This morning we tweeted our Best AM Idea (BAMI) in RIMM. Based on our observation from the after hours trading yesterday we thought it was likely that RIMM would bounce on the Open from 69.50 and have the potential to trade as high as 72. When the market opened RIMM quickly traded down to 69.50 and I got long. Not … Read More
Nice Idea But Poor Execution
I was interested in shorting CLF this morning below 73. My price alert was triggered when CLF dropped 73. It traded down over the next few minutes to 72.50. I offered some stock at 72.88 thinking that CLF would quickly bounce back before downtrending for the day. CLF did pop up to 72.85 but never traded up to 88 cents … Read More
Trader to Trader: Why You Shouldn’t Trade Alone
Bella sits down with MoneyShow.com to discuss the benefits of sharing information and trading as part of a team.
Traders Ask: How Do I Work on My Stubbornness?
I received the following email from reader Brent: Dear Bella, I have followed SMB Capital since WSW on Mojo and have been following the blog for several months now. I am impressed by the quality of content that you guys release and it has helped my trading greatly. I am a remote trader for a prop firm and have been … Read More
The Importance Of Not Relinquishing Gains
This morning I came in long a small overnight position in QCOM. Chop Spencer! But based on several factors I was looking for another sizable up leg. I bought additional shares right on the Open when a seller at 42.50 was lifted. QCOM quickly traded up another point. I took my profits when the buying pattern changed in the 43.70s. … Read More
SMB Morning Rundown – March 25, 2010
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
When The Tape Changes
My expectation for the past week or so has been that AAPL would break to new highs and offer another 10-15 points of upside. So each day I spend some time thinking about how to best enter an AAPL trade so that I will be in a position of strength when the breakout actually occurs. Based on the price action … Read More
Are You Videotaping Your Trades? Start Now!
Bella sits down with MoneyShow.com to discuss why videotaping your trades is a useful tool that all active intraday traders should utilize.