At 9:30 AM, the opening bell rang. $NVDA shot up $2.00 instantly. His old self would have chased it. His old self would have bought at the top, panicked, and sold for a $50 loss.
Review your trading history. Find the 3 most profitable setups you consistently execute well.
Then he saw his red notebook. The Rule: If I hesitate, close the laptop. the playbook pdf mike bellafiore 2021
Each play has entry rules, stop levels, profit targets, and session context.
If you want to take your trading education further, I can provide more details on specific concepts. Let me know if you would like me to map out a , break down the mechanics of Tape Reading , or explain how to filter for "Stocks In Play" every morning. Share public link At 9:30 AM, the opening bell rang
Key support and resistance levels, multi-timeframe trends, and volume profiles.
Tape reading—analyzing the Level 2 screens and Time & Sales—is a hallmark of SMB Capital’s training. It involves watching how bids and asks react at critical technical levels. Tape reading helps you identify hidden institutional buyers (iceberg orders) or aggressive sellers before the chart pattern fully forms. 5. Trade Execution and Risk Management His old self would have bought at the
Before diving into the book's content, it's critical to understand the credibility of its author. Mike Bellafiore is not an armchair theorist; he is a "battle-tested" professional trader. He is the co-founder of , a proprietary trading firm in New York City, and SMBU , its trader education company. Bellafiore has also co-authored a chapter for The StockTwits Edge and writes regularly for the popular SMBU blog, sharing cutting-edge ideas on trading performance.
You cannot trade a setup effectively if the underlying stock lacks volume or catalysts. A "Stock In Play" is a stock that is highly likely to move independently of the broader market, usually driven by: Earnings beats or misses Regulatory approvals or rejections Major analyst upgrades/downgrades Substantial pre-market volume and gaps 2. Document the Setup Vertically