Shorted HPQ But Not For Size

BellaMike Bellafiore's (Bella's) Blogs1 Comment

I shorted HPQ on the Open at 43.70 but no for size. It is more than a point lower and I am reviewing whether I was a wuss, my intuition not to short with size was appropriate, or something else. At SMB we make trading decisions based upon three factors: Reading the Tape, Intraday Fundamentals, and Technical Analysis. HPQ had … Read More

3…2…1…Live

BellaMike Bellafiore's (Bella's) Blogs4 Comments

I know of no more encouraging fact than the unquestioned ability of a man to elevate his life by conscious endeavor. — Henry David Thoreau Our June class will go live on Tuesday. Home of an interesting cast of characters like: 100 Push Ups, Everyone’s Best Friend, Iron Mike Mike, Trend Line, the Air Canada boys featuring 1000 Questions, The Staten Island … Read More

Scenes from an Italian Restaurant

BellaMike Bellafiore's (Bella's) Blogs4 Comments

A bottle of red, a bottle of white, Whatever kind of mood you’re in tonight I’ll meet you anytime you want In our Italian Restaurant. Billy Joel A twenty something professional trader enters Zagat’s highest rated Italian restaurant in Soho for a free dinner with a founding partner of his firm. It’s Soho so all this was preceded by four … Read More

Hearing, Trusting and Trading

BellaMike Bellafiore's (Bella's) Blogs5 Comments

Huge HT to @traderinterviews, the place to listen to profitable, experienced traders share market lessons, for sharing an important video on trust. More specifically on trusting your teammates. Or to us on trusting our trading teammates. Please watch below. Let’s walk through logically why it is so important as traders to develop the skill to gather trading ideas with your … Read More

I Want to Be in this Trade!

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Today trading BIDU I made two trades that are very different. One was a trade with which I had supreme confidence. The other was a good trade that probably would work but I wasn’t sure. One was an A trade. The other wasn’t. One can make my month. The other can cause heartache, like that girl who just isn’t available. … Read More