I recently visited the University of Central Florida to discuss what makes a successful trader. After my lecture, a crowd of students stayed behind, gathered and peppered me with questions. A philosophical non-traditional student, who had traded and then just quit one day wondering what the point to trading was asked, “Why do you enjoy trading?” I was a bit … Read More
The Best Setup for New Traders: A Changing Fundamentals Trade! ($ERJ)
What is the best setup for new traders to trade? A Changing Fundamentals Trade. One day the fundamental strength about the name is substantially different than just the day before. These trade setups outperform the market. They trend intraday. They can trend for 1-3 days for those of you who are swing traders. It’s this new news catalyst, a significant … Read More
I Am One of Those Traders!
I am caught in a fight with $NFLX for my free time and losing badly. Embarrassingly, I am late to $AMCX’s Mad Men and furiously making up for missed episodes. There is inspiration from the show that can help all of us recognize our goals. Peggy Olson is a supporting character in Mad Men trying to make it a man’s world, … Read More
Trader’s Ask: Should I Use a Time Stop in Alibaba?
Hey Bella sorry to bother you again intraday. I’m very close to having having gotten ride of my over trading tenancies/urges and will start pulling the trigger on better trades2hold in the coming days/weeks. BABA though, it formed a support at 112.10 – 12.15ish. When you get long. Two questions. 1.) If you got long at 112.12 do you … Read More
Seth Freudberg to address Scottsdale Traders and Investors Meetup Group
Seth Freudberg, director of SMBU’s Options Training Program, will be in Scottsdale, Arizona this Thursday evening, October 23, presenting to the Scottsdale Arizona Meetup group on the subject of how to become a professional trader. For those of you interested in trading, Seth will also be available all of Thursday and Friday morning to meet with you personally. You can reach out to Seth: … Read More
HFT Silliness
We received this question from an SMBU reader: Hello Mike, I have a question regarding Move2Move trades, since the trade moves quickly do you find it is better to “Hit the Bid” then to go on the offer? Thank you so much! @mikebellafiore A Move2Move trade is generally a scalp trade made by an intraday trader. You see a stock … Read More
Why Some Traders Almost Always Make $$ (SMBU Webinar Rewind)
Mike Bellafiore, Co-Founder of SMB Capital and SMBU and author of One Good Trade and The PlayBook, with Co-Founder Steve Spencer, present a trading webinar for the trading community: Why Some Traders Almost Always Make Money. Bella and Steve discuss 11 principles to become a successful and sustaining short-term trader. Goals: Why Intraday Traders Almost Always Make Money $$ Stocks … Read More
5 Lessons from Navy SEALs for Traders
I watched The Lone Survivor last night on my iPad about a Navy SEALs caught in a vicious battle with the Taliban. Five takeaways to apply to our trading: a) Think of surviving for your next breath. When a trade is going against you, instead of considering how to turn it into a winning position, live to make another trade. … Read More