Let It Breathe

BellaMike Bellafiore's (Bella's) Blogs4 Comments

As intraday trader we seek catalysts. By catalysts I mean something that will now make our stock move. And when we find a catalyst we then expect our stock to move immediately. But sometimes we need to let our stock breathe. Let’s discuss. There was an epic battle at 42 yesterday in STT. A secondary was announced at 39. Buyers … Read More

Trying Too Hard

smbcapitalGeneral Comments2 Comments

Today was one of my better days in the last week. This was not a coincidence as the stock I was trading was very in play and I was respecting the levels. My recent trading struggles have been all self-inflicted. Let’s discuss. It all started with COF. COF issued their secondary offering and underwriters were trying to support the stock … Read More

AOC Friday 5-1

smbcapitalGeneral CommentsLeave a Comment

Sharing information is very important on our desk. This helps newer traders learn more quickly and keeps more experienced traders in the know of all the major moves different stocks are making. There are two types of information that are most important to share. What the stock has been doing and how you are going to play it. In earnings … Read More

Momentum Versus Range-bound Trading

GualbertoTrading Theory13 Comments

Jarrett wrote: “How do you know when a stock will go from momentum/ trending nicely, to consolidating. This always get me in trouble. I will trade a stock, like IBN, from short side 32 to 30, than it traded 30, so i got short, then it bounces to 30.20 i cover, back and forth, and it turns out the stock … Read More

The Week That Was: May 11 – 15, 2009

GualbertoGeneral Comments2 Comments

The market finally showed some weakness this week. After closing near the rally’s highs at 93, the SPY gapped down on Monday morning, never being able to hold the 92 level, then the 90 level later in the week. Although we were pretty weak on Friday, we held above the 88 level which has been a huge inflection point over … Read More

SMB Away Game

BellaMike Bellafiore's (Bella's) Blogs10 Comments

Steve and I were asked to speak at a prop firm outside NYC this weekend. An old friend asked so of course we were available. It was an interesting visit. We learned a lot. I have traded for over eleven years. The one thing that I am certain of is that I still have so much to learn. Steve and … Read More

Random Thoughts

BellaMike Bellafiore's (Bella's) Blogs12 Comments

How did Steve make 5k plus trading MGM today? The guy is an animal. He never took lunch. I swear he would still be trading it if he wasn’t in an interview presently. MGM turned at 7.25 this AM. It was in an intraday downtrend. 7.25 was 25c from its secondary price of 7. And about 35c lower than GMan … Read More