Question: My question is how big a move do you typically look for on a fairly quick intraday scalp trade ? I know we take what the market gives and the skill is to know “when to hold em and when to fold em”..but I wonder what the mindset is. Example: watching LVS pull back to 46.70 today just before … Read More
Traders Ask: Should I Trade Stocks In Play?
Hi Mike, I hope that my email finds you well. I have a question about trading stocks that are in play. I’ve studied several approaches to game planning. 1) Come in with 10 – 20 stocks that have potentially good daily set ups, and wait for good intraday price action to confirm that its worth trading. I’ve found that this … Read More
Q&A With Mike Bellafiore and The Kirk Report
Charles from The Kirk Report interview Mike Bellafiore.
Traders Ask: Pullback or Reversal?
Hi Mike A common mantra repeated in most trading books is “follow the trend” and the process for doing so buy/sell through dips. Sounds easy however there are multiple complexities rarely discussed such as: – Few stocks continue in a nice straight line – The stock you’re watching is in a great bull trend, but the market is weakening … Read More
Traders Ask- How Do I Gain and Edge Trading Midday? (And thoughts from Vegas)
Hey Bella, Big fan of the SMB Blog and have been trading for about a year now. I engulf myself in as much helpful and educational trading literature but seem to struggle figuring out afternoon trading. My style is that I only follow and trade the same couple stocks every single trading day. These stocks typically have small gap moves … Read More
Traders Ask: Am I Too Old to Trade?
I have read this book and am incredibly inspired. Without going into further details, would you say age is a barrier to becoming a prop trader? At some point is one past the age where the skill set is present? Let me say that I am 50, have a fulltime job and am up 35% YTD and 140% off … Read More
A Database To Improve Your Technical Analysis
Reviewing my notes from Bounce I came across this passage: This is so funny as I was in a meeting with my partner, Steve Spencer, the other day with us talking to one of our better traders. Steve suggested for this star trader to take a snapshot (capstone capture) of his charts after his best trades and create a personal … Read More
Combinatorial Explosion- A Trader’s Hurdle
So you are a discretionary trader and a friend sends you a link to an awesome blog post where a world-famous trading teacher shares how to trade a Support Play. Excited you watch as the charismatic guru walks you through his system for trading this set up. He is an excellent communicator, has a solid trading track record and you … Read More