I AM A TRADER

BellaMike Bellafiore's (Bella's) Blogs8 Comments

We watched tape of MEE from yesterday after the Close.  It was a very difficult stock.  But I heard a comment from a very bright trader that I bet is heard on other trading desks:” I don’t like scalping MEE because I can’t tell when it is going to spike 20c against me.” I know too many traders passed on … Read More

OPENING DAY

BellaGeneral Comments, Mike Bellafiore's (Bella's) BlogsLeave a Comment

Tomorrow is Opening Day!  All the statistics from last year are thrown out and we start anew.  Spring has arrived with its warmer weather, flowers blossoming and sunlight extended.  All those fans of non playoff teams gain a great gift- hope. No matter that the Tampa Rays failed to make the playoffs in 2009 as most predicted- this could be … Read More