Hello Mike – I completed reading your book last week and have to say the lessons I’ve learned from it are extremely invaluable to me in my quest to develop into a consistently profitable trader. I have typed up (18) pages of notes from your book that I have been reviewing them regularly in order to pound these concepts into … Read More
The $GPRO Short and Why the Market Doesn’t Care
*****This is a guest blog submission from Jordan Caroleo – @Jordar411***** — Editor’s Note Traders, including myself, were caught in a wash of trades in this breath of volatility pushing longs and shorts alike. One thing that I’ve heard and have seen were traders anxiously waiting to get short $GPRO. I stepped back, looked at the technical side and asked those … Read More
An Uncomfortable Short ($JNS)
Hey Mr. Bellafiore, I hope all is well with you since we last spoke in the middle of the summer. I have two quick questions for you, that I hope you can answer when you have a spare moment. These questions are both based on your personal trading style. 1.) Is there ever a point in the day where you … Read More
How I Traded Two IPOs Today ($CYBR and $CFG)
Watch Bella explain how he traded two excellent IPO opportunities today. You might notice both were not named Alibaba 🙂 “You can be better tomorrow than you are today!” Mike Bellafiore is the Co-Founder of SMB Capital and SMBU, which provides trading education in stocks, options, forex and futures. Bella is the author of One Good Trade and The PlayBook. … Read More
How I Traded Alibaba ($BABA)
Before the Open our newest traders met at my desk to discuss the stocks to watch, including $BABA. When trading IPOs there are two important considerations: 1) momentum 2) technical levels Below yesterday low of 89.50 tipped the momentum down. Below 89.50 and BABA was at all-time lows, if you can say such a thing about an IPO trading 30 … Read More
SMB AM Meeting Recap: $BABA
In this short video, Steve discusses a stock from this morning’s AM Meeting. Every morning he reviews the market and analyzes the stocks that are in play and likely to have second-day moves. Steve discusses the potential trading setups in $BABA. Steven Spencer is the co-founder of SMB Capital and SMB University which provides trading education in stocks, options, forex and … Read More
The Easiest Trade During the $BABA IPO
Watch this video below on how to attack the $BABA opportunity by trading $YHOO. The $YHOO short was the easiest trade during the $BABA IPO session. Watch Bella explain this excellent risk/reward trade with SMB’s new traders. “You can be better tomorrow than you are today!” Mike Bellafiore is the Co-Founder of SMB Capital and SMBU, which provides trading education … Read More
How Many Trades Do You Find Each Day?
Hi Bella, First of all I would like to thank you for everything that you do for us traders. I’ve just started to read The Playbook and I’m sure it will help me develop as a trader. I’ve one question though, in Playbook you write that we should archive trades in our Playbook that makes most sense to us. Well … Read More