What is more important? The OUTCOME of a decision regardless of the PROCESS that generated it? Or the PROCESS applied to generate the OUTCOME regardless of the results? The answer can reveal the strengths and possible weaknesses of how we manage the information used to define our trading edge and the significance we place on the results of that trading edge. For … Read More
Inside The Trading Vault – A look at CL_F
Trading Vault Concept – “When charts are in a trend, we are often tempted to pick bottoms or tops because we FEEL a chart has reversed enough. The slightest drift over or under a level, we trigger our trades to initiate a trade in the direction of the move, but in these markets breakout and breakdown levels … Read More
Inside The Trading Vault – The ES_F
Trading Vault Concept – “Trading charts profitably and with consistency depends on how well the trader understands the current market structure and relationships between buyers and sellers. Once we understand these formations and structures, we become much more capable of creating our own consistent strategies that perform with a high degree of reliability and consistently.” Trading the ES_F overnight and … Read More
The Must-Follow Podcast from StockTwits: Insights with Mike Bellafiore
Mike Bellafiore was interviewed on #TheMustFollowPodcast from Stocktwits by Sean McLaughlin. To subscribe to #TheMustFollowPodcast go here or get them on iTunes. Below is an excerpt written by @ChicagoSean about this #MUSTLISTEN trading podcast with our own Mike Bellafiore. Mike Bellafiore: Trading as a Performance Sport To be the best, you’ve got to train like the best. We know this to … Read More
One Mistake Your Broker is Glad You’re Making
A common mistake that new and developing traders make in the options market is to trade strategies that involve high commissions relative to the earning potential. We often see newer options traders applying great options strategies to the wrong instruments. Option trading strategies that involve frequent management to control risk can be commission intensive. This is especially true if you’re … Read More
Today’s Top 2 Trade Setups–AMZN & TEVA
This morning we were setting up for a very busy day. In addition to the market continuing its slide from last week — there were a multitude of In Play names and Second Day Plays from Friday. Our #1 ‘In Play’ idea was related to TEVA which had agreed to purchase, in a mostly cash deal, the generics business of … Read More
Study Price Action & Stop Being A Silly Troll
Back in April I tweeted a picture of a SPY chart that I thought was rather instructive. Here is the chart: A few things we can take away. The first is that the SPY 204.30 had been tested in February and then again in March. The bounce in March was very fast moving from the low to SPY 211 in … Read More
A Few Trades From Today
We are in the thick of earnings season now. It is time to perform. Here are some stocks that were stocks that were discussed in our AM Meeting. The format of the meeting is Big Picture (discuss indexes), stocks with fresh news catalysts and likely trading patterns and conclude with Second Day Plays (key levels identified from prior day’s trading) and … Read More