During the AM Meeting I spent a few minutes discussing the importance of focusing on the “right stocks”. The right stocks are one’s that have the attention of a sufficient number of market participants to cause them to have powerful and clearly defined moves on many different time frames. Too often traders attempt to execute trades in every stock that … Read More
SMB Morning Rundown – September 7, 2010
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
A blast from the past: A note from myself in 2002…
A very simple pattern that is the basis for all price action.
Traders Ask: How Do I Read the Order Flow in an ETF?
Question: Hey SMB Prop Traders, Keep up the hard work I have a lot of respect for what you guys do. I’m currently heavily engulfed in learning the in and outs of trading before committing to any positions. Something that has been playing on my mind since reading an article in the Australian Financial Review regarding EFT transactions is … Read More
Top Ten Best Things About Being Overworked
10. You miss a lot of bad movies. 9. You are excused for most things no guy ever wants to do with their significant other. 8. You are never bored. 7. Crystallizes what you most enjoy doing. 6. You learn how much your success or failure depends on others. 5. You appreciate how powerful the proper process is. 4. Your … Read More
SMB Trading Lesson of the Week – Rehearsing the Open Before the Open
Watch Mike Bellafiore, author of One Good Trade: Inside the Highly Competitive World of Proprietary Trading (Wiley), in our new video series SMB Trading Lesson of the Week for StockTwits U. This week we discuss: Rehearsing the Open Before the Open. We hope you enjoy! Don’t forget to follow us on Twitter!
Traders Ask: What is the Proper Win Rate?
Dear Mike I am an avid follower of your blog and am completely sold on the idea of trading in-play stocks as a result of a greater likelihood of subsequent predictable intraday behaviour. I have a couple of quite specific questions on the consolidation play that is mentioned in several places on the blog. Context: Assume an in-play stock … Read More
One Of My Favorite Plays
When I was younger I played a lot of pickup basketball. Many times I was matched up against players who were either bigger, stronger or quicker than me. Well maybe not stronger 🙂 I found playing “up” to my competition was much more enjoyable than playing “down”. Playing better competition tends to heighten your focus and forces you to improve … Read More