In today’s AM Meeting I highlighted a short setup in Apple. It was based on the prior day’s price action. This pattern not only applies to AAPL but to the market more broadly and is important to learn. When the price action on the Open confirmed my short thesis I entered an automated script to get short between 131.30-131.50. Downside … Read More
Game Plan Review–$FSLR $SPWR $AAPL $MU $TOL $HD
Each Tuesday after the market close I spend some time reviewing trades from our pre-market game plan. The game plan is shared every morning with traders on our desk and SMB Trader 90 members. One of our 7 trading fundamentals is “proper preparation”, which means having a process for selecting stocks to trade each day. Our AM Meeting is one way we help young … Read More
The Value of Building a Trading/Investing Network
On the top left hand corner of one of my 6 trading screens (and above the ice tea with lemon) stands a list of professional traders that I follow on StockTwits and Twitter. This is my intraday trading social media trading network. I need it to make better trade decisions- as much as my ice tea or perhaps your ice … Read More
Trading a Special Dividend
A special dividend can be a high probability trading setup. $COST paid out a one time dividend of $5.00. The stock was bid up ahead of the record date and sold off the day after. In this video, Steve discusses how you can capture this trade. *no relevant positions
It Feels Like Everyone on the Street is Waiting for this Trade ($GENE)
Here is the trade everyone is waiting for in $GENE. We wanted you to be prepared. Here is one trader’s scalding analysis calling for a steep drop imminently. I hope this video gives you a trade idea to consider. *no relevant positions
Creating a Trading Network (video)
This is a funny anecdote from a meeting between two traders who I respect. One is a bull, while the other is a bear. Both have a long track record of profitable trading. They met recently to talk trading and the interchange started politely and then…… This trading video highlights the importance of creating a trading network so you make … Read More
SMBU’s Options Tribe Webinar: Mike Bellafiore: Eight trading lessons from a prop desk
Today, Mike Bellafiore, noted author and founding partner of SMB Capital, returns to the Options Tribe to discuss the wisdom that he has accumulated from his many years running a proprietary trading desk. It should be fascinating as always
The Essence of Short Term Trading
I have been spending time since this morning reviewing trades going back to the beginning of the year. In this video I outline several factors that short term traders use on a daily basis to accurately predict short term price movement. In recent months I have begun to use “scripts” to take advantage of these predictions. In the near future I … Read More