I just got an email from a developing trader describing the below as “another ridiculously straightforward set up from today.” I chuckled. He had sent me a few already. But as we like to say daily on this teaching blog, it’s about finding the plays that make sense to you and trading them more often and with more size. And … Read More
Everyday You Must Master Your Craft: Ray Lewis Talks to Traders (Motivation Video)
Ray Lewis was talking to some football players but could have been talking to a bunch of traders. Take some time and watch this video. You are gonna want to get up and tackle someone on your desk afterwards (I advise against this). Some of my favorite parts that are so applicable to trading: 1. “How much time are you … Read More
Use the Tape to add size (SLV)
Silver has been on a tear. Yesterday during our AM meeting we discussed some prices that offer excellent risk/reward opportunities. Experienced traders know when something is about to happen. When a stock will really move off of a price. We might not know whether the stock will go up or down. But we know this is the moment. This is … Read More
Traders Ask: What is your deal with overnights?
Hello Bella, My name is Jonathan, and I am a day trader and fan of your SMB Blog and Twitter feeds. I have a trading question for you that I am confident you can help me with; you guys have some serious experience. I understand your style of trading sometimes involves holding day-trade-intended setup overnight. I notice myself, several times, … Read More
What newsfeed do you use?
What news feeds do you recommend or follow? Thank you. SMB 1. briefing.com 2. tradethenews.com 3. stocktwits What newsfeed do you use that you would recommend? Mike Bellafiore Author, One Good Trade
Day Traders Switch It Up Like A Pro
Changing your biases in day trading is a hard necessity. Switching sides in a trade is a skill that every day trader must build. There are two distinct levels of this skill, novice and advanced. An up and coming young day trader Jerry, @TheArmoTrader, penned a nice blog post on switching sides: http://jerrykhachoyan.com/. Jerry did a great job switching sides … Read More
Execution Trading Skill
Trading is a skill. Gaining trading skill takes time. Today in JNJ and HAL execution trading skill was essential. Let’s quickly discuss two trades to illustrate this important trading point. JNJ was in play. Amazing Andrew was hawking the 62.10 level as intraday support. Something about the premarket. JNJ opened and traded down towards his support level. 14c held the … Read More
SLW 40: Opportunity for the Skilled Trader
I was walking the trading floor, making my rounds, when a trader motioned for my opinion. “Bella what do you think of SLW?” “Looks weak intraday. Where is the next support level?” The trader searched his longer term charts and muttered,”40.” Guess where the stock was near? 40.40 but heading towards 40. I asked, “Are you going to get long … Read More