A Trade to Master- $RIG

BellaMike Bellafiore's (Bella's) Blogs1 Comment

One of our new trainees from Thailand traded RIG yesterday and sent me a PlayBook on this trade.  This was his Trade Management slide for the trade.  There are some lessons here. 1) Great job being in the best stock yesterday for intraday traders, RIG.  You are only as good as the stocks you trade.  This was a stock with … Read More

Do not say Practice

BellaMike Bellafiore's (Bella's) Blogs5 Comments

I end most emails with: “Keep working on your trading game.”  We teach our traders to do the daily work each day that helps them improve.  They are training to become consistently profitable traders (CPTs).  Their ultimate goal is to become a your best trader (YBT). Apparently I could use better words to motivate my traders. Dan Coyle, author of … Read More

Trader Disney Land

BellaMike Bellafiore's (Bella's) Blogs2 Comments

Hey Mike, I recently blew my profits gain from the past 3 months in one stubborn trade. And not I dare not go in again as I fear I could be wrong again and lost money. My system was right but my emotions was burnt. This is not the first time I lost a trade but somehow I couldn’t pick … Read More

Where and How to Buy KBH

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

So KBH outperformed the market yesterday.  There were many tweets on @stocktwits asking where and how to buy.  This chart below gives you an entry to consider.  It was produced by an SMB Trader and sent to his desk with the simple message: ” add this picture to your playbook. memorize this pattern. KBH @ 14.28.”  We call this a … Read More