Occasionally, I give a shout out to one of the less experienced traders on the desk for sharing great trading information. I am definitely not the type of person who offers faint praise. In fact, if you talk to those who are closest to me they probably would say that I am somewhat parsimonious with my compliments. So when I … Read More
Managing Your Position
There are many facets to being a successful trader. One element that tends to be neglected by aspiring traders is the concept of position management. Position management is a combination of observation and action. A trader must observe the price action in both the market and their stock to determine whether or not to take action on an open position … Read More
Give V a Chance
As intraday traders we can be hypersensitive to every tick in our stocks, sometimes to a fault. Been there. Totally understand. I am with you. Today in V if you did not give it a chance to run then this was a spot on example. Today was a day to give V a chance. I traded V in the afterhours … Read More
SMB in TheStreet.com – Western Digital Posts Banner Quarter
Mike Bellafiore, partner at SMB Capital, was cited today in an article on TheStreet.com about the weakness in WDC. You can read the full article here. Don’t forget to follow us on Twitter!
Reading the Tape: Gman Instructs Using A Real Trade (Video)
Gman, head trader at SMB Capital, shared some of his trading tape on Wall Street Cheat Sheet to show how he uses his tape reading skills to enter into positions and determine whether a stock is strong or weak.
Ready For A Break
After yesterday’s hard sell off into the close I was expecting some follow through to the downside. We did have some nice downside momentum this morning through the 108 level of the SPYs but by 11:00AM we were flat for the day and in consolidation mode. The price action was much different than last time we had a major down … Read More
Vegas Baby, Vegas!
The traders expo in Las Vegas is just another great excuse to visit Sin City and it is just around the corner (Nov 18-21st). We would like to continue adding value to your trading while there and we need another excuse to go have some fun. Rather than doing a booth setup advertising our training products we are interested in … Read More
Making Intraday Trading Decisions
I am frequently amazed at how many people think intraday trading is all about Reading the Tape. I am more amazed at meeting too many who believe trading is all about reading some pretty charts. And I am also surprised at how few intraday traders embrace intraday fundamentals. Well that is a lot to be surprised about. When I make … Read More