The Weak Today column ranks stocks based on the price change relative to the stock’s opening price. These stocks tend to have weak opening drives and continuation moves. When looking through the column, we always take note at how In Play the stock is to gauge the validity of the move (Bright Red to Dark Blue). Today there have been … Read More
Forex Trade/ Our risk reward
Before entering a trade, we should know what is our return based of our risk. Taking risk is the price of achieving returns; therefore you cannot cut out all risk. It is not completely true about the fact of an investor who takes on more Risk expects higher Returns. In the picture below, you can see the risk involved with … Read More
And the Probability Is……Part 2
You see the chart pattern or play but the action before does count. Take a stock that trades down off the open then consolidates forming a nice support line. This line breaks so the chart says sell it short. Seems like a high probability trade right? But what if its 12:30 pm? Do you think the fact that its lunch … Read More
How to find the best stocks into the close
Good afternoon Mr. Bellafiore, I hope this message finds you well. I received your email by attending the event you spoke at in DC (which was really Rockville, MD). I read your blog everyday & find it extremely helpfull for my trading. I also completed the SMB Foundation ealiear this year. That’s an incredible program! The reason I’m reaching out … Read More
Free Options Webinar Today at 5PM EDT. The Options Tribe: An approach to Iron Condors
Tuesday August 23, 2011 at 5:00 pm Eastern Daylight Time SMB’s Options Tribe is an online community of options traders dedicated to sharing successful options trading ideas with all of our members worldwide. Each week the community will meet online for the primary purpose of watching live presentations made by outstanding veteran options traders and experts in the world of … Read More
Getting in your own way (HPQ and GS)
I received a very good analysis of a trader’s HPQ trading after the close. Let’s take a look and then discuss. HPQ – Considering I was in the opening drive, I definitely should have made money in HPQ today. After fees/etc. I’m sure I was down in it. I bought some (but not enough) above the 24.30-35 area. I got … Read More
SMB Radar Update – Low IPR Day
IPRs are hanging low today. $SPY at a 1.0 reading tells us that the general market is not In Play. This means breakouts with follow through are low probability in the $SPY and highly correlated stocks. As of now only 2 stocks in our universe are trading with a > 3.00 reading. I’ll be watching the Price Spike for opportunity … Read More
And the Probability Is….?
Intraday trading is not about predictions or fulfilling your need to be right. It’s simply about finding spots to trade that offer high probability risk to reward. Most aspiring traders take this thought and run to the charts. They will search and study until they find a pattern or play that seems to repeat with a predictable outcome. They will … Read More