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
AAPL “unpins” at 3pm on Friday–problem or opportunity?
Options tribe member Craig Wassenberg and I were corresponding as usual last Friday as the July monthly options expiration day had arrived. I asked Craig what he was watching and his reply was not surprising–many of the usual suspects including GOOG, AAPL and BIDU. Craig was concerned about trading GOOG, given its monster reaction to last week’s earnings–not the safest environment … Read More
The Minds of the MoMos
In The Stocktwits Edge I write about the fact that I have spent most of my career trading stocks that are followed by a very distinct and specific group of traders. The momentum hedge fund traders who I like to refer to as “momos”. I have observed how they move internet IPOs, secular growth stories, and other various tech startups … Read More
Trading Thought of the Day – July 14, 2011
I look at a hundred deals a day. I pick one. – Gordon Gekko