Posts Tagged ‘ the playbook ’

A News Pattern Trade: Full Year Beat or Miss

Feb 4th, 2014 | By | Category: General Comments
I am a pattern trader. Technical pattern trader. Tape pattern trader. News pattern trader. Whatever the pattern that makes sense to my trading brain, my risk preferences and trading sweet spot that gives me an edge in the market. For the patterns that make the most sense to me I build a PlayBook. One play in my PlayBook is the Full Year News Beat or Miss Trend Trade, another is the Full Year News Beat or Miss Reversal Trade, and then the Full Year News Beat Scalp Trade. One of the news patterns that I like most for short-term trading is the Full Year miss or beat on guidance. Below is a compilation coming into the Open on Read more [...]


Lessons from an Aspiring Moldova Trader

Jan 26th, 2014 | By | Category: General Comments
It is always so interesting and exciting to me to receive notes from aspiring traders all over the world. As much as we complain and carp about our markets, they are still the best in the world. Those worldwide want access to our trading opportunity. It reminds me of Churchill's famous quote: "It has been said that democracy is the worst form of government except all the others that have been tried." We might say, "Our markets are the worst, save for all the other markets." There is much to learn from this note below. I won't discuss what that is and will instead let you enjoy the learning nuggets. Dear Sir, I have just finished Read more [...]


“Best Stock Trading Book I Have Read, Easily”

Jan 18th, 2014 | By | Category: General Comments, Mike Bellafiore's (Bella's) Blogs, Trader Development
E. Ottens recently wrote a glowing review of The PlayBook for Amazon. We thought you would like to see it: The second-best was Bellafiore's first book, One Good Trade. I've worked at a prop firm for a couple of years and have been consistently profitable for the last nine months. I would advise anyone considering this as a career to get these books. If you have to get one of the two, get this one, The Playbook. I like the overall philosophy and I like the specific details. I went through weeks of training at my company—which was great—it was stuff not in the other dozens of trading books I'd read, but I would have loved to Read more [...]


Sign Up for Our Free Trading Webinar: How to Achieve Your Trading Goals for 2014

Jan 7th, 2014 | By | Category: General Comments
"You can be better tomorrow than you are today!"-- Mike Bellafiore, The PlayBook At SMBU we asked our trading community to share their trading goals for 2014 with us. If you have not shared your trading goals for 2014 with us, please consider sharing them here. I made a list of my goals in a recent post, Seven Goals for This Trader in 2014. Perhaps this post will help jump start your list. SMBU will compile the trading goals from our trading community survey and then offer solutions to achieve these goals in 2014 during our next free webinar. Our next Free Webinar is Thursday January 9 at 6pm ET and we will discuss: How to Read more [...]


What are Your Trading Goals for 2014? Share Them Here

Jan 6th, 2014 | By | Category: General Comments
Happy New Year! An exercise we ask all of our prop traders in NYC to complete at this time of the year is: Trading Goals for 2014. And then our prop traders will work with their mentors on a plan to achieve these goals. At SMBU, we would love to hear from you about your trading goals for 2014 and of your plan to achieve them. SMBU will compile your answers, keep them anonymous, and then hold a special webinar next Thursday offering solutions on how SMBU community members can achieve their trading goals. Please respond here with your Trading Goals for 2014. Please sign up here for our webinar: How to Achieve Your Trading Read more [...]


Should You Develop Process AND Performance Goals for 2014?

Dec 10th, 2013 | By | Category: General Comments
Hello Mike, I hope you have had a happy holiday and great end of the year since last time I saw you in Phoenix earlier this year. I have been working on creating 2014 goals for my portfolio but I ran into a problem that maybe you can advise on. The main goals consist of having certain % returns or improving my winning-to-losing trades ratio from last year. The problem I have is I don't know how to improve my results, i.e., I will have gains on 50% of my trades by doing X. What is the X? Or is it just keep reading and studying as much as you can? My main goal is to improve my portfolio and stock picking every year Read more [...]


Chairman Bella Says This is a Strange and Opportunistic Market

Dec 3rd, 2013 | By | Category: General Comments
Mike Bellafiore, author of The PlayBook and One Good Trade, served as Chairman to The Trading Show New York. Bella was asked to outline his views on this market. His take? This a strange market—and a market of opportunity, opportunity, opportunity. See his PowerPoint presentation below as Chairman to learn why and to prepare for trading in 2014. You can be better tomorrow than you are today! Mike Bellafiore One Good Trade The PlayBook No relevant positions Find Your Trading Confidence in Just Ten Weeks Discover the principles of elite performance and the eight core topics that have the greatest Read more [...]


A Message from Trading Coach Bella

Dec 2nd, 2013 | By | Category: General Comments
Mike Bellafiore, author of One Good Trade and The PlayBook, signed the book you see below for a winner of the BigMikeTrading Contest. Ten winners received signed copies of Bella's new book The PlayBook, which has been received quite well by the trading community. If you missed this webinar you can watch a replay here. We hope you enjoy it! The SMBU Team No relevant positions Find Your Trading Confidence in Just Ten Weeks Discover the principles of elite performance and the eight core topics that have the greatest impact on your trading success. Read more [...]