Join us this Thursday 4:30PM EST for a Free SMBU Webinar: The Two Best Trades Working in this Market. Steve Spencer will discuss his favorite setup, The Money Trade. I will discuss my favorite trade. Click here to attend the event. Learn new setups Hosted by SMB Partners Steve Spencer and Mike Bellafiore Q&A until all questions are answered Entries … Read More
Trading Analyst Upgrades and Downgrades
On the Open I saw an analyst downgrade trade opportunity. You could hear this on our desk: Me: Why is this AGIO down? Me: Anyone see anything other than the JP Morgan downgrade in $AGIO (Agios Pharmaceuticals)? All I saw on my news wires was this: You could hear more from me on the desk: Me: Anything coming across Bloomberg … Read More
Trade with Distinction in Best Buy
I love to short stocks whose margins are under pressure. This is a news catalyst that can bring new selling and shorting. Margins are how much a company makes on the product they sell. If they make less per item then their core business will become weaker generally. The only way to offset this is with increased volume. But … Read More
The Impact of Dividend Cuts on Stock Trading (Seadrill Case Study)
In the premarket Seadrill, an offshore driller, announced it was suspending its dividend as this headlines shows: This is news of changing fundamentals in a stock that gets my attention. When a company suspends its dividend many shareholders HAVE to sell as that offering no longer fits their investment strategy. Further the suspension of a dividend signals financial weakness in … Read More
Trader’s Ask: Should I Use a Time Stop in Alibaba?
Hey Bella sorry to bother you again intraday. I’m very close to having having gotten ride of my over trading tenancies/urges and will start pulling the trigger on better trades2hold in the coming days/weeks. BABA though, it formed a support at 112.10 – 12.15ish. When you get long. Two questions. 1.) If you got long at 112.12 do you … Read More
How to Become a Prop Trader
Mr. Bellafiore, I will keep this as short as possible, as I know you are extremely busy. To ask my question, I must give you some background information about myself. I just finished your book, One Good Trade and I am truly inspired. I graduated from school in May. I did not graduate from an Ivy League school, or with … Read More
What Does this Trader Do Now?
Hello Bella, I read both those books and started a few more. The myelin concept got me thinking that I should be reading more every day so I don’t fall into the habit of being lazy with reading in general. Then on the flip side part of me thinks I should limit the reading and focus more on reviewing trading … Read More
Mike Bellafiore Interviewed on Blog Talk Radio
Mike Bellafiore was interviewed on Blog Talk Radio last night by @solutionsology_. Bella discussed: 1) How to transition into trading without quitting your job 2) How SMB is preparing for the Ebola trade and then will trade what they see 3) How traders must pick direction AND at the right time AND while controlling risk/reward Check Out Business Podcasts at … Read More