One of three In Play names discussed in today’s AM Meeting was SODA. It was gapping up to 36 which is a longer term resistance level. My initial thought was the news didn’t seem like a big deal and it would be a nice short on the Open against this level. As the market opened it traded a few cents … Read More
Free Webinar — Trading Large Gaps
The theme for Steve Spencer’s 2012 Webinar Series will be “Do The Right Thing”. On the second Webinar of the year, Steve will discuss Trading Large Gaps. Time: Monday, March 19th,2012 4:15PM-5:00PM Topics shall include: – The importance of pre-market prices and volume – How to use the “news” to develop a bias – When and how to use “the … Read More
Why I Traded MCP Today
My primary stock on the Open was GMCR. It is a classic momentum stock that had fresh news and a large pre-market gap. This type of setup is usually my #1 choice to trade on the Open if available. I have internalized the possible price patterns for this setup having traded it hundreds of times over the years. My second … Read More
Getting That One Good Trade
Mike Bellafiore, author of the “trading classic” One Good Trade, was mentioned in Straits Times during his trip to Singapore. To read the article click here: Getting That One Good Trade
AM Idea – March 9th 2012
Disclosure: Short: $GMCR, $AIG, $JPM, $P, $SPY Long: $HDY, $ZNGA
Surviving The Volatile Markets And Trade Confidently
Mike Bellafiore, author of the “trading classic” One Good Trade, was mentioned in Shares Investment Magazine during his trip to Singapore. To read the article click here: Surviving The Volatile Markets and Trade Confidently
March 8th – AM idea
disclosure: Short: $AIG, $C, $SPY, $P, $AGNC Long: $HDY, $TZA
Do not spend time mastering the shakeouts (VLO)
Hey Mike, Hope all is going well since we last spoke! I had a quick question for you that I knew you would be able to answer with ease with regard to watching the tape and getting shaken out. I’ve been trading on the LightSpeed simulator to better prepare myself for this summer when I take part in the 5-week training … Read More