For the intraday trader we look for opportunities where stocks are: 1) Clean 2) Trend 3) Wound up to move 4) Controllable, meaning you can control your risk 5) Scaleable, meaning you can add significant size In our SMB Trade of the Week we had all of these. See the power point slides above. Would you have made this … Read More
How you can determine how far a stock will move
Bella, I was wondering if you had any tips on figuring out when to ignore the ATR on a stock keep looking for entries. AVP was a stock I thought I had traded well at the time given that it was already overextended at the time. It has an ATR of 0.4 yet in the end it moved well over … Read More
Is a Time Stop a Reason2Cover My Position in GMCR?
Hi Mike, I know you are a busy guy but I had a question regarding exiting potentially wrong trades ahead of my stop point, something I’ve had difficulty with in the past. For background, I have stopped this practice as I have found that acting on my newbie instincts or interpretations of order flow has led me to cut positions … Read More
To Take or Not Take Breaking News Plays
SMB Reader: Hi Mike, How are you doing? I have an interesting question when I talk about trading plan with a local trader. Regarding trading plan, my idea is: trading plan is your preparation for next trading day, but I have to be flexible after the market open. which means occassionally I have to take some trades not on my plan. Trading plan is like the preparation for a … Read More
Webinar Recording: The Playbook–Reasons2Sell
For the February 7th installment of our Webinar series, The PlayBook with Mike Bellafiore, Mike discussed Reasons2Sell: Getting The Most Out of Your Trades.
The PlayBook Webinar Series: Do You Exit Your Winning Positions Too Early?
Please join Mike Bellafiore, author of the “trading classic” One Good Trade, on Thursday, February 7th at 4:15PM EST for the free Webinar Series, The PlayBook. Tomorrow we will discuss Reasons2Sell, a way for you to build a better exit strategy for your trading. Click here to register for this free Webinar. As always Mike will take questions and encourage … Read More
This is How You Trade COH
I received this question from a foreign college student who took our college training program during the summer. It is a wonderful program for passionate college traders interested in trading pro. Let’s check out his question and my answer below. I would be happy to answer any questions in the comments section or at [email protected]. Trade well! Today I had … Read More
Is It Better To Trade From Home?
Bella, I first saw SMB on Wall Street Warriors as a Senior at Drexel University. Then, I found (unknowingly) your book on audible and decided to give the book a shot (its great by the way). Your book and philosophy on trading presents me and a ton of traders I know with a challenge, “stop believing that we are the … Read More