Thinking about stops in terms of probability and expected values.
Scottsdale Trader Meetup
Join Mike Bellafiore and the Scottsdale Traders and Investors Meetup Group, the largest and longest surviving active traders group in the Phoenix area on December 14th. Mike will be speaking with the Traders on the following: The trading fundamentals of One Good Trade from inside One Good Trade. How our prop firm makes trading decisions based on Intraday Fundamentals, Technical … Read More
Follow The Leader
As many of you know, I have been watching FCX as a market tell for some time now. Its’ chart is permanently on my screens as it has been an increasingly important market leader in the past few weeks. Going into today’s session I was watching FCX 96 and SPY 117.60 as my lines in the sand for the market. … Read More
Attack Your Trading Challenges Like a Navy Seal
Trading offers us so much opportunity for I can’t. Or this is too hard. Many thirst to be a consistently profitable trader but never build the skills to do so. It all starts with you. With your attitude. With your skill to build your trading mindset. So we want to get better. How do we do this? How do we … Read More
Morning Thoughts on November 29, 2010
Good morning traders, market unchanged has us opening near the lower bounds of the last two week’s trading range. This week I am going to be watching to see how we react with the SPY 50 day moving avg. This avg. is used by larger market participants as a place to add to positions. Besides this price as my ‘line … Read More
The Money Trade
This is the setup that has offered the highest win rate intraday since the beginning of October and the greatest risk/reward ratio. It is the setup that I chose to write about in a very cool trading book that will be released in 2011 and I discussed it last week in Vegas during our tape reading/intraday swing lecture. The Criteria: … Read More
Morning Thoughts on November 18, 2010
Good morning traders. Strong up move in the European and Asian markets overnight has S&P futures trading up about 1%. Today I am going to be focused on the descending trend line in the market which is now around 119.60. If the market is able to hold above this trend line, we could see new 52-week highs in the medium … Read More
The Hedge Fund Analyst
In this morning’s AM meeting I joked about the fund’s that were caught short in today’s gap up in DKS. Whenever I come across a stock that is heavily shorted like a DKS I try to put myself in the shoes of the people who think it is worthwhile to get short such a stock. It isn’t hard for me … Read More