Disclosure: Short: $GMCR, $AIG, $JPM, $P, $SPY Long: $HDY, $ZNGA
Surviving The Volatile Markets And Trade Confidently
Mike Bellafiore, author of the “trading classic” One Good Trade, was mentioned in Shares Investment Magazine during his trip to Singapore. To read the article click here: Surviving The Volatile Markets and Trade Confidently
March 8th – AM idea
disclosure: Short: $AIG, $C, $SPY, $P, $AGNC Long: $HDY, $TZA
Do not spend time mastering the shakeouts (VLO)
Hey Mike, Hope all is going well since we last spoke! I had a quick question for you that I knew you would be able to answer with ease with regard to watching the tape and getting shaken out. I’ve been trading on the LightSpeed simulator to better prepare myself for this summer when I take part in the 5-week training … Read More
Was It Worth Trading?
After the market closed yesterday P released their earnings. It was immediately sold aggressively down to 12.50. A controlled bear flag developed with the next major support about 2.5 points lower. I noticed on the StockTwits stream @ldrogen say the conference call was not going well at all. From the back of my mind emerged my negative bias having watched … Read More
March 7th – AM idea
disclosure: short $DSCO, $P
March Trading Madness
I received this email from an SMB trader after the close today: After watching some of the VCU v. Drexel college basketball game last night I wanted to take the VCU head coach’s mantra of “Aggressive, Confident, Loose” to trading. I was more aggressive than usual with my size in the plays I was involved in. However, I was doing … Read More
I Love Being Wrong
As a pro trader my bias in a stock is largely a result of the price action. As I observe the price action I start to ask myself questions like what are the other players in the stock doing? What are the big institutions doing? Are swing traders buying or selling now? Are intraday momo traders trying to play the … Read More