Could You Reenter?

BellaMike Bellafiore's (Bella's) Blogs3 Comments

I was aggressive buying GENZ into a pullback today and got stopped out of 2/3 of my position. GENZ closed $1.30 above where I got stopped out of most. When GENZ broke above the opening highs of 66.85 and spiked to 67.25 my interest in buying a pullback was initiated. I bought 66.81, 66.61, and then 66.46. I hit out … Read More

A ? 4 the Trading Community- Specialize or Well-Rounded

BellaGeneral Comments, Mike Bellafiore's (Bella's) Blogs8 Comments

Dr. Steenbarger helped SMB recognize one of the improvements we could make at our firm awhile ago. The partners and Senior Traders must be responsible for a great deal of teaching and mentoring. But if traders are not leveraging the talent of all firm members then that firm is not offering the best learning environment. Traders learn from other traders … Read More

10x = X

BellaGeneral Comments3 Comments

Excellence is the gradual result of always striving to do better. Pat Riley Maybe I am starting to get a little old.  Maybe the half a generation removed from most of our traders is the difference. Then there is my pending marriage and their out-till-4AM shenanigans.  But I see a disturbing trend with a few developing traders and some potential … Read More

Burn the Boats

BellaMike Bellafiore's (Bella's) Blogs4 Comments

“Burn the boats.”  I cannot stop thinking about this video introduced to us by crosshairstrader.  If you are a serious market participant please watch it. There is a lot of this market is too hard out there.   When I first started trading we had one CRT monitor. We had no charts. There was no newsfeed. Our trading system would … Read More

Rewind, Replay, Retrace

BellaMike Bellafiore's (Bella's) BlogsLeave a Comment

Today I found the hardest-working new trader on our desk  in Steve’s office, my partner, discussing how to get more out of your best trades. Steve explained the topic and remarked, “I thought you might have some ideas Bella.” Yesterday we blogged about knowing you are in an A trade.  When Dr. Steenbarger visited our firm last year he was … Read More