A Trader’s Thoughts

BellaMike Bellafiore's (Bella's) Blogs4 Comments

Today was an inside day after yesterday’s market break.  Statistically this was the most probable outcome.  The price action for the bulls today was terrific.  Again.  I have no evidence that we are heading down from the price action of late no matter what the proselytize via the blogosphere and traditional media.  And so what am I thinking about to prepare for … Read More

Morning thoughts for September 21, 2010

Joe PalauGeneral Comments1 Comment

Good morning traders. Market is up slightly overnight following a very strong session yesterday. Typically after a trend day the following day tends to see consolidation in the morning session.  On the open I will be much more inclined to take quick momentum profits than usual. I am also going to be looking to buy quick dropouts to afternoon support … Read More

Inside the World of Prop Trading: A Journey with the Disciplined Investor

smbcapitalGeneral CommentsLeave a Comment

Mike Bellafiore, author of One Good Trade: Inside the Highly Competitive World of Proprietary Trading, was featured on The Disciplined Investor. Mike talks with host, Andrew Horowitz, about the shift to high frequency trading (HFT) in the trading industry and the ways SMB has adapted to combat the adoption of HFT. Andrew does a weekly podcast, which can be found … Read More

Will the Real Level Please Stand Up? (Know Your Market)

AdamAdam Grimes's blogs, Intraday Levels, Technical Plays, Trader Development, Trading Lesson8 Comments

Traders watching the S&P 500 have at least four possibilities for market proxies (and most other major indexes have similar issues), but they’re not always created equal. Some instruments do some things better than others and some are completely inappropriate for certain uses. Let’s start with looking at the pros and cons for each SPY proxy: SPY: An ETF that … Read More