Watch Mike Bellafiore in this short video discuss SMB’s Trade of the Week. SMB’s new video series for StockTwits TV first released exclusively on the iPad, details trading patterns that are consistently used on SMB’s trading desk. Mike Bellafiore, partner at SMB Capital and author of One Good Trade: Inside the Highly Competitive World of Proprietary Trading (Wiley), discusses a Technical Reversal Play for BIDU in this video.
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10 Comments on “SMB Trade of the Week: Baidu – May 15, 2010”
Did you guys play the lift off 74.96 – .97?
Did you guys play the lift off 74.96 – .97?
Steve Place,
The trade is from 5/15.
Bella
Great video. I´m glad you say something to the point that it would have been reasonable to have shorted it at the second failure of $82…because I know that´s is when I would have shorted if I was trading BIDU that day. The good thing about your video is it shows me a logical alternative (safer?) (not necessarilly one I will take) as to how to trade “apparent” exaggerated moves (emphasis on apparent).
Great video. I´m glad you say something to the point that it would have been reasonable to have shorted it at the second failure of $82…because I know that´s is when I would have shorted if I was trading BIDU that day. The good thing about your video is it shows me a logical alternative (safer?) (not necessarilly one I will take) as to how to trade “apparent” exaggerated moves (emphasis on apparent).
Joao,
Your results will become more consistent when you focus on shorting with size AFTER the uptrend is broken, except if we are in a range bound mkt- which we are not,
Thxs for your comments.
Mike
Joao,
Your results will become more consistent when you focus on shorting with size AFTER the uptrend is broken, except if we are in a range bound mkt- which we are not,
Thxs for your comments.
Mike
I meant from 6/2. Same stock, different day.
I meant from 6/2. Same stock, different day.
Steve,
Yes, that was a long. Especially since the mkt was strong yesterday and headed above $SPY 110. Each day is different for us.
Mike