Hello Mike, An appreciative follower here. There’s this question that has been floating in my head. I’m reaching out to you for abetter answer. When do you pay for breakout plays out of a range or through a key resistance? Do you: 1. get in earlier at a better price anticipating the breakout 2. hit the offer as soon as the key … Read More
Take your gifts when you get them
For butterfly traders like myself, there are scenarios that occur where a trade can appreciate very quickly. This can happen for several reasons. One of the very common causes of this phenomenon is when the trade is initiated in a high volatility environment and then the volatility is removed from the market rapidly. In other cases the market simply channels for the … Read More
A trading day ruined
Ever go from having your best day ever to negative? Below is a recap of one such experience. Big Baby did a wonderful job of analyzing his trades from yesterday. He was frustrated that he went from his best day ever to negative. I thought we would share his post trade review. The only way to get better as … Read More
SMB Fundamental Trades: #1: EP May 25th 2011
Thanks to everyone who responded to my initial post yesterday regarding the setup in EP. I think this series of posts is gonna be a lot of fun and we will hopefully continue to see a large amount of community feedback on how YOU would trade various setups. Because ultimately we each must develop a trading style that suits our … Read More
What is your “bread and butter” options trade?
Yesterday we held our second Options Tribe webinar on the subject of an SPX butterfly trade that I was involved in developing. This trade has become my “bread and butter” trade –the approach that I am comfortable trading under almost all market conditions and which provides a stable pattern of returns. Almost every great options trader that I know has his … Read More
Conversation With A Trainee At 10:45AM
trainee: “So this SLV isn’t really doing much this morning” spencer:”Yeah, pretty tight range” trainee:”it is just stuck in a 35 cent range” spencer leaves the desk to attend firm business at 11:00AM. second conversation at 12:20 when spencer returns spencer: “you long this SLV? finally broke out of the range” trainee: “no. i’m watching it.” ———— A large part … Read More
5/25/11 Market Overview and Swing Setups
@AdamG_SMB discusses setups and market structure in $SPY $ES_F $GC_F $GLD $SI_F $GMCR $VMW $MAKO $RIMM $HOC $COG $FNSR $NVDA $CROX $FOSL $PDS $LULU $ALJ $DTG $HIBB $NFLX $RRGB $ACOM $ATML $CRM $VHC $GLNG
The World’s Leading Traders Charity Webinar
Join Mike Bellafiore, author of One Good Trade, 4:30 to 5:30pm EST on Thursday 26th May for a charity webinar to assist earthquake victims in New Zealand and Japan. Mike’s webinar is titled: The PlayBook: Set ups for Your PlayBook. Set ups that you can make your own Plays our desk are using in this market Set ups to trade … Read More