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
Why I got long FDO
FDO gapped down and then made a sharp downmove on the open. I caught some of the downmove with a Momentum Trade. But then the momentum short was over and I had a decision. Do I look to trade $FDO for a bounce or for a continuation move? I chose the former and will explain w1hy. The market has been … Read More
Finding the Right Trading Product and Style
Mike-Great thought provoking post (The biggest question for a trader) as usual. Is there a way to determine what product and type of trading fits a trader? Does it really take trial and error? Has to be a better way….any insight here? Thanks BP @mikebellafiore Thxs for reading as always BP. 1) You can take a personality test and use … Read More
The Biggest Question for a Trader
Hi Bella, When I started out to go day trading, I feel as though I have wasted allot of money and time on so-called “education”. I can tell you that I have spent over 10k in it. A friend recommended (********) to me and I took their course. They made it seem so easy with patterns and MAs. … Read More
The World’s Leading Traders Charity Webinar
Join Mike Bellafiore, author of One Good Trade, 4:30 to 5:30pm EST on Thursday 26th May for a charity webinar to assist earthquake victims in New Zealand and Japan. Mike’s webinar is titled: The PlayBook: Set ups for Your PlayBook. Set ups that you can make your own Plays our desk are using in this market Set ups to trade … Read More