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
I just turned 19 over the summer and I’m a student at UNC-Wilmington. I’ve been interested in trading stocks and options (mostly options) for a few years now as my father day trades some, but he’s a carpenter so he can’t watch the market all the time so he has had mixed success. I’ve done a fair amount of paper … Read More
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
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
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
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!
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