MICHAEL BELLAFIORE Becoming familiar with a chart pattern is step one, says Mike Bellafiore, but from there, traders continue on a journey where they must always learn, adjust, and strive to hone their craft. Bella One Good Trade
Why I was leaning short (RVBD)
RVBD opened and held the 32 bid after gapping down miserably on the open. It popped almost two points from 32 and then was dominated by an aggressive seller(s). As RVBD made a pass at the 32 level from where it popped on the Open I got long again. This is one of our favorite technical set ups. But when … Read More
Closer Than You Think to Being One Good Trader
I received an interesting trade review from a new trader: a.m. trading I was very hesitant. my main ideas played out and I missed them IBM and MOS very frustrating for the rest of the day. when I was on the right side I sold too early. ended the morning slightly positive. told myself I prob shouldnt trade the rest … Read More
Passionate Traders Please Apply
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