Let the market come to you. You cannot control your trading opportunities just managing your risk for the opportunities the market offers. – Bella
SMB’s Options Tribe 7 19 2011
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 options trading. Last week, Steve Lentz of Optionvue returned to … Read More
The First Step to Trading Success
MICHAEL BELLAFIORE Becoming familiar with a chart pattern is step one, says Mike Bellafiore, but from there, traders continue on a journey where they must always learn, adjust, and strive to hone their craft. Bella One Good Trade
Trading Thought of the Day – July 21, 2011
It is not how much money you made in a play that is most important. It is how well you traded it for your style. – Bella
Good Teamwork. Now Time To Focus.
Bella and I had a short conversation after the Open. He mentioned that a bunch of traders got into ECL on the short side and had made some nice chops. My mentee Sammy mentioned the trade to me as well. He said one of the traders in his row called it out and he took the trade blindly with a … Read More
Should you trade high-profile IPOs?
Wednesday, July 20th 2011 Watch an interview with Mike Bellafiore and the MoneyShow.com from the past Traders Expo in Dallas. Mike discusses that such IPOs typically present good set-ups only for short-term momentum traders. All others, use caution. View the video here
SMB Morning Rundown for July 20, 2011
Yesterday we had a large gap up and a strong rally in the afternoon. Good earnings continue to roll out, which gives market players a reason to take us higher. Market is holding above 133.25 today and we could see another uptrend day. Most of the attention will be on VMW, CMG, AAPL ,and an easier one FTNT. The best … Read More
Trading Thought of the Day – July 20, 2011
Too often we seen only the things that stand in our way. Instead, we should look for all the ways we can go over or around. – Simon Sinek