Road Map

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

As I write I am debating whether to trade RIMM or GS. GS is in play because of the news that the bailout may not happen. RIMM reported last night and showed unusual weakness. SMB traded RIMM in afterhours yesterday and chopped it up. So I have a feel for what to look for this AM from RIMM. But we … Read More

Be in the Stock When It’s Moving

BellaGeneral Comments, Mike Bellafiore's (Bella's) Blogs, Trading TheoryLeave a Comment

As we have mentioned previously in my blog some have emailed me with concerns that program trading will rule trading soon.  The market will never displace the disciplined independent trader.  What is certain is that programs mandate that you adjust your trading and more selectively choose your entry points.  Let’s take a look at ELN from yesterday to illustrate this … Read More

A Trade You Must Be In

BellaGeneral Comments4 Comments

On our desk there are trades that you must be in. There are setups that if offered by the market you must exploit. You should have a list of the trades that you must be in. And if this trade results in a loss you are not annoyed. In fact you are grateful for the opportunity. There are trades where … Read More

The Right Stocks

sspencerSteven Spencer (Steve's) Blogs, Trading TheoryLeave a Comment

A trader is only as good as the stocks that they are trading. Recently, a bunch of guys on our desk have made money trading CHK and HK. They were making nice chops every day. Sometimes its hard to let go of stock that you have been consistently making money in. But it is essential for this job to recognize … Read More