SMBU Trade of the Week: Facebook

Feb 23rd, 2014 | By | Category: Mike Bellafiore's (Bella's) Blogs, Trade of the Week, Trading Lesson
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Mike Bellafiore, author of the “trading classic” One Good Trade and The PlayBook, talks about his SMBU Trade of the Week in $FB. Even though he thought $FB was going to trade lower, when it broke out to the upside, he followed the price action and captured an excellent risk/reward opportunity.

Highlights from this trade:

1) You do not have to predict where a stock is headed to make excellent risk/reward trades.

2) Learn a swing pattern trade that repeats often for short-term traders.

3) Learn an important news catalyst that manifests outsized moves.

4) Review a specific consolidation pattern that is likely to move substantially away from this range.

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“You can be better tomorrow than you are today!”

Mike Bellafiore

One Good Trade
The PlayBook


Mr. Bellafiore is long $FB, $SWY, and short $CONN.

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