Yesterday I posted Important Intraday Resistance Level (BIDU). Tapetrader followed up with this excellent question: Bella: I have a question regarding holding BIDU. At 1pm it was the lasttime BIDU touched the 72.5 lvl. What followed was sideways consolidation for a long period of time, and some spike ups and what looks like higher highs. Even though 72.5 is a … Read More
Important Intraday Resistance Level Trade (BIDU)
BIDU came off from 73.30ish after a gap open. 72.50 offered resistance on the tape. I started a small short. BIDU came off another point. But then things got even more interesting……. 72.50 was a level that we spotted on the tape. And BIDU traded off another point from this weakness and resistance level we spotted on the tape. But … Read More
I Am Just Trying to Get Better
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Readers Share: Are You Ready to Trade Professionally?
Reader Mike sent me this email: Bella, I know you will never remember me but you interviewed me about four years ago. During that interview you told me I was not ready to be a trader both financially and psychologically. I remember leaving that interview calling you many many not so nice things saying that I will show you. Since … Read More
My Mistake, Move On
Apparently I mistakenly left in some sell orders to short SY after the close. I headed to our training room for a Tradecast with our new traders and a guest visitor from CT. One of our traders poked his head in the door and said,”Bella you got filled in SY and are way out of the money.” I have heard … Read More
Where Are You Going?
Where are you going? Where do you go? Are you looking for answers to questions under the stars If along the way, you are growing weary You can rest with me until a brighter day, and you’re ok Dave Matthews Band, Where Are You Going? Yesterday I blogged that the market mainly traded between 115.60-160.30 SPY. Yes it spent some … Read More
Who Stole My Volatility?
Last night on Stocktwits TV I discussed some adjustments traders can make to trade increased volatility. The VIX had climbed from 18 to 40. Friday the VIX closed above 41. These are the markets short term traders crush. Today I walked in with the VIX off over 30 percent. It has rebounded nicely to close above 30. … Read More
Stop Paying the Offer
Insanity: doing the same thing over and over again and expecting different results. Albert Einstein The past two days I have witnessed downmoves in NTRI and ITMN caused by undisciplined traders paying the offer. I tweeted yesterday: If you are paying the offer in $NTRI you will make it go down. The HFTs are waiting for you to pay 4 … Read More