Traders Ask: Why Don’t You Trade Light Volume Stocks?

  Hey Mike. Hope you have had a great weekend. In your book (In Play section) you mention you prefer the stock to do at least 1 million shares, and that you stay away from stocks where the daily volume is likely to be less than 600k shares. The thing that makes me confused is that this makes no sense to … Read More

Traders Ask: How Do I Get Better on Saturday?

  Hi Mike, One of my goals for this 2010-2011 trading “school” year is to work six days a week instead of five. The other is to strive for perfect attendance. With regards to working on Saturday’s, I’m putting together my routine. These are the things that I plan to do. Review weekly P&L & Ticket averages (i.e. My Numbers … Read More

The Nibble Trade- (RIG)

RIG was the best stock intraday. 56 has been a huge level. Thursday during the AM meeting Jersey Shore highlighted this level. During the AM meeting Friday he did as well. Intraday he called out, “RIG above 56.” GTL. Gym…..Trading……Laundry. And yet some on our desk did not catch most of the move. Why? 1) All levels are not created … Read More

Traders Ask: Must I Always Follow My Trading Rules?

  Question: Mike, Hope you enjoyed an excellent holiday weekend! I spent a lot of time this weekend thinking about a trade from Friday and whether or not I should continue to make this trade – I am curious what your reaction would be if one of your guys did this. In the AM, I noticed the NYSE-TICK opened strong … 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!

Traders Ask: What Should I Do Midday?

  Hi, Mike! I asked for your advice about daytrader’s midday activity. What your young traders do tipically do during 12.00-14.00? I used to ovretrade during midday, so I decided not to trade at all during slow market hours. Can I do something useful for my trading game within two hours? Maybe rip through charts or watch some trading videos, … Read More