Mike Bellafiore, author and co-founder of SMB Capital and SMBU.com highlights a Momentum Trade opportunity in the IPO GoPro (stock symbol $GPRO) with our college training class. Some Highlights: Mike explains the buy signal for this momentum trade. Technical levels in IPOs just one trading day old are significant. Understand this is a momentum trade which has little to do … Read More
The Playbook Checkup: Profiting from the Shooting Star Continuation Pattern
Below is our newest installment of the 2014 edition of The PlayBook Checkup with Bella, author of One Good Trade and The PlayBook. During these sessions a trade archived by a Junior Trader from our desk will be reviewed by Bella. Attendance is free for SMBU Tools subscribers, who can also ask questions during the event. In this video a … Read More
Trading Lesson: 2nd Day Trade—$ADBE
Adobe (ADBE) announced their earnings recently and the stock had a big change in price the following day. The stock had heavy volume, which is something I look for to setup a trade for the next trading session. This is one of the easier trades we teach in our training program and it’s called “2nd Day Plays”. After a stock has some type … Read More
Trading Lesson: Explosion After Rest—$TWTR
Today’s video trade review highlights a few key points for short-term equity trading. One, how to identify important “inflection points” which can be used as the basis for low risk high reward trades; two, when to consider getting back into a position that doesn’t work initially; and three, how to actively manage a position versus taking your hands off the keyboard and letting … Read More
Trading After the Debt Ceiling is Raised (Video)
Yesterday during our After-Hours Review our desk discussed attacking the markets after the debt ceiling is raised. Our preparation started yesterday. Notice that we run through different strategies: 1) Buy buy buy instantly 2) Wait for the market to settle and start a trend 3) Short the news 4) Fade a quick up move As a trading partner it … Read More
Looking For An Oversold Bounce– $YRCW
YRCW reported disappointing earnings on Wednesday and gapped lower. It moved very well off of the previous S/R levels 22 & 25 (see chart below). On Friday it traded below 22 as selling began to pick up again and it closed at 18 which corresponds with its pivot low from May & June. The large surge in volume as it … Read More
Proper Preparation Disguised As Luck– $WLT
I was long WLT two weeks ago as it was trending higher from 11 to 14. Then they made an announcement after the close about a new financing deal and it gapped lower the next morning causing me to give back a decent chunk of my profits. After trading down to 12 in the morning where it did huge volume … Read More
Trade Review: $LINE
You can be better tomorrow than you are today! Mike Bellafiore The PlayBook One Good Trade No relevant positions