Bella sits down with MoneyShow.com to discuss why Reading the Tape is a useful skill that all active intraday traders should learn.
MAKING TRADES YOUR OWN (BA)
BA gapped up on good news but then started an intraday downtrend. Then it found a range from between 72.15 to 72.40. ALJ who sits behind me, aka Mr. Photogenic, started a long position. I started a short position. Same stock. Not five feet from each other. I knew exactly his position and reasoning without dissent. His mentor short and … Read More
SMB Morning Rundown – March 19, 2010
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
I’m Seeing A Pattern
As I view the list of stocks I traded today and their corresponding P/L I definitely see a pattern. GME, FDX, and NKE all green. APOL a big red. I have written many times about the value of trading stocks with fresh news. Stocks that we refer to as “In Play”. During earnings season there are a huge number of … Read More
SMB Morning Rundown – March 18, 2010
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
WRONG OR RIGHT I STILL WIN (FUQI)
Developing traders overvalue being “right” with their trades. Many mistakenly believe that you have to be right with your thesis to make money in a trade. Oh so young, so naive 🙂 Consistently profitable, experienced traders can make money when they are right and when they are wrong. Heads I win. Tails I win. A spot on example of … Read More
LONG OR SHORT (FUQI)?
FUQI is a perfect example of how we must make trades our own. How we must develop our own playbook. I am short FUQI from 12.60. The intraday fundamentals are so compelling TO ME that I am playing FUQI to finish near the low. My win rate is probably 10 percent for such a set up. It … Read More
SMB Morning Rundown – March 17, 2010
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.