Being in the right stocks will largely dictate the type of day you will have. If you are in the most In Play names you are going to generate PnL commensurate with your skill level. This is why we have an AM Meeting to discuss the stocks that are most likely to be In Play for the day. Even if … Read More
SMB Trade of the Week: Baidu – May 15, 2010
Watch SMB Trade of the Week, a technical Reversal Play in BIDU from Mike Bellafiore.
Old School Lessons from Mike Bellafiore
Mike Bellafiore, Partner at SMB Capital, and author of One Good Trade: Inside the Highly Competitive World of Proprietary Trading was featured in the recent issue of SFO Magazine. In his article, Old School Lessons For Mastering Today’s Markets, Bella discusses what it takes to become a great trader in today’s changing market. A must read for new traders! The … Read More
SMB Morning Rundown – June 2, 2010
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
School of Algos 101
Thanks to all for the comments on my last blog regarding algos. I thought over the weekend about the best possible way for all of us to learn about these pesty computer programs and here is my suggestion. I always believed the best way to learn something complex is by using a dynamic and interactive technique. I thought it would … Read More
Patterns Collide!
We have been seeing two distinct patterns in the market recently. 1) On gap down opens we are rallying to positive territory. 2) When there is selling in the final hour the market is closing at its low. Today we were fortunate enough to get both the rally to positive AND the end of the day tankage in the market. … Read More
Opening Range Play (MON)
On my latest StockTwits TV show, SMB University, I was asked about trading right on the Open. Often new traders struggle with this time period for two reasons: a) they miscalculate their downside risk before entering the trade b) they do not have a playbook with trades that work for the open. Well let’s try and correct some of (b) … Read More
SMB Morning Rundown – June 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.