Forex trade of the week

A key point in the EUR/CHF trade was when the price fractured the areas of support, which are identified by the Fibonacci retracement at level .618 % at an approximate price of 1.2800. Once those areas have been breached, we expect the trend to be lower than the previous minimums, but in turn, the price increases producing up trends. This … Read More

SMB Trading Lesson of the Week – Rehearsing the Open Before the Open

Watch Mike Bellafiore, author of One Good Trade: Inside the Highly Competitive World of Proprietary Trading (Wiley), in our new video series SMB Trading Lesson of the Week for StockTwits U.  This week we discuss: Rehearsing the Open Before the Open. We hope you enjoy! Don’t forget to follow us on Twitter!

And The Real Reason For That Losing Trade Was……..?

Look at the chart above.  Say you shorted RIMM below 45 and got stopped out at 45.16, develop a reason for this loss and then continue reading. Ok great to have you back with us.  Today during a teaching session Bad A$$ Mike shared a trade he made on the Open getting short RIMM below 45.  Steve whispered in his … Read More

SMB Trade of the Week-MDT

Watch Mike Bellafiore in this short video discuss SMB’s Trade of the Week. SMB’s new video series for StockTwits TV first released exclusively on the iPad, details trading patterns that are consistently used on SMB’s trading desk. Mike Bellafiore, partner at SMB Capital and author of One Good Trade: Inside the Highly Competitive World of Proprietary Trading (Wiley), discusses Shorting … Read More

The Next Classic Trading Books

Traders’ Library has found the next generation of recently published books that belong on every trader’s bookshelf. They include The Daily Trading Coach by Brett Seenbarger, Technical Analysis Using Multiple Timeframes by Brian Shannon, and SMB’s One Good Trade by Mike Bellafiore.  You can find the list of soon to be classic trading books here.

The Market Doesn’t Care About Your Opinion (KSS)

The market doesn’t care about your opinion.  If you have a problem with this, get over it.  Today during our After the Open Review one our Newbs got a harsh tongue lashing for thinking he knew better than the market.   This is a learning experience for us all. Iron Mike Mike made a great trade in KSS on the … Read More

SMB Trade of the Week-DNDN

Watch Mike Bellafiore in this short video discuss SMB’s Trade of the Week. SMB’s new video series for StockTwits TV first released exclusively on the iPad, details trading patterns that are consistently used on SMB’s trading desk. Mike Bellafiore, partner at SMB Capital and author of One Good Trade: Inside the Highly Competitive World of Proprietary Trading (Wiley), discusses a … Read More