BA gapped up on good news but then started an intraday downtrend. Then it found a range from between 72.15 to 72.40. ALJ who sits behind me, aka Mr. Photogenic, started a long position. I started a short position. Same stock. Not five feet from each other. I knew exactly his position and reasoning without dissent. His mentor short and … Read More
WRONG OR RIGHT I STILL WIN (FUQI)
Developing traders overvalue being “right” with their trades. Many mistakenly believe that you have to be right with your thesis to make money in a trade. Oh so young, so naive 🙂 Consistently profitable, experienced traders can make money when they are right and when they are wrong. Heads I win. Tails I win. A spot on example of … Read More
LONG OR SHORT (FUQI)?
FUQI is a perfect example of how we must make trades our own. How we must develop our own playbook. I am short FUQI from 12.60. The intraday fundamentals are so compelling TO ME that I am playing FUQI to finish near the low. My win rate is probably 10 percent for such a set up. It … Read More
GOALS ACHIEVED
I received this email from Reader David: Good call Bella! Things are really starting to click for me, letting some plays work over the course of 1-3 days has been where I have been making most of my $. IMAX was a good example last week, i caught 4 points over the course of a week.And this MGM I got … Read More
Your Win Rate
I received the following email from reader Ed: Hi Mike, I hope you’re doing great and all is well by you. I was wondering if I could run something past you if you don’t mind. I was the trader that Dr. Brett mentioned in his March 14 article, “the mistakes traders make.” I was wondering if you would mind telling … Read More
FINDING TRADING PATTERNS- A STUDY OF @AIKI14 AND ME
Jim Gobetz, Managing Partner at Wallingford Trust, couldn’t trade a more different style than me. He is a longer-term fundamental trader. I am a short-term, active, intraday trader. Jim subscribes to just about every news and research source you could imagine. I subscribe to www.briefing.com. Oh and also ESPN Insider. @aiki14 makes decisions on his positions based on … Read More
THE NOTHING TRADE
Bella discusses how RIMM behaved after it cleared an important resistance level from the prior day
Trade of the Day- RIMM
Bella discusses the trade in RIMM today when it cleared the key 71.80 and 72 Long-Term resistance levels