Should I bench this trader?

BellaGeneral Comments14 Comments

A few weeks ago a developing trader on our desk sent me his trading review for the day.  He had traded at least 15 stocks and was negative in nearly all of them.  I responded: There is no reason for you to trade more than 8 stocks. Set that as a rule. You have to see the big picture and … Read More

This is a trader’s fault

BellaMike Bellafiore's (Bella's) Blogs6 Comments

I received this trading recap from an SMB Trader: I love these types of days where I can keep my tickets really low and keep 95% of what i gross. For some reason when I trade from home, i don’t over trade and am able to keep my tickets really low. maybe because i have other responsibilities when i stay home like … Read More

Five Suggestions for Traders

BellaMike Bellafiore's (Bella's) Blogs5 Comments

I was in my office today working on my next book The PlayBook when I got pinged with this from the trading community: Mike,  what do you do when you’re a practicing trader, working, saving, and studying to begin trading live, and you feel your motivation begin to peter out. You have this goal but the road there seems like … Read More

A Quick Lesson in Tape Reading (ESRX)

BellaGeneral Comments4 Comments

I was long ESRX. It had gapped up on positive news. The first moves on the tape in the stock were positive. I liked the move above the open high. I liked the way it moved away from prices. I liked that above 56.50 provided a clear entry if it held above. The idea was shared on SMB Real Time: … Read More

I See Momentum Buying

BellaGeneral Comments2 Comments

I settled at my trading station wondering what to trade on this Open.  RHT? BBY? AMLN?  There had not yet been a price spike on the SMB Radar in health care yet but I would later ask what and where to buy for that sector.  BBY showed some consistent selling at 25 so I scalped that down to 24.60 on … Read More