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
SMB Morning Rundown – July 20, 2010
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
I Want to Be in this Trade!
Today trading BIDU I made two trades that are very different. One was a trade with which I had supreme confidence. The other was a good trade that probably would work but I wasn’t sure. One was an A trade. The other wasn’t. One can make my month. The other can cause heartache, like that girl who just isn’t available. … Read More
Trading Quote of the Day – July 19, 2019
“There is the plain fool who does the wrong thing at all times anywhere, but there is the Wall Street fool who thinks he must trade all the time.” Jesse Livermore
SMB Trade of the Week: BP
Watch SMB Trade of the Week, an Intraday Reversal in BP.
SMB Morning Rundown – July 19, 2010
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
The Future of Intraday Trading
A few years ago two of our best traders knocked on my office to chat. They had an idea. They were interested in trading a swing account with the firm. I suggested that they come up with a list of patterns they wanted to trade and come find me. They never reapproached me with specific enough set ups and worse … Read More
Intraday Trading Principle
Basic Principle: If a stock moves quickly in either direction accompanied by a huge surge in volume then all trades placed in that stock should be made on the side of the initial move. Examples: MON (11/9/09) TIVO (3/4/10) (5/14/10) V (6/21/10) GS (4/16/10) (7/15/10) BP (6/9/10)