Watch Mike Bellafiore in this short video discuss SMB’s Trade of the Week. SMB’s new video series for StockTwits TV first released exclusively on the iPad, details trading patterns that are consistently used on SMB’s trading desk. Mike Bellafiore, partner at SMB Capital and author of One Good Trade: Inside the Highly Competitive World of Proprietary Trading (Wiley), discusses a … Read More
Surprise Fed Rate Cut (A Trading Story in BRCM)
On this day when the Fed made their expected announcement I thought I would share an old school anecdote about a surprise rate cut from One Good Trade (Wiley Trading). During 2001, I made a living playing two historic bounces on the NASDAQ, and grinding it out. On January 3, 2001, the Fed unexpectedly cut rates 50 basis points. When … Read More
Logic and Detail Newbs
After the open we took the new guys into the training room for them to highlight their One Good Trade(s). I move to the back of the room, open up the floor for them to present any best trades to the rest of the class, and let the new class argue amongst each other. What do they need me for … Read More
One Good Trade Unveiled: An Unfiltered Review and the Chance to Win the Book
Click on the picture above for the full review. Steven Place writes for Investing with Options Join him for StockTwits Brunch with Steven Place on Saturdays at 11 AM on StockTwits TV For more about Steven Place see his new site: earningstrades.com
Options Trade of the Week
Trade: 8/10/2010 WHR $86.07 Buy 2 August 85/90 call spread limit price $ 1.65 target 3.00/ by August 17th stop 1.10/or a stock close below 83 Reasoning: WHR- looks like it found some support in the 85 level the past few weeks. A move above the 87.31 level should see the $90 level quickly (same day or with a … Read More
SMB Morning Rundown – August 10, 2010
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
Traders Ask- Now What?
Question: What do traders do for the rest of the day after they have been stopped out especially when it happens early in the day? Answer: Thank you for the excellent question. You trade on the demo. You make details notes in your trading journal about the set ups that ended as losers. You talk to others on the … Read More
Shorted HPQ But Not For Size
I shorted HPQ on the Open at 43.70 but no for size. It is more than a point lower and I am reviewing whether I was a wuss, my intuition not to short with size was appropriate, or something else. At SMB we make trading decisions based upon three factors: Reading the Tape, Intraday Fundamentals, and Technical Analysis. HPQ had … Read More