The wrong stop (IBM)

BellaMike Bellafiore's (Bella's) Blogs15 Comments

IBM drove on the open after gapping up.  At 52 week highs if you did not pay right on the open you were left to watch a 2 point upmove.  I am sure many passed on the first ticks opening drive play.  Flagging at 180.50 offered our easiest trade which I am sure many did not miss.  At 52 week … Read More

Rewind, Replay, Retrace

BellaMike Bellafiore's (Bella's) BlogsLeave a Comment

Today I found the hardest-working new trader on our desk  in Steve’s office, my partner, discussing how to get more out of your best trades. Steve explained the topic and remarked, “I thought you might have some ideas Bella.” Yesterday we blogged about knowing you are in an A trade.  When Dr. Steenbarger visited our firm last year he was … Read More