The Must Follow Podcast from StockTwits with Mike Bellafiore

Mike Bellafiore was interviewed on #TheMustFollowPodcast from Stocktwits by Sean McLaughlin.

To subscribe to #TheMustFollowPodcast go here or get them on iTunes.

Below is an excerpt written by @ChicagoSean about this #MUSTLISTEN trading podcast with our own Mike Bellafiore.
Mike Bellafiore: Trading as a Performance Sport

To be the best, you’ve got to train like the best.

We know this

One Mistake Your Broker is Glad You’re Making

A common mistake that new and developing traders make in the options market is to trade strategies that involve high commissions relative to the earning potential.

We often see newer options traders applying great options strategies to the wrong instruments.

Option trading strategies that involve frequent management to control risk can be commission intensive.


The after hours price action in TWTR was epic. The market had been anticipating a large move following its earnings release based on how pricey its options contracts were prior to the announcement. And TWTR certainly didn't disappoint. After closing the regular session at 36.50 it traded above 40 when its earnings were released.

Today’s Top 2 Trade Setups–AMZN & TEVA

This morning we were setting up for a very busy day.

In addition to the market continuing its slide from last week -- there were a multitude of In Play names and Second Day Plays from Friday.

Our #1 In Play idea was related to TEVA which had agreed to purchase, in a mostly cash deal, the generics business of AGN.

Are you doing this with your trading/investing? (SMBU Daily Video)

In our SMBU Daily Video, learn how to make the most out of great trading opportunities.

In this video from Mike Bellafiore, you will learn:

What made $URI a great trend trade
How we traded $URI
The importance of trade review
How you can capture the next opportunity like the $URI trade

We hope this video helps you improve your trading skills.

- SMBU Team

* no relevant positions

Study Price Action & Stop Being A Silly Troll

Back in April I tweeted a picture of a SPY chart that I thought was rather instructive. Here is the chart:

A few things we can take away. The first is that the SPY 204.30 had been tested in February and then again in March. The bounce in March was very fast moving from the low to SPY 211 in three trading days.

Waves and Candle Retracements (SMBU Daily Video)

In our SMBU Daily Video, learn more about wave and candle stick retracement.

In this video from Anne Marie Baiynd, you will learn:

Market waves produce certain types of energy
When market patterns are about to shift
Why you should be trading in the direction of the trend.

We hope this video helps you improve your trading skills.

- SMBU Team

* no relevant positions

New Insights For Swing Traders

SMB is often thought of as primarily a day trading firm.

SMBU’s Options Tribe Webinar: Options Tribe Member Pran Katariya: Trading Weekly Credit Spreads Utilizing the Squeeze Play Indicator

This week, Options Tribe Member Pran Katariya will be appear for the first time as our guest panelist, discussing how he uses John Carter’s “squeeze play” indicator to place directional vertical spreads

Realistic Options Returns (SMBU Daily Video)

In our SMBU Daily Video, learn what realistic returns you should expect.

In this video from Seth Freudberg, he answers:

Can you make $500 a week on a $5000 account?
What are realistic returns on options income trading?
What happens to those who strive to make over 10% a week

We hope this video helps you improve your trading skills.

- SMBU Team

* no relevant positi