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
Passionate Traders Please Apply
Tuesday, July 19th 2011 Watch an interview with Mike Bellafiore and the MoneyShow.com from the past Traders Expo in Dallas. Mike Bellafiore discusses some of the key traits that he looks for when hiring proprietary traders and tells why passion and a thirst for knowledge sits atop the list. View the video here
SMB Morning Rundown for July 19, 2011
Market broke below SPY 130.70 ystdy but rallied in afternoon. big companies now reporting earnings and having positive reactions. if we get above 131.50 today and hold i am very focused on being long with next major resistance at 132.75. The best AM idea is MOS with 68 as the inflection point.
Trading Thought of the Day – July 19, 2011
Nothing in this world can take the place of persistence. Talent will not, nothing is more common than unsuccessful people with talent. Genius will not; unrewarded genius is almost a proverb. Education will not; the world is full of educated failures. Persistence and determination alone are omnipotent. – Calvin Coolidge
Trading Thought of the Day – July 18, 2011
A stock that trades poorly on the open may get better midday. – Bella
Focus on the Method Not the Money
Monday, July 18th 2011 Watch an interview with Mike Bellafiore and the MoneyShow.com from the past Traders Expo in Dallas. Mike Bellafiore discusses how traders should be fixated on their methods rather than their P&L. View the video here