The Trading Quote of the Day has to be from this pro trader who sent me an e-mail about a point I made during a Webinar we did last night with BigMikeTrading. He wrote: We’re just a flea on (the) back of (an) elephant going for the ride. You can see the entire e-mail and its context below. Hey Mike, … Read More
The Next New Growth Stock? (SMB Midday Recap)
During our Midday Recap with Bella we discussed: 1) How to find stocks that have a news pattern to finish at their low or high intraday 2) A finish at the Low Intraday Short opportunity in $CRUS 3) A Relative Strength Swing Trade in perhaps the next new growth stock $GOGO 4) A third tier 3D printer stock trade because … Read More
How Do We Improve This Trader’s Performance?
Hello Mike, I had a quick question for you: I’m currently experiencing a small draw down and was trying to formulate a plan on what are the steps I need to take going forward so that I can get back to being profitable. I came up with some questions I should ask myself and some actions I must take to … Read More
10 Steps Ahead of the Market
Hi Mike, How’s it going? Hope your family and trading have been well. I am improving as a trader. These days I am net positive month on month. However, I’m still not elevating my performance to the level I want it to be. It’s frustrating because I know I’m capable of so much more. One of the ways I am … Read More
All Good Traders Must Have a Nickname
Mike Bellafiore, Hello. I want to say thank you for a wonderful book, One Good Trade! In Russia there is nothing like this book. I have not yet started trading, as do the study of the theory and the accumulation of money for shopping schea, but I’m sure that if I follow all the rules you set, it will reduce … Read More
Is Twitter a Short or a Long?
During our SMB Midday Recap we discussed: 1) Whether to trade $TWTR on the long or short side today 2) Our profitable short trade in $TSLA 3) An excellent risk/reward trade we made today in $WFM. This setup worked very well today whereas yesterday another long setup in WFM. They call it trading See our video below for access to … Read More
A Profitable Weekly Options Trade in $MSFT
Almost five years ago two of the better traders ever trained by SMB asked for risk with longer term positions. We loved these guys and had all the confidence in their trading ability. After a period of huge gains the firm had had a particularly bad month and these two traders were not trading their intraday accounts well. Bad timing … Read More
How We Traded Twitter ($TWTR)
After the close yesterday we discussed how we attacked the Twitter IPO ($TWTR). Four strategies were discussed: 1) Buying the opening print 2) Buying consolidation after Twitter settled down 3) Buying $TWTR when it held above VWAP 4) Using the level learned from trading today, 45, as an important technical level going forward We also watched the tape of Twitter’s … Read More