Mike Bellafiore, author and co-founder of SMB Capital and SMBU.com highlights a Momentum Trade opportunity in the IPO GoPro (stock symbol $GPRO) with our college training class. Some Highlights: Mike explains the buy signal for this momentum trade. Technical levels in IPOs just one trading day old are significant. Understand this is a momentum trade which has little to do … Read More
Stocks Do What They Want To $COH
Mike Bellafiore, author of the “trading classic” One Good Trade and The PlayBook, analyzes a trade in $COH for the SMB College Student Training Program on causal Friday at the firm. This 2nd Day Play in $COH had some traders on edge but the real trade was letting $COH do what it wanted to do below the 34.85 level that developed. As always, we … Read More
SMB Trading Tip of the Week: Discover the Information in the Counter Move $LULU
Mike Bellafiore, author of the “trading classic” One Good Trade and The PlayBook, offers the SMBU Trading Tip of the Week using a recent trade in $LULU. There is information to be discovered in the moves counter to the direction of your trade that can foreshadow where the stock is headed. This quick tip might help you gain confidence to get bigger in … Read More
The PlayBook Checkup: Fade Trade $DEPO
Below is our newest installment of the 2014 edition of The PlayBook Checkup with Bella, author of One Good Trade and The PlayBook. During these sessions a trade archived by a Junior Trader from our desk will be reviewed by Bella. Real-time attendance is free for SMBU Tools subscribers, who can also ask questions during the event. In this video … Read More
Free Options Webinar: Jim Riggio, of Capital Discussions: The Kevlar Butterfly Trade
Your Option for a better trading life……together (SMBU Options Tribe) SMBU’s Options Tribe is an online community of options traders dedicated to sharing successful options trading ideas with all of our members worldwide. Each Tuesday, SMBU hosts an options webinar—the Options Tribe—during which veteran options traders and experts in the world of options trading share live presentations. Next Tuesday, Jim Riggio … Read More
How to Custom Design Monthly Options Trading Plans
Why You Need to Learn How to Adjust Your Plan “Jeet Kune Do is simple, but you need to know when to use a certain movement.” -Bruce Lee Most trading frustrations come from allocating capital at the wrong moment. Learning when to avoid a strategy and, why you should, will eliminate costly inexperience. Strategies live in a vacuum but the … Read More
Becoming a Confident Trader: It’s Not What You Think
As a trading psychology coach, one of the more common questions that come up is “How can I be a more confident trader?” This is an extremely important subject because having the correct confidence level is essential to being a good trader. Lack of confidence creates stress and poor trading decisions which lead to unneeded losses. Let’s take a look … Read More
Why Options Traders May Have the Better Mindset
After fifteen years trading equities the insight hit me like a sledgehammer… A casual conversation with John Locke turned into one of those movie scenes where the actor wakes up from a deep sleep with a new mission. In my case it was a new thought process of how traders actually earn money. Now keep in mind here I am … Read More