I trainee stopped into my office today. “Bella I think I am looking at the charts too much. Any suggestions?”. On this blog, our seminars and public presentations we are one of the few firms that talk about Reading the Tape. Recently Stevie Cohen was quoted as saying the tape is not very useful these days. So true but intraday … Read More
Traders Ask- Doubling Down Bella?
In One Good Trade I offered this example of a RIMM trade: Today I got this email from SMBer Terry: Hello Mr. Bellafiore, I just have a quick question about adding size to a short in a weak stock that is working against you. In your book, you reference a play in RIMM around the level of 82. The play … Read More
SMB Morning Rundown – March 8, 2011
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
Trader Rant
Yesterday I wrote a blog on how to use the ideas from others to add to your trading game. At SMB we share a lot of what we do so others can learn. Yesterday a Reader took exception to something that we have shared, our best AM idea. I had something that worked for me, but I have lost my conviction … Read More
Discovering Purpose Beyond Profit & Loss: A Trader’s Journey to Building a Community
From Guest Blogger Fred Barnes of The Downtown DC Day Traders…………. The inspiration to pursue an endeavor can come from a myriad of sources such as the lyrics in a song, a scene in a movie, or even from a blog. The latter being my source. It was July 2010 when I read the following words in a blog: “If … Read More
SMB Morning Rundown – March 7, 2011
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
SMB University – Corey Rosenbloom on Market Structure
Corey Rosenbloom explains the structure of the trading day. Learn more of what Corey has to offer, through his site Afraid To Trade. Cory Rosenbloom – SMB University from SMB on Vimeo.
A Point of Clarification
We teach our traders/trainees/community to start thinking about the markets as we do. We make decisions based on three factors: Reading the Tape, Intraday Fundamentals, and Technical Analysis. We ask our desk to find the Stocks in Play. We ask our desk to trade intraday. It is our belief that this is the best way for a new and developing trader … Read More