Dear Bella, Where would your stop loss be for the lot you added when the sellers won at 76? More importantly, how does one determine the right spot to place your stop loss or your “line in the sand”, so to speak? I also traded BIDU today and I had 76.50 and 76.00 marked as key levels. I missed my … Read More
Don’t Give Away An Edge
The market had a broad rally on Tuesday. When we came into the office on Wednesday we cautioned our traders against chasing moves in stocks that could be a bit overextended when the market opened. Our thought process was to look for safer long entries based on the prior day’s support levels. I think you probably know how the rest … Read More
SMB Trade of the Week- Important Technical Resistance Level Trade (BIDU)
Each week we share with you a trading pattern that we use consistently on our desk. Like most successful traders we have measured the win rate for this trade. In short we are giving you an intraday trading pattern that works. In this SMB Trade of the Week we will share an Important Long Term Technical Resistance Level Trade that … Read More
SMB Morning Rundown – July 22, 2010
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
Traders Ask: How Do You Find Your Stocks?
I received the following email question from Reader David: Good morning Mike, Firstly thank you for taking the time to talk to me the other day all the way over in NZ. As I have mentioned before, my passion for trading has lead me to buy and read alot of trading books. But all that reading cant make up for … Read More
SMB Morning Rundown – July 21, 2010
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
Rewind, Replay, Retrace
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
One Good Trade Hits the Shelves
In One Good Trade: Inside the Highly Competitive World of Proprietary Trading, author Mike Bellafiore shares the principles and techniques that have enabled him to navigate the most challenging of markets over the past twelve years