I received this email last night about an excellent risk/reward opportunity in PM. The SMB Reader below is asking all the right questions. But I ask you for a fun exercise. Where would you have sold? Hello mr. Bellafiore, Thank you very much for sharing your trades and ideas in SMB blog. I am reading it every day and it … Read More
One Good Trade ($PLCM)
I struggled with RVBD. I struggled in LRCX. Same with CREE. And ABT. And BAX. My EBAY trade did not work out as I expected. Nor CRUS. I was sitting in my office a few minutes ago talking to a frustrated mentee saying: “I cannot seem to make money in anything.” “Others around me seem to be making money except … Read More
Free Options Webinar: SMB’s Options Tribe: Tuesday, October 25, 2011 at 5pm EDT: Earnings Plays
Tuesday October 25, 2011 at 5:00 pm Eastern Daylight Time SMB’s Options Tribe is an online community of options traders dedicated to sharing successful options trading ideas with all of our members worldwide. Each week the community will meet online for the primary purpose of watching live presentations made by outstanding veteran options traders and experts in the world of … Read More
In Play Snapshot at the Close
This is an end of day snap shot of the SMB Radar In Play list. This is the most important function of the scanner. The Radar uses a number of proprietary algorithms on a pre-screened universe of stocks and processes every tick in search of finding stocks that are In Play. These stocks have unusually high order flow that indicates … Read More
The Inner Voice of Trading by Michael Martin
I have been anticipating the release of The Inner Voice of Trading for months now. In full disclosure Michael Martin is a friend of mine and I endorsed this project on the back cover. Also, Steve Spencer and I were interviewed for the book. With that out of the way my anticipation stirred mostly because this was a book from … Read More
I Cannot Hit My Losers
Dear Bella, I have been a fan of the work you all do here on the SMB Blog, bringing interesting and informative trading thoughts and ideas to us. You occasionally provide responses to readers’ questions so perhaps you’ll do the same for me. After a few years of part-time study and now seven months of full-time attention, I have reached … Read More
Three Ways To Overcome Your Fear From Past Trades
Traders are a skittish bunch. We can make the same trade a hundred times, but the one time a left-field event occurs, it can spook us forever. The other night, I let the dog outside before bedtime. He’s a seven-year-old Boston Terrier, so I’ve done that literally a couple thousand times. This time, however, he returned to the porch with … Read More
The Hunted
“They’re just hunting for stops!” says a frustrated trader as a position once in the money is now stopped out. I have been hearing this a lot on our trading desk. I heard GMan say it this open. I know I was thinking it last night. Definitely heard some guys who sit near me trumpeting this wall street cliche. We … Read More