Dear Mr. Bellafiore, My name is (deleted), and I’ve contacted you in the past. One of our conversations ended up on your blog and eventually made it into your book (http://www.smbtraining.com/blog/should-this-trader-make-a-comeback). Your responses to my inquiries have always been courteous and insightful, so I’m turning to you once again for some more advice. With the full support of my spouse, … Read More
Two Lessons from an Improving Trader
Hi Mike, I just wanted to take the time to say thank you. A friend of mine recommended your book ‘One Good Trade’ (so much so he had ordered it for me insisting I read it) and it has not only helped my trading in so many ways, but has also been very inspirational! If you don’t mind, a little … Read More
Recording: Andrew: Buying Long Options Using Market Signals
Andrew presents how he trades long options using his new open source indicator that finds trend entries and exits. Enjoy the video! Risk Disclaimer no relevant positions
Finding and Increasing your Trading Edge
One trader on our desk offers a best practice to emulate. This trader had been gross negative 3/4 past months prior to June. He is a hard worker, focused on the markets, disciplined and well-trained. He is one of the guys who can make it. Yet, while I wouldn’t say it was a large deal that he was not yet … Read More
Multiple Strategies – Automated Opportunities
Earlier this week we looked at SUNE which was setting up for a long. Now we’ve got the hourly rejoining the Daily/Weekly and it’s time to trail the position for as long as it wants to run. WMT and SPWR were also trades that showed up on the TEA Radar that have been trading nicely – often defying the broad … Read More
Properly Setting Your Trading Goals to Lower Stress
As traders we often set some sort of performance “goals”. We might say something like “My goal is to make $5000 per month trading”. There are problems with that goal, the biggest problem being that we don’t actually have control over how much money we make in any given trade. We might have a lot of influence on how much … Read More
Options Trading for Income with John Locke for June 16, 2014
Risk Disclosure No relevant positions
Trading Education: Mastering Gap Trading Methodology
On June 4th we posted a pre-market video in which I discussed a potential “gap fill” trade in TIBX. When a stock gaps outside of the prior day’s range you have three options. Play it for a continuation in the direction of the gap, play it to fill some or all of the gap, or simply take a pass on trading it. I have … Read More