, 2014 | By | Category: Mike Bellafiore's (Bella's) Blogs, Trade of the Week, Trader Development
Mike Bellafiore, author of the “trading classic” One Good Trade and The PlayBook, talks about a SMB Trading Lesson of the Week on when to exit winning trades. Mike discusses a situation where a trader thought he needed a trading psychologist. Turns out it was just an issue with his trading strategy. Enjoy the video! You can be better tomorrow than you are today! Mike Bellafiore One Good Trade The PlayBook No relevant positions Read more [...]


SMB U Trading Lesson of the Week: Position Sizing in $CCL

Mar 27th, 2014 | By | Category: Mike Bellafiore's (Bella's) Blogs, Trade of the Week, Trader Development
Mike Bellafiore, author of the “trading classic” One Good Trade and The PlayBook, talks about a SMB Trading Lesson of the Week in $CCL. Mike discusses the various trading scenarios and how your position sizing would have changed under different market circumstances. Enjoy the video! You can be better tomorrow than you are today! Mike Bellafiore One Good Trade The PlayBook No relevant positions Read more [...]


SMB Trade of the Week: PLUG

Mar 23rd, 2014 | By | Category: Mike Bellafiore's (Bella's) Blogs, Reading the Tape, SMB on TV, Trade of the Week
Mike Bellafiore, author of the “trading classic” One Good Trade and The PlayBook, talks about his SMB Trade of the Week in $PLUG. This stock was highly in-play this past week, presenting some great trading action which the desk was able to take advantage of. Highlights from this trade: 1) There were many variables involved in this trade - the big picture, technicals, reading the tape, intraday fundamentals and intuition. 2) A tweet from Citron was the news catalysts that triggered a significant move down in the stock. 3) Topping action was seen in PLUG which turned into the real short setup, below the 10.80 level. 4) Read more [...]


Trading’s Anomaly

Mar 9th, 2014 | By | Category: College Students Programs, Mike Bellafiore's (Bella's) Blogs, SMB on TV, SMB Video Blogs, Trader Development
Mike Bellafiore, co-founder of SMB Capital, spoke to students at Pace University about trading and the need to start early while they're in college if they want to get an edge in trading. Mike explains the anomaly in trading: just because you can walk on the field of trading doesn't mean you should do it. Enjoy the video! You can be better tomorrow than you are today! Mike Bellafiore One Good Trade The PlayBook No relevant positions Read more [...]


What Comes Next for the Profitable Trader?

Mar 8th, 2014 | By | Category: Mike Bellafiore's (Bella's) Blogs, Traders Ask
Hello again, Mike. I have a couple questions for you. First question: How do I overcome psyching myself out of the layups? I'm working to overcome an interesting challenge. I'm faking myself out of trades, or not taking them because they seem too obvious. It's right on the boundary between a) trading my plan and taking my signals and b) predicting. My inclination is to just take the signals with the correct risk. Just because it's obvious doesn't mean it won't work. I will be very careful however to not fall into thinking that's I've all of a sudden "mastered" anything. I think it's just indicative that the road map that Read more [...]


I Am Not Becoming as Good a Trader as I Expect Fast Enough

Mar 8th, 2014 | By | Category: General Comments, Mike Bellafiore's (Bella's) Blogs, Traders Ask
Hi Bella, I've been making some very steady progress since doing the DNA program last year. My monthly metrics show incremental improvement, and I've been enjoying putting in the work each and every day. Joining the SMB VTF has been a huge benefit, and communicating regularly with some of my DNA group has also been very beneficial. Today I encountered an accidental experiment for myself that provoked me to consider my recent trading and was wondering if you have the time to comment. First, I need to set the context. I feel I'm becoming much more consistent with my trading and building a foundation from where I can begin to Read more [...]


A Lesson from a Failed Trader (for Now)

Mar 7th, 2014 | By | Category: General Comments, Mike Bellafiore's (Bella's) Blogs
Trading is a very difficult sport. The representation of trading within the Financial Media Entertainment Complex is sensationalized and is intended to first entertain. Trading is a skill. You must build skill, then your PlayBook, and then you will be able to navigate yourself toward becoming a Consistently Profitable Trader. It's not a game of guessing, no-edge predicting, IQ, luck, false "conviction", or faux über confidence. It's the perpetual search for a slight edge with trades that make the most sense to you and you can manage in real time. Good luck saying that about trading on TV. This trader below got some of his start Read more [...]