Dear Bella, My name is (name deleted) and I am a twenty year old student at University of Florida. I have been following smbcapital on twitter ever since I saw you guys on Wall Street Warriors. I am more of a currency trader but recently I have been reading your morning rundowns and trying to trade the stock like how … Read More
Learning From a Reader Who Learned From SMB Blog
Today I received this email from a trader who learned from SMB Blog. Perhaps now we can all learn from him. Here are his trades: Attached is a word document with screenshots of a trade I made this morning. I used 2 of your recent blog entries to find a stock and implement your strategy. Probably one of the best … Read More
Lots and Lots of POT Buying
POT was in an intraday downtrend. It looked horrible on the intraday chart. 140 was a huge technical level on our longer term charts. 140 became a humongous intraday level and guys were buying both hands at a time near and around 140. I tried to tweet the unusual buying on the tape, but Twitter was on a siesta. … Read More
Traders Ask: Trading Streaks and Trends
Mike, I have an interesting topic today. It’s about trading streaks and trends. One week ago, I sent you a question about the importance of trading stocks in play. After I received your response, I made some adjustments to my trading. Since then, I’ve outperformed with five consecutive $1,000+ days. This is a new level for me, and I’m very grateful … Read More
Entering Higher May Be a Better Long for Size (HIG)
HIG was In Play. 25 was an important level on our long term charts. And HIG found 25. You had a decision that extenuates trading in the HFT era. Do you load up right when HIG gets above 25 or higher after it has clearly holds above this important technical level? One of our guys was All In right when HIG paraded … Read More
The Importance of Visualization Exercises: A Testimonial
Mr Bellafiore, I must stop by to thank you for your amazing work on the SMB blog as well as the Stocktwits University shows. I have recently gotten into trading, replacing flying airplanes with AA to doing this full time (at least trying my best). Your visualization techniques are exactly what we do in the airline business on top of simulator … Read More
My Favorite Setup (CTSH)
Recently I have written about my favorite A set up for this market. I will discuss this in more detail Thursday during our webinar with SFO. We had another yesterday in CTSH. Let’s draw it up for you to give you another rep at an A set up that has been working in this market. The elements: 1. Fresh News: … Read More
Traders Ask: The Intraday Scalp
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