Dear Mr Bellafiore, I have recently started listening to your book One Good Trade. It is simply an excellent book that has a structure and discipline all to its own. A recent friend recommended the book which I am very grateful for. I am 53 years old, and after working in the home building business, I’m ready to try something … Read More
Should I Forget Intraday Trading and Just Swing Trade?
Good afternoon Bella! I wanted to send you a quick email to get your experienced opinion on a current issue I’m dealing with. Namely, style of trading. I have closely followed SMB’s educational material/webinars/blogs, and tons of it makes sense and has been very helpful in my personal trading. Making money day in day out with short term trading is … Read More
What is the Best Personality Type for a Trader?
An email I recently received: Hi Mike, Thanks for your beautiful blog. I am one of your many blog followers and find it very insightful. My question is this: from your experience, what is the best Personality type (Myers-Briggs – MBTI test) for the pursuit of trading ? Is there a type that have the biggest potential for success at … Read More
Should I Use Fibonacci Levels?
Mike, I’m wondering if you can answer a question that I have given some thought for some time. Do you find Fibonacci retracement useful? Has it worked for you or SMB in the past (and beyond what could be from simply random chance)? I can’t find any studies with RELIABLE statistical analysis. Good luck tmrw! Thanks for your time. @mikebellafiore … Read More
Mastering the Bounce: How Reading the Tape Helped Me Play LULU
Dear Sir, It is great what you are doing at SMB. Caught some glimpses of it on Wall Street Warrior and some YouTube videos. Also, I have read your first book. Thank you for opening up your world to wannabe traders like us. It is an awesome treasure. I do have a question. I have been learning reading the tape … Read More
A Recommendation for a Trading Psychologist
I really enjoyed One Good Trade and I’m excited to get my hands on my pre-ordered copy of The Playbook. I’ve been looking at the markets my whole life (got a solid 20 shares of INTC from Grandma when it was at 10) and began trading at a prop firm right out of college. This was in summer of 2008, … Read More
Why I Bought TSLA Today at 98
I sat down at my trading desk at 7:45AM and noticed TSLA was down off of the negative article in Barron’s, near a nice technical level at 98, and I bought it. I shared this with the trading community. As TSLA started to work from this 98 level I added. I shared this with the trading community in real time. … Read More
Were You Too Bearish After the Jobs Report?
Were you too bearish after the jobs report this Friday? Let’s set up the scene for Friday’s trading. We had bounced from 160 SPY to 163ish before the report. Then the pundits and traders began to battle at the 163.50 level. At first it appeared the buyers had won sending the market towards 164 SPY, but as traders we knew this … Read More