The Risk of Not Being In It

BellaMike Bellafiore's (Bella's) Blogs3 Comments

So we were sitting around talking about who was trading what.  We came around to ROYL.  Some punched it up. “Nice!” “That looks really good!” There was some talk of 6.75 kinda being a level.  A quick glance at the intraday charts shows 5.65 resistance.  You heard some of: “I would love to pick that up at 5.30 into a … Read More

Monthly Options Spread Trading is a Twelve-Inning Game

Seth FreudbergGeneral Comments, Seth Freudberg's Blogs, Trading Psychology, Trading TheoryLeave a Comment

Imagine a major league baseball game, where your favorite team gave up no runs for the first eight innings and then twelve runs in the ninth. Are you happy if the opposing team gave up one run in each inning of that same game? Of course not. The opposing team won 12-9. Yet the opposing team “lost” each of the … Read More

A Reason to Lighten Up

BellaMike Bellafiore's (Bella's) Blogs7 Comments

Everyone wants to get big.  Great goal.  To trade big responsibly you must have ways to lighten up.  Today was one just way in QCOM. So Solo J was in QCOM and looking to get bigger.  QCOM was nicely above the longer term resistance at 53.  QCOM was also cleanly above a slight intraday level of 53.50.  A solid opening … Read More

College Traders Speaker Tour

smbcapitalGeneral Comments4 Comments

Mike Bellafiore will be speaking at Indiana University to potential up-and-coming traders. There has been a significant interest in trading among college students. SMB just started an in-house internship for college underclassmen to take our training program during a five week summer session. In this new age of trading, students have an edge if they can develop the skills early … Read More