Consolidation

BellaMike Bellafiore's (Bella's) BlogsLeave a Comment

My views about just trading with charts are well known on our desk. This is the most difficult way to start your trading career. This is like trading with one hand behind your back. Learning how to read the order flow is essential for most to be consistently profitable traders. Chart reading is best used to supplement reading the tape … Read More

Picking Your Tier Size, Part II

gmanGilbert Mendez's (Gman's) Blogs2 Comments

In my last entry last week I presented an simple yet powerful approach to picking your tier size based on the risk you take on a play. Furthermore, the blog entry describes how to go about picking a tier size that works well independently of what kind of stock you are trading any minute of your day. In this entry … Read More

Buying into a Pullback

BellaMike Bellafiore's (Bella's) BlogsLeave a Comment

EL was a good trading stock on Friday.  EL traded between 24.60 and 25 for most of the Open.  Then on higher intraday volume EL broke above its resistance level.  EL traded up towards 26 and then stalled.  Let’s discuss how to buy EL into a pullback. This is a stock I want to be long.  It broke above intraday … Read More

The Shakeout

BellaMike Bellafiore's (Bella's) BlogsLeave a Comment

When I am trading I do the right thing.  I am not concerned with my results.  If a stock is a buy then I buy.  If it’s a short then I get short.  If my trade doesn’t work out then them’s the breaks as they say.  And if I spot one of my better trading setups and it doesn’t work, … Read More