Tuesday, July 19th 2011 Watch an interview with Mike Bellafiore and the MoneyShow.com from the past Traders Expo in Dallas. Mike Bellafiore discusses some of the key traits that he looks for when hiring proprietary traders and tells why passion and a thirst for knowledge sits atop the list. View the video here
The wrong stop (IBM)
IBM drove on the open after gapping up. At 52 week highs if you did not pay right on the open you were left to watch a 2 point upmove. I am sure many passed on the first ticks opening drive play. Flagging at 180.50 offered our easiest trade which I am sure many did not miss. At 52 week … Read More
Focus on the Method Not the Money
Monday, July 18th 2011 Watch an interview with Mike Bellafiore and the MoneyShow.com from the past Traders Expo in Dallas. Mike Bellafiore discusses how traders should be fixated on their methods rather than their P&L. View the video here
How I Will Trade This Earnings Season
I have increased some one-one-one mentoring with a few developing traders. Their goal? To make a significant leap forward during this earnings season. During our discussions my goal is to help them limit their trading to their best setups. Here’s a thought that just keeps coming back to me. The market offers 100 windows that you can look into. My … Read More
My Thoughts Trading Intraday (MCHP)
Here are my trading thoughts for MCHP on the Open. 1) Short below 33.50. Steve, @sspencer_smb, mentioned 33.50 as a level during our AM meeting. MCHP was gapping down below long term support of 34 and impressively overall. Below 33.50 and I started a short position. This was not the easiest play as there was some volatility above and below … Read More
World’s Leading Traders Speak 4 Earthquake Victims
Tuesday, July 12th 2011 For the past two months, the world’s leading traders came together for a live charity event to help victims of the New Zealand and Japan earthquake. All these webinars have been archived and are available to be viewed for those who could not attend. There is so much awesome trading content here! Also, SMB’s Mike Bellafiore, … Read More
Inside a Trader’s Brain (SPY)
1) Short. Aggressively Short. Europe was down across the board 1 percent. We had new specific breaking bad news in Italy. Our markets have climbed very quickly of late. The next support level in SPY is 132-132.20. Or much lower. For the intraday trader fading below this level on the long side is poor trading. There are some traders with … Read More
Where the Psychology Changed
There are so many indicators one can use for technical analysis. If you spend some time with experienced traders many will tell you they use very few indicators to none. Hmm. The new and developing trader would be surprised at how clean most charts look for many successful traders. Steve uses very few indicators. Adam is a huge proponent of … Read More