Catch Bella at the Los Angeles International Traders Expo June 9 – 12.
A ?4 the Trading Community- Should I Short?
Dr. Steenbarger helped me recognize one of the improvements we could make at SMB awhile ago. The partners and Senior Traders must be responsible for a great deal of teaching and mentoring. But if traders are not leveraging the talent of all firm members then that firm is not offering the best learning environment. Traders learn from other traders and … Read More
One Observation From The Trading Day
Being in the right stocks will largely dictate the type of day you will have. If you are in the most In Play names you are going to generate PnL commensurate with your skill level. This is why we have an AM Meeting to discuss the stocks that are most likely to be In Play for the day. Even if … Read More
Old School Lessons from Mike Bellafiore
Mike Bellafiore, Partner at SMB Capital, and author of One Good Trade: Inside the Highly Competitive World of Proprietary Trading was featured in the recent issue of SFO Magazine. In his article, Old School Lessons For Mastering Today’s Markets, Bella discusses what it takes to become a great trader in today’s changing market. A must read for new traders! The … Read More
SMB Morning Rundown – June 1, 2010
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
Ten Mistakes by BP a Trader Should Never Make
1. No Exit Plan. There was no exit plan for if the rig (RIG?) exploded. Before every trade we must decide where and how we will exit BEFORE entering the trade. 2. Live to Play Another Day. It is not definitive that BP is a viable company going forward even with 6.08 Billion in quarterly profits. 1) When will the … Read More
Intraday Reversals Indicate What?
In the final 3.5 hours of trading Friday we touched 109 three times on the SPY and 110.30 twice. Generally, this type of up down action does not instill much confidence in market participants, and many believe it is a sign of lower prices to come. I’m not in that camp. Someone definitely was dumping a couple of billion dollars … Read More
Embracing the Value of Keeping Charts by Hand
Keeping price charts by hand can shorten your learning curve.