Thinking about stops in terms of probability and expected values.
Traders Ask: Any Advice on these Trades?
Mike, I’ve been lately having a hard time executing my trades properly. I find the setups, my analysis is correct, yet myfingers don’t follow up with my brain! I wrote a blog post about it, and reach out to you to tell me what you think could be done. http://bit.ly/gtTprL Hopefully you’ll have time to look at it and perhaps … Read More
Better Stop Prices
During a group meeting a New Trader shares,”I set my stop at 75c.” I say, “Set it at 74c.” Later a New Trader discussing another stock shares, “I set my stop at 35.04.” I reply, “Set your stop at 6c.” Yesterday in The SMB Blog we asked one of our readers to consider a better stop for a trading play. … Read More
Morning Thoughts for December 1, 2010
Good morning traders. Simply put, the market is in a range between SPY 120.40 and SPY 118.50. A break and hold above (or under) these prices will get me in the market looking for follow through. In regards with today’s session we have a large gap to the top of the two week range. I am going to be cautious … Read More
SMB Morning Rundown – December 1, 2010
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
FCX: One way to catch a top
AdamG_SMB shows one way to catch the turn in a strongly trending stock.
Traders Ask: Was I a Wuss?
Hey Mike And Steve, I had a question for you guys about risk and how you guys manage it psychologically. For some reason, when trading on my Lightspeed Platform, my risk tolerance shrinks, and I punch out of stocks way to early or cannot sit through pullbacks when a stock goes negative on me. I get nervous it will just fall out of … Read More
Scottsdale Trader Meetup
Join Mike Bellafiore and the Scottsdale Traders and Investors Meetup Group, the largest and longest surviving active traders group in the Phoenix area on December 14th. Mike will be speaking with the Traders on the following: The trading fundamentals of One Good Trade from inside One Good Trade. How our prop firm makes trading decisions based on Intraday Fundamentals, Technical … Read More