In One Good Trade I offered this example of a RIMM trade: Today I got this email from SMBer Terry: Hello Mr. Bellafiore, I just have a quick question about adding size to a short in a weak stock that is working against you. In your book, you reference a play in RIMM around the level of 82. The play … Read More
Trader Rant
Yesterday I wrote a blog on how to use the ideas from others to add to your trading game. At SMB we share a lot of what we do so others can learn. Yesterday a Reader took exception to something that we have shared, our best AM idea. I had something that worked for me, but I have lost my conviction … Read More
A Point of Clarification
We teach our traders/trainees/community to start thinking about the markets as we do. We make decisions based on three factors: Reading the Tape, Intraday Fundamentals, and Technical Analysis. We ask our desk to find the Stocks in Play. We ask our desk to trade intraday. It is our belief that this is the best way for a new and developing trader … Read More
We Are All So Different
It’s funny… we had a webinar yesterday and it demonstrated how many different ways there are to look at the markets. We are intraday traders yet there are so many distinct ways to intraday trade. Trade with the trend. Fade. Scalp. Momo trade. Swing trade. Slow movers. Stocks that sprint. Moving averages. No moving averages. Charts. Some charts. Reading the Tape. … Read More
Becoming Attractive to Prop Trading Firms: Insights from Stockbee Blogspot
Dear Mr. Bellafiore, I just finished your book while on vacation in Cabo this week and was blown away. For the last several years I have wanted to get into trading professionally, but couldn’t make the move because I was not sure there was a system for learning and coaching that would help me get better, not just follow what the “superstars” … Read More
Choosing a Day Trading Simulator: Need Help?
Thanks for all the resources and knowledge that you share with the public. My 8:00 to 5:00 job makes it tough to find screen time and when I do, I often hesitate on entries. Google finds a long list of trading simulators, but could you offer a suggestion or two? We use LightSpeed’s simulator for equities. We have a proprietary … Read More
Traders Ask: Why Not Tick Charts?
Please pass on to Mr. Bellafiore that his book is the best one I’ve read on prop trading and on my top 10 of trading books, maybe top 5. 🙂 Not that would mean a hill of beans to him but regardless, it truly was an enlightening book. If he has a few minutes I do have a question to … Read More
The Weekend Review
A terrific exercise for traders is The Weekend Review. I received an example from one of our traders and thought it could offer some ideas for readers interested in starting or improving their Weekend Review. Over the weekend I went over my results for February. Lack of discipline in hitting out of my stocks, being stubborn, and breaking my own trading rules … Read More