Mike Bellafiore, author of One Good Trade: Inside the Highly Competitive World of Proprietary Trading, was featured on The Disciplined Investor. Mike talks with host, Andrew Horowitz, about the shift to high frequency trading (HFT) in the trading industry and the ways SMB has adapted to combat the adoption of HFT. Andrew does a weekly podcast, which can be found … Read More
Traders Ask: What is My One Good Budget?
My name is (XXXXXXXXXXX) and I just finished “One Good Trade.” I enjoyed your book very much and I wanted to send a few comments your way. Personally I am a full time day trader from home. Currently I am concentrating on the SP emini but after reading your book I feel as though I need to start looking for … Read More
The One Penny Difference
FDX broke down technically below 82.71-82.65 intraday. 83 was a prior important intraday level. The sellers won that battle. FDX found 81.80 in a nice downtrend after the technical break. And then we had another excellent opportunity for a technical trade. We had another A trade. When a stock breaks a technical level like at below 82.71-82.65, makes a … Read More
Traders Ask: Why Don’t You Trade Light Volume Stocks?
Hey Mike. Hope you have had a great weekend. In your book (In Play section) you mention you prefer the stock to do at least 1 million shares, and that you stay away from stocks where the daily volume is likely to be less than 600k shares. The thing that makes me confused is that this makes no sense to me … Read More
Traders Ask: Do I Have to Go to the Right School to Become a Great Trader?
I just turned 19 over the summer and I’m a student at UNC-Wilmington. I’ve been interested in trading stocks and options (mostly options) for a few years now as my father day trades some, but he’s a carpenter so he can’t watch the market all the time so he has had mixed success. I’ve done a fair amount of paper … Read More
And The Real Reason For That Losing Trade Was……..?
Look at the chart above. Say you shorted RIMM below 45 and got stopped out at 45.16, develop a reason for this loss and then continue reading. Ok great to have you back with us. Today during a teaching session Bad A$$ Mike shared a trade he made on the Open getting short RIMM below 45. Steve whispered in … Read More
HPQ BIDU and some JAZZ
Well its slow out there. This AM there were only a few stocks with fresh news. JAZZ was one of them. HPQ and the proposal of them potentially buying PAR was another. So I traded both. As I write I am also short BIDU. Let me share my thinking. JAZZ From Briefing.com: Jazz Pharma shares trading 30% lower following Friday’s … Read More
My CREE Trade
About two hours ago I tweeted: $CREE near 60 huge R level @biggercapital responded: would like to hear your what if scenarios RT @smbcapital: $CREE near 60 huge R level And then came @readerfinance: would like to hear your what if scenarios RT @smbcapital: $CREE near 60 huge R level: would like to hear your what… http://bit.ly/dodYtu At SMB we … Read More