Stick With It

BellaGeneral Comments, Mike Bellafiore's (Bella's) Blogs2 Comments

Internally SMB  shares intraday alerts for all major intraday levels that our desk discovers.  Our desk is taught to share important intraday levels verbally through our audio feeds.   None of this works without trading skills.  None of this works without the trader sticking with a trade.  Let’s discuss. Today I was trading OSIP.  It was In Play, had gapped up, … Read More

Plan B

BellaGeneral Comments, Mike Bellafiore's (Bella's) Blogs2 Comments

Today at SMB’s headquarters in midtown Manhattan we watched some trading tape with our developing traders.  And yesterday we did the same.  A recurring theme jumped out.  How to enter a stock above an important level when you missed your initial buy.  Let’s discuss. One of our better traders showed his tape of GIS recently (Honey Nut Cheerios….delicious!).  Between you … Read More

Perspective

BellaGeneral Comments, Mike Bellafiore's (Bella's) Blogs12 Comments

One advantage of trading experience is perspective.  There are ebbs and flows to the market.  There are natural periods where we slump.  And there is a learning curve that the new trader must overcome.  Let’s discuss. In the book that I am currently writing for Wiley, I start a chapter explaining that there are way too many people walking around … Read More