I have been trading for over 15 years. There are very few things I can recall from a technology perspective that have both made trading easier for me and increased my ability to generate P&L on a daily basis. About two years ago one of our traders approached me with real time “lists” that he was generating using TradeStation. Many … Read More
This Concept Could Get You Through the Learning Curve
Understanding how to identify support and resistance areas and execute trades at these prices is a prerequisite to become a successful day trader. When I reflect back on the dozens of people we have trained over the years I can’t recall a single trader who made it to consistent profitability who didn’t have a few plays in their playbook that … Read More
Forex Trade. Let’s find some levels of support. Shall we?
What we can see in the above picture is a more bearish than bullish market. Once the price starts dropping, you ask yourself two questions, either I sell or find support for a possible rebound. In this case, we chose to recognize a support level. As you can see at the top left corner, the time frame of this trade … Read More
From Good to Great: Using the Principles of Elite Performance to Grow Your P&L
Thursday June 13, 2011 The Traders Expo is on its way to Dallas, June 15 – 18. Mike Bellafiore, SMB co-founder and author of One Good Trade: Inside the Highly Competitive World of Proprietrary Trading, will be attending and speaking on the following topic:
Social Media IPOs: The impact of Linkedin and what’s next
Thursday June 9, 2011 Join Mike Bellafiore, Leigh Drogen, Josh Brown, along with other financial experts, in an open roundtable discussion about Social Media IPOs and what that means for the upcoming 18 months. Topics Include -Are we in a bubble driven once again by technology? -Is Linkedin worth the valuation? -Who’s next and what can we expect? Date: Thursday … Read More
Why I Love KISS…Not The Rock Band!
So you’re a day trader. Ok, you have the computer, a few monitors, and a brokerage account with a few bucks that is going to make you many more bucks. Throw in a charting program, a few books worth of knowledge and the passion for trading and your set. Now what? Good question! As a new or even a struggling … Read More
A LULU Lesson
There wasn’t a lot of fresh news today so the focus of SMB’s AM Meeting was Second Day Plays and Technical Setups. SDPs are setups in stocks that were In Play the prior trading day and tend to offer some well defined opportunities for a few more trading sessions. TSs are setups based on a longer time frame technical pattern … Read More
Find the Least Competitive Stocks?
A sick, pretty well-known trading author walks into a Clearwater Beach breakfast treasure, hacking cough, in need of a shave and tan, with flipflops, shorts and a black penguin polo. Over scrambled egg whites and honey wheat toast he listens to another market veteran share his market wisdom. Almost eerily it is like listening to himself talk, with then some new … Read More