SMB Trade of the Week: VPRT

smbcapitalTrade of the Week1 Comment

Watch Mike Bellafiore in this short video discuss SMB’s Trade of the Week. SMB’s new video series for StockTwits TV first released exclusively on the iPad, details trading patterns that are consistently used on SMB’s trading desk. Mike Bellafiore, partner at SMB Capital and author of One Good Trade: Inside the Highly Competitive World of Proprietary Trading (Wiley), discusses a Long Term Technical Resistance Level in BIDU in this short video.
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One Comment on “SMB Trade of the Week: VPRT”

  1. Hi Mike,

    Thanks for sharing your ideas with us…

    Let me see if I can understand the thesis behind your trade. Stock gapped down (bad fundamental news), support was broken. Now, during this battle between the bulls and bears, what made you comfortable that the battle was won by the bears? By what the tape was saying, or strictly by a break of a certain price level combined with volume? What timeframe chart did you establish this on?

    Last, how do you trail your stops? I often find during breakouts/breakdowns that you get smacked around a lot, so how do you determine the right breathing room?

    Thanks again!

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