Often I receive questions regarding how I determine important price points for establishing trades. It is a combination of several factors each time but by far the heaviest weight is given to recent support and resistance levels. You would be surprised at how often after I make a trade I’ll receive a comment like “you shorted at the 66.3% fib … Read More
Trade Commentary: Is Ciena in the Early Stages of a Bigger Move?
In this short clip from Friday’s AM Meeting I discuss why I’m looking to build a long position in CIEN. Being on the lookout for stocks that have enormous longer term upside are what helped me focus fairly early on FSLR, GMCR, NFLX in late 2012 and CREE in 2013. Steven Spencer is the co-founder of SMB Capital and SMB … Read More
Trading Lesson: Why Short on a Large Gap Down? $RAX
In this video I explain why 37 was a good risk/reward short trade in RAX today. The conversation took place during our AM Meeting in which I prepare our traders and subscribers to trade the Open. Steven Spencer is the co-founder of SMB Capital and SMB University which provides trading education in stocks, and options. He has traded professionally for … Read More
Who Has Made The Most Money in 2014
As a partner of a trading desk I get to observe many different trading strategies at work. One of the most interesting aspects of this to me is seeing which traders at any given point in time are pulling money out of the market. Five weeks into 2014 and three separate groups have done extremely well. And they have done … Read More
Market Commentary and Analysis
In this short clip from our AM Meeting I break down recent SPY action and discuss my thought process for possible trading scenarios. Also highlighted two In Play stocks ARMH and TWTR with possible trading scenarios. Steven Spencer is the co-founder of SMB Capital and SMB University which provides trading education in stocks, options, forex and futures. He has traded … Read More
This Week’s Top Posts
A busy week in the market with our first legit pull back since early October. All of the below posts deal with process, which is the only path to longevity for most successful traders. Also, check out the short video Bella created offering a sneak peak at the SMB mentoring program entitled “The DNA of Successful Trading”. Six Reasons Traders … Read More
This Week’s Popular Posts (1/12-1/18)
1. Some Thoughts on 2014: Upside Volatility—Spencer reflects on 2012-2013 market behavior and offers some thoughts on how to pull more money out of market in 2014 2. Solving Your Top Five Trading Frustrations (Video Webinar)–Bella & Spencer sift through the data of 100s of traders in the SMB Community and offer solutions to their Top 5 trading frustrations 3. … Read More
Be Proud of What You Have Accomplished & Do Well
I was on the subway after work yesterday and a tweet from @gtotoy caught my attention. It was a friendly reminder that we all need from time to time to not simply use our review process to focus on our flaws and what did not go as planned. It is just as important, no actually more important to recognize that … Read More