Posts Tagged ‘ adding size ’

Snapchat- When to add size

Jul 11th, 2017 | By | Category: General Comments
Traders often want to trade bigger.  Today SNAP offered an example to me of when and how. I was short Shapchat ($SNAP) intraday and scrolling through the SNAP positions of our other traders on the desk. I felt like I was not big enough in my short. I started to think where I could add to my winning position. First, one of our firm traders shorted into the close yesterday when SNAP dipped below its IPO price of 17 and held his position overnight. He was the biggest winner on the desk as SNAP gapped down, and traded down until EOD.  That swing overnight is one setup worth study for developing traders. But for those Read more [...]

Use the Tape to add size (SLV)

Apr 26th, 2011 | By | Category: Mike Bellafiore's (Bella's) Blogs
Silver has been on a tear.  Yesterday during our AM meeting we discussed some prices that offer excellent risk/reward opportunities.  Experienced traders know when something is about to happen.  When a stock will really move off of a price.  We might not know whether the stock will go up or down.  But we know this is the moment.  This is the catalyst for a major move.  And when we see it we get big.  And when the tape offers us protection we get very big. I was making my rounds on the Open talking with some traders. "SLV cannot hold above 46.85," said a trader who initiated a short position. I looked at his position Read more [...]