Bella discusses how he used three factors, Reading the Tape, Intraday Fundamentals, and Technicals to make a trading decision in RIMM today.
An Inside View of How and Why I Review My Trading Data
Gman, head trader at SMB Capital, wrote an excellent article for Wall Street Cheat Sheet about the methods he uses to review and analyze his trading data.
Trading Analogies and Humor
We have a great new training class from September 09. Some classes for whatever reason can turn out outstanding and others ordinary. Same teacher, same material, but very different results. And from my seat very different teaching experiences. We haven’t held a new training class since September of 09 so lucky for us that they are so enjoyable. June of … Read More
How to Make $3k in 30 Seconds
Ok so I was honest and shared that I got ripped in DNDN when it dropped 16 points in 40 seconds. And I was one the chumps who got their RMBS shorts busted after a huge chop. But today the trading Gods smiled on me. There was breaking news in MIL (Millipore Corp). TMO (Thermo Fisher Scientific) it was … Read More
Trading Our Best AM Idea – January 29, 2010
Our “Best AM Idea” that we tweet each morning as part of our morning roundup blog is a trade idea that is based on all of the information we have prior to the market’s Open. Yesterday, I suggested that FCX be bought on a pull back to 71.50. FCX has traded down about 20% since reaching a 52 week high … Read More
Adapt to Survive High-frequency Trading – SFO Magazine
Mike Bellafiore, partner at SMB Capital, wrote an article for SFO Magazine, titled “Adapt to Survive High-frequency Trading”. In the article, Mike discusses the effect High Frequency Trading (HFT) has had on the markets and the changes short-term traders need to make to adapt. Read the full article here and feel free to leave your comments on this blog. Don’t … Read More
Trading RIMM Tomorrow
I had a tough Open today covering two shorts within pennies of their highs and then watching them trade several points lower. The rest of the day was fairly productive as I observed some of the most In Play stocks and called out significant levels to other traders on the desk. But my mood changed from neutral to very positive … Read More
SMB’s Trading Philosophy – TraderInterviews.com
Mike Bellafiore, partner at SMB Capital, sat down for an interview with Tim Bourquin from TraderInterviews.com. In the interview Mike discussed SMB’s trading philosophy. Mike talks about why SMB chooses to trade “Stocks in Play”, the reasons he teaches traders to make “One Good Trade”, the importance of “Reading the Tape”, and how to spot “Trades2Hold”. Mike also discusses how to making trading decisions based upon intraday fundamentals, … Read More