A Sale is a Sale is a Sale!

gmanGilbert Mendez's (Gman's) Blogs3 Comments

Yesterday during our morning meeting Steve brought up an interesting point and I couldn’t resist writing a blog post about it. In fact, this is not the first time I have heard about it and it bothers me quite a bit. For some odd reason long-term investors do not believe in taking profits. I can understand not taking profits because … Read More

Free $

gmanGilbert Mendez's (Gman's) BlogsLeave a Comment

We always say that trading does not have to be hard. Like Bella says, when I go to the bank at the of the month they are not going to question how I made my money. Yes, some days I have to grind my way through a good day but even on slow market days there is plenty of free … Read More

Getting Flustered

BellaGeneral Comments4 Comments

We had a film review yesterday with one of our better young traders. The young man can trade. But he under-performed on the Open. So we watched the video of his Open. It was like someone else was inhabiting his body. I did not recognize this type of trading from him. In fact I am not sure you can really … Read More

The Absurdity of MER

sspencerSteven Spencer (Steve's) Blogs, Trading Theory2 Comments

I really wanted to write this post after the market closed today.  But I have been literally working on other projects for our firm for the past seven hours (11:50pm EDT now).  So I’m going to share my thoughts on what I believe is a very good risk/reward trade in Merrill Lynch. MER issued a secondary about two weeks ago … Read More

Batman

BellaGeneral Comments, Mike Bellafiore's (Bella's) Blogs1 Comment

Just read GMan’s blog about SMB’s Batman night.  I have to add a few thoughts.  1) Watch Batman on an IMax screen.  It is an incredible movie watching experience.  If you live close to NYC or in NYC don’t just go see it on a regular screen.  Go and find an IMax theatre.  If you have already seen in on … Read More

Summer Trading

gmanGilbert Mendez's (Gman's) BlogsLeave a Comment

The slow part of the summer is upon us. Seasonally this is the best time to take time off to get ready for another exciting year of trading. August is typically a very slow month in trading, especially the last two weeks of the month. If the volume and volatility is not there, it is not the time to sling … Read More

Be in the Stock When It’s Moving

BellaGeneral Comments, Mike Bellafiore's (Bella's) Blogs, Trading TheoryLeave a Comment

As we have mentioned previously in my blog some have emailed me with concerns that program trading will rule trading soon.  The market will never displace the disciplined independent trader.  What is certain is that programs mandate that you adjust your trading and more selectively choose your entry points.  Let’s take a look at ELN from yesterday to illustrate this … Read More