Friday was an interesting day for me. We had a large down move Thursday followed by a large drop in overnight futures. When we see this sort of price action we immediately shift our AM Gameplan to a discussion of market related ETFs as with more volatility they offer the least risk with good upside. We also want to look … Read More
Why This SMB Trader Added to His $FB Longs Today (video)
During our SMB Midday Recap Bella discussed: 1) Why he added to his FB, Facebook, position at 51.16 for a swing trade? For those following at home, Bella tweeted this in real-time on SMB Real Time. 2) Why you should develop a list of intraday stocks that do not trade well if you are an intraday trader. Hint….$CAT 3) Why … Read More
My Thought Process: $FB
Before I start to break down each StockTweet I want to share some background information for this trade. FB reported a huge fundamental shift in their most recent earnings report on July 24th. FB’s mobile revenue as a percentage of its total revenue doubled. This was a game changing piece of information as the largest impediment to FB’s stock performance … Read More
$FB – Gap and Go Trade
Here is an example of a pro trader breaking down a Gap and Go Trade in $FB the day of earnings. Mike Bellafiore The PlayBook One Good Trade no relevant positions