Blog

Blog

Blog

Hello BBT community, I hope you’ve had a great first week of June. If this week has taught us anything, it is that the markets are future looking: they are more concerned with what is about to happen rather than what is happening at the moment. The market had an incredible rally, which was primarily due to the release of far better than expected economic data. The U.S. economy added 2.5 million jobs for the month of May, signaling that the recovery is on its way. This news was significant enough that the money managers reallocated some of their assets from...

Hello BBT Community, I hope you are all well and have had a green week. This week marked the last trading week in May. Yes! We are officially 5 months into 2020. Whether you had a good month or not, there is an old saying on Wall Street that some of you may have heard before, “Sell in May and go away.” I know many of you want to know if there is any truth to this. Well, the S&P returns for May of 2017, 2018, and 2019 were +8.0%, +2.4% and +3.1%, respectively. Despite the market sell-off this Thursday, we...

Hello BBT community, I join with our American traders and friends this Memorial Day weekend in honoring those who sacrificed their lives for all of the freedoms we enjoy today. Regardless of where you call home, whether it is in the United States or elsewhere, I hope you are well, safe, and of course keeping it green going into this weekend. This was an important week for the markets, as many companies in the retail sector (such as Walmart (ticker: WMT), Home Depot (ticker: HD), Target (ticker: TGT) and Lowe’s (ticker: LOW)) reported their Q1 earnings. 70% of the U.S. Gross National...

Dear traders:We are seeing a crazy market these days. Airlines are selling off and marijuana companies are ripping higher. The market is telling us this: people do not travel anymore but they do smoke pot! All jokes aside, this week we had an amazing presentation from one of our members, John Hiltz. His talk was entitled: Insights from A Newly Successful Trader. He shared an amazing and inspiring story with us on how when he began trading live, he experienced a horrible first two months (October and November 2019), but for the last few months he has been in the midst...

Dear traders: I have a few important announcements to make about our community. The first is concerning tonight’s Success Webinar by our very own Mike Baehr. As you all may have heard several times in our community, trading is a serious business and it needs to be treated as such. Every new business or venture requires a plan or a roadmap that sets out the various stages which will lead to success. Trading is just like any other new venture. You progress from the start-up phase to eventually expanding into new and varied markets. As I am now more confident in my...

Dear traders, As countries and states are slowly reopening, I hope you and those close to you are staying well and in good health. I also encourage you to join me in following all government health directives. This has been a very difficult time for many people and we really do need to keep on flattening the curve. I am writing to you today in order to share a few important announcements. First and foremost, please join me this Wednesday in our Success webinar where I will be speaking about how I use moving averages for short- term trading. Although moving averages...

Dear traders, This is just a reminder that I would like to invite all of you to this week’s special webinar with Dr. Brett N. Steenbarger (trading psychologist) and Mike Bellafiore (cofounder of SMB Capital). This webinar will be facilitated by me and the topic is: Collective Learning In A Trading Community: Including An Inside Look At How An NYC Proprietary Trading Firm Mentors Their New Traders Wednesday, 29 April, 8pm ET Webinar Room (Lifetime members only) & YouTube Live In this talk, Dr. Brett N. Steenbarger and Mike Bellafiore will discuss the benefits found in being part of a community of traders, including how...

On Thursday, April 23, 2020, at around 4:15 pm ET, my phone rang and I saw a California number on it. I picked up the phone, thinking that maybe one of my family members who lives in the state was calling me. No, it was the friend of a friend. My friend, who lives in LA, had introduced us a few night ago, because this person wanted to get some trade ideas from me. He has an account of around $400,000 USD and he’s been entering and exiting positions without much of a plan. He was doing some day trading,...

Dear traders, I hope you and your family are doing well in these uncertain times. Many of you might have experienced a bear market in the past (2009 or 2000 come to mind), but this is the first bear market of my trading career. These are certainly unprecedented days: a bear market, a pandemic, self-isolation and negative oil prices. Are you ready to see what the rest of 2020 has to offer? This week's Success webinar is with a distinguished guest, Dr. Kenneth Reid, who will be presenting on a very interesting and relevant topic: DANGER & OPPORTUNITY: Navigating Volatility During A Bear...

Dear traders,I hope you are doing well in these self-isolation times. More and more better news is coming forward and it seems some European countries are now gradually relaxing their constraints on business. We hope to slowly see an expansion in both economic and social activities. For some time still, our life may not be the same as it once was, but I’m sure you’ll agree that it will definitely be an improvement over isolation.Today, we are hosting a very important seminar with the great trader, author, and speaker, Brian Shannon. I had the pleasure of learning from him at...