Technical Plays

GoPro ($GPRO) Momentum IPO Trade

Jun 27th, 2014 | By | Category: Mike Bellafiore's (Bella's) Blogs, Technical Plays, Trade of the Week, Trading Lesson
Mike Bellafiore, author and co-founder of SMB Capital and highlights a Momentum Trade opportunity in the IPO GoPro (stock symbol $GPRO) with our college training class. Some Highlights: Mike explains the buy signal for this momentum trade. Technical levels in IPOs just one trading day old are significant. Understand this is a momentum trade which has little to do with the company's fundamentals. How do you exit? Enjoy the video! "You can be better tomorrow than you are today!" Mike Bellafiore is the Co-Founder of SMB Capital and SMBU, which provides trading education in stocks, options, forex and Read more [...]

The PlayBook Checkup (Shooting Star Continuation Pattern)

May 20th, 2014 | By | Category: Technical Plays, Trading Lesson
Below is our newest installment of the 2014 edition of The PlayBook Checkup with Bella, author of One Good Trade and The PlayBook. During these sessions a trade archived by a Junior Trader from our desk will be reviewed by Bella. Attendance is free for SMBU Tools subscribers, who can also ask questions during the event. In this video a Junior Trader talks about his trade in $SCTY: Daily Chart Rollover- Shooting Star Continuation Pattern. Highlights of this trade include: a) Learn how to use other stocks in the Solar sector as information b) Learn a shooting star chart pattern c) Use the strength or weakness of the market Read more [...]

Trading Tip of the Day: The Intuition to Feel You Have No Edge

Feb 9th, 2014 | By | Category: General Comments, Technical Plays, Trader Development, Trading Ideas, Trading Lesson
Welcome to SMBU's Trading Tip of the Day. Below watch Mike Bellafiore, author of One Good Trade and The PlayBook, share his Trading Tip of the Day with the trading community. In this episode, Bella discusses gaining the intuition to feel you have no edge in a trade. And that it is then better not to waste your intellectual, emotion, and financial capital on that trade. Better to go get your shoes shined as Bella did. Learn to turn an active trade into a no trade. We hope you enjoy. You can be better tomorrow than you are today! Mike Bellafiore One Good Trade The PlayBook No relevant positions Read more [...]

Trading Lesson: 2nd Day Trade—$ADBE

Dec 21st, 2013 | By | Category: General Comments, Steven Spencer (Steve's) Blogs, Technical Plays, Trading Lesson
Adobe (ADBE) announced their earnings recently and the stock had a big change in price the following day. The stock had heavy volume, which is something I look for to setup a trade for the next trading session. This is one of the easier trades we teach in our training program and it’s called “2nd Day Plays”. After a stock has some type of catalyst, it attracts many large market participants who take positions on the first day. As short term traders we are trained to analyze that price action and then develop a plan of action for Day 2. TRADE MANAGEMENT I like to see the stock pull back from the previous day’s highs Read more [...]

Trading Lesson: Explosion After Rest—$TWTR

Dec 16th, 2013 | By | Category: General Comments, SMB Video Blogs, Steven Spencer (Steve's) Blogs, Technical Plays, Trading Lesson
Today’s video trade review highlights a few key points for short-term equity trading. One, how to identify important “inflection points” which can be used as the basis for low risk high reward trades; two, when to consider getting back into a position that doesn’t work initially; and three, how to actively manage a position versus taking your hands off the keyboard and letting the trade work for you (a very difficult skill for less experienced and higher time frame traders to master). If you enjoy this post please share via buttons at top. Thanks. Steven Spencer is the co-founder of SMB Capital and SMB University Read more [...]

Trading After the Debt Ceiling is Raised (Video)

Oct 15th, 2013 | By | Category: General Comments, Technical Plays
Yesterday during our After-Hours Review our desk discussed attacking the markets after the debt ceiling is raised. Our preparation started yesterday. If you're wondering how you might trade the markets after an announcement, perhaps this video will help. Notice that we run through different strategies: 1) Buy buy buy instantly 2) Wait for the market to settle and start a trend 3) Short the news 4) Fade a quick up move As a trading partner it is my job to run through different scenarios and not mandate that our traders do an xyz or 123 trade after an announcement. If for some reason the debt ceiling is not Read more [...]

Looking For An Oversold Bounce– $YRCW

Aug 10th, 2013 | By | Category: General Comments, Steven Spencer (Steve's) Blogs, Technical Plays
YRCW reported disappointing earnings on Wednesday and gapped lower. It moved very well off of the previous S/R levels 22 & 25 (see chart below). On Friday it traded below 22 as selling began to pick up again and it closed at 18 which corresponds with its pivot low from May & June. The large surge in volume as it approached 18 caught my attention and I opened a long position (chart to right). When it bounced to 18.75 I sold 25% of my position to cover some risk. I would be more committed to this position if it can hold above 19. I asked my friend Kora Reddy from @paststat to run a statistical analysis on the likely Read more [...]

Proper Preparation Disguised As Luck– $WLT

Aug 4th, 2013 | By | Category: General Comments, Steven Spencer (Steve's) Blogs, Technical Plays, Trading Lesson, Trading Psychology
I was long WLT two weeks ago as it was trending higher from 11 to 14. Then they made an announcement after the close about a new financing deal and it gapped lower the next morning causing me to give back a decent chunk of my profits. After trading down to 12 in the morning where it did huge volume it consolidated for 90 minutes then started a second down leg. Many traders on the desk got short and were paid with a 50 cent down move. The next morning WLT spiked up to 11.90 on the Open and offered a great risk/reward short trade. Prior support areas that trade huge volume become resistance as many hope to exit positions when they Read more [...]