Watch Bella explain how he traded two excellent IPO opportunities today. You might notice both were not named Alibaba 🙂 “You can be better tomorrow than you are today!” Mike Bellafiore is the Co-Founder of SMB Capital and SMBU, which provides trading education in stocks, options, forex and futures. Bella is the author of One Good Trade and The PlayBook. … Read More
How I Traded Alibaba ($BABA)
Before the Open our newest traders met at my desk to discuss the stocks to watch, including $BABA. When trading IPOs there are two important considerations: 1) momentum 2) technical levels Below yesterday low of 89.50 tipped the momentum down. Below 89.50 and BABA was at all-time lows, if you can say such a thing about an IPO trading 30 … Read More
The Easiest Trade During the $BABA IPO
Watch this video below on how to attack the $BABA opportunity by trading $YHOO. The $YHOO short was the easiest trade during the $BABA IPO session. Watch Bella explain this excellent risk/reward trade with SMB’s new traders. “You can be better tomorrow than you are today!” Mike Bellafiore is the Co-Founder of SMB Capital and SMBU, which provides trading education … Read More
How Many Trades Do You Find Each Day?
Hi Bella, First of all I would like to thank you for everything that you do for us traders. I’ve just started to read The Playbook and I’m sure it will help me develop as a trader. I’ve one question though, in Playbook you write that we should archive trades in our Playbook that makes most sense to us. Well … Read More
Learn To Trade Before You NEED To
Whenever market conditions are similar for an extended period of time it’s not that difficult to come up with a trading methodology that works remarkably well. When this happens I’ll see two things. First is a bunch people selling advisories and set ups. And second are traders who think they’ve found the Holy Grail and want to retire. From early … Read More
It is all BS
Hi Mike, I am writing this letter to tell you how an ordinary trader can see things from a totally different perspective after reading the “The Playbook”. I appreciate your firm for the information it disseminates to the aspiring trader community. I tried to catalog my trades (for eight months—my trading life) as suggested in the book. Results: 1) I make … Read More
We are Hiring! Trading Floor Manager in NYC
Our trading desk in NYC is looking for a new Floor Manager. If you are interested, please apply here. We are looking for someone with trading and supervisory experience to work on and oversee the trading floor in our NYC office. Ideal candidates will have considerable experience in both trading and overseeing traders and trading risk. (This position will also … Read More
Top Ten Trading Books
I had a wonderful conversation with a retail trader who has read 194 trading books. Wow! This gentlemen has a passion for trading and reading about trading. I was actually speaking to him about our firm backing his trading. He has developed a track record while working full-time in the Heartland. For those of you trading retail who dream of … Read More