Time to Make Some Bank

BellaMike Bellafiore's (Bella's) Blogs6 Comments

It’s earnings season.  This is our playoffs.  Living in these uncertain times the market is volatile.  Adding this fact to earnings season offers us an unusual amount of trading opportunity.  This is an excellent trading market.  And as an intraday trader there is a large check the market is about to write to you if you just act in your … Read More

The Right Approach

sspencerSteven Spencer (Steve's) Blogs2 Comments

New traders at SMB have a very structured environment when they start their trading careers.  During their first five weeks every minute of each day is planned.  When they begin trading live in week six they are assigned a mentor who will review their work on a daily basis.   They begin by trading 100 shares at a time.  Their ability … Read More

Don’t Be Satisfied

BellaMike Bellafiore's (Bella's) Blogs2 Comments

SMB has had a nice run the past three weeks. And as traders we should always enjoy the good times. We spoke to our desk after the Close about one thing that merits some mention. They can do even better. For the developing trader it is important to keep pushing yourself. If you have been trading for less than three … Read More

Psychology Drives Price

sspencerSteven Spencer (Steve's) Blogs1 Comment

RIMM reported after the close today.  It traded up over 20% from its closing price.  You are going to read a lot of articles about how they “blew away” expectations and gave great guidance.  The articles will assign these as the reasons for RIMM’s explosive up move after the market closed.  Really?  I don’t think so.  Do you believe that … Read More

On the Open

BellaGeneral Comments, Mike Bellafiore's (Bella's) Blogs4 Comments

Often new traders state, “I can’t trade the Open.”  And then they decide to just watch for the first 15 minutes of trading.  But doing this eliminates some easy money for you.  And understand it is not that you cannot trade the Open, it is that you trading the Open poorly.  But there are certain set ups that offer an … Read More

Learning to Let Go

gmanGeneral Comments2 Comments

One of our talented young remote traders sent me the following email a few days ago and I thought this was an important topic to address. Below is his email: Gman, I had a hell of a time with ACN this morning. There were a lot of screw jobs, and fake outs. The price action was very choppy and it … Read More

Tuesday Morning Fun – Excessive Celebration

gmanGeneral CommentsLeave a Comment

On our desk we frown upon excessive celebration after making one good trade. Many get in an excited mental state which causes them to make several bad trades in a row. One of our traders found this link this morning. This is clearly an example of excessive celebration. Wait for the score at the end of the clip. http://video.yahoo.com/network/100284668?v=4656506&l=4418225 Enjoy. … Read More