Here is a snap shot of the Up and Down Trend Columns in the SMB Radar as of 10:55 EST. The job of these scanners is what you would expect, they find stocks that are trending intraday. This takes care of a lot of the work we have to do as traders. From here you want to be sure the stock … Read More
Looking for a Bounce
When a momentum stock makes a misstep the market is very unforgiving. A few weeks ago we saw NFLX get hammered dropping around 80 points in a four-day period. This caught the attention of many short term traders. When a stock moves that far that quickly there is a lot of money to be made on the short side but … Read More
Someone Else’s Trading Cannot Fix Your Trading
I was on a call yesterday with an experienced trader who wants to do better. I also had a long talk this week with some new traders who want to do better. Finally, I received a ton of emails this month from developing traders who all want to do better. The above will never end. My most important task with … Read More
Live From The Floor
On Today’s show Steve discussed one technique for trading right on the Open. Stocks discussed were FMCN, LVS and SPY.
Traders Ask: Why did I struggle this month?
Dear Mr. Bellafiore, I am a daily reader of the SMB blog and I also really enjoyed your book. I have e-mailed you a couple of times before, and I respect your opinion greatly. I am writing because I am currently going through a difficult time with my trading. I started trading at the beginning of 2009, and have been … Read More
An idea to help improve your trading
Today we had an SMB Tradecast reviewing a play for the SMB PlayBook. A trainee records their best trade of the day in our SMB PlayBook template form and then sends me and the desk the trade. I choose the plays that I want to review for future SMB Tradecasts. An idea was shared that you might was to co-opt. … Read More
How Great Ideas Can Emerge From Trading Communities
I was on the phone over the last couple of days with two of our active Options Tribe members–Nagaraj Ramakrishna, who has developed an outstanding butterfly trade in the $RUT index and Charlie Ferguson–a remarkable weekly credit spread trader. They are each active members of our Options Tribe community, having both presented their trades recently on tribe meetings over the … Read More
A Scalp Trade on JBL
This is a post from our traders TO about a scalp trade he made on JBL from yesterday: My trading desk neighbor SW and I were both trading JBL today, with 19 as the key level of interest. Without knowing it, I took the opposite direction of his trade at the Open for a quick momentum scalp. SW got long … Read More