I shared this because it moved above INTU into the #1 spot on SMB Radar “weak today”, while it was also #4 for “in play”. Stocks that appear across the top of multiple lists in the SMB Radar usually offer the best risk/rewards setups. A quick look the daily chart shows the next possible support area which had been resistance … Read More
Should Short Term Traders Consider Fundamentals? Part I
I believe the majority of market participants agree over longer time horizons fundamentals will influence the price of a stock. But what about in the short or medium term? Should intra-day traders or swing traders be evaluating fundamental news related to the stocks they are trading? Or should they simply focus on price action in relation to news? I have … Read More
Webinar Recording: The Playbook–Reasons2Sell
For the February 7th installment of our Webinar series, The PlayBook with Mike Bellafiore, Mike discussed Reasons2Sell: Getting The Most Out of Your Trades.
Placing Your Stops Correctly
If you become skilled at stop placements your win rate increases. It’s a skill that we teach traders on our desk but it is something that takes live trading experience to ingrain in a trader’s brain. Newb traders are all over the place in this area. You have some who will risk a few cents, which is awful in an … Read More
The PlayBook Webinar Series: Do You Exit Your Winning Positions Too Early?
Please join Mike Bellafiore, author of the “trading classic” One Good Trade, on Thursday, February 7th at 4:15PM EST for the free Webinar Series, The PlayBook. Tomorrow we will discuss Reasons2Sell, a way for you to build a better exit strategy for your trading. Click here to register for this free Webinar. As always Mike will take questions and encourage … Read More
Using The Tape: $PRGO
Reading the tape is an essential skill for actively day trading. The tape, also known as the time and sales window, shows the trader important information about order flow. It is a stream of data on price and volume, which are two important criteria for intra-day trading decisions . Tape reading takes time to learn and takes practice to understand … Read More
A Trading Conversation
When I began trading in 1996 the lifeblood of the trading floor was the chatter that was exchanged loudly between traders. If a trader was making money in a ticker that information was shared. If a trader found a favorable entry price that information was shared. If a large buyer or seller was identified that information was shared. I made … Read More
Forex: Trader of the Future
Ever wonder what the professional retail trader will look like in the future? I often wonder since I know how important it is to constantly evolve with the game. If you think what works today is going to always work, then you will be left behind. Human behavior does not change, but regulations, volatility and access to information does and … Read More