Hi Mr. Bellafiore, I read your book and have been a daily reader of the blog ever since. I especially appreciate your and Adam Grimes’s posts. I trade the e-mini (ES) but would like to trade more stocks if I can figure it out. The recent post on execution was pointed. I suspect the difference in the trader who was shaken … Read More
Give Yourself Time
Got back from a run. Yeah, this Georgia Tech campus is very nice. Had a mocha frappachino from Starbucks (I do not even know what that is and I unordered the size three times) to help with my 4am wake up call. Walked the room for my presentation. I like to get a feel for the room and see myself … Read More
Execution, Execution, Execution (BIIB)
Trader A sits looking at the consolidation in BIIB. We have some nice consolidation. BIIB is above the highs from the first day gap up. There is no resistance above in the near term. Should I pay 80? Trader B sits looking at the consolidation in BIIB. We have some nice consolidation. BIIB is above the highs from the first … Read More
Traders Ask: Stocks In Play of a Basket?
Question: Hello Mike, My question concerns mostly to stock selection and tactic of monitoring the market during the trading session. I’m thinking about it a lot last time and I’m very interested in your opinion on that. There are always a lot of opportunities on the market, especially during the earnings season. So we have 2 choices: 1) The first … Read More
What are your trades in MON? (The answers)
Non-experienced traders should not be trading MON during a conference call. Experienced traders not listening to the conference call should not be trading during the conference call. Experienced traders who do not know a great deal about MON should not be trading this during the conference call. So this was a bit of a trick question (couldn’t fool @thearmotrader). But … Read More
Traders Ask- GD Trading
Hi Mike, I am hoping for your insight on a trade I’m making today. My uncertainty in this trade it typical of what I find in a lot of my trades. I am trading GD as a second day play. My thinking is that the sell-off yesterday was overdone and that it ultimately held important support at 73. I was looking … Read More
What are your trades in MON?
What are the intraday trading opportunities from MON on the Open? First we have to indentify the patterns that are worth our attention. And then we can hammer down on how best to execute. From the chart below what trades makes sense to you. Be back later with some thoughts of my own. Hint: during our AM meeting we identified … Read More
KISS – GD Trade
My KISS job description of day trading: “Figure out what they are buying or selling and then find an entry”. I come to the screen everyday with that thought firmly implanted and visualized. Find something they are buying and get long; find something being sold and get short.. simple. I mean even Forrest Gump could understand that. I don’t allow … Read More