The question open for discussion is this: are traders by and large masochists? Bella and I had a brief chat today regarding the breakout trade in KERX that occurred on January 28th. He asked me to do a Webinar on it as he thought I might offer some more nuance on how to manage the trade where his trade management … Read More
KERX Morning Preparation
Here is a short clip of my discussion of KERX from today’s AM Meeting. It is a small biotech that had positive Phase III data. Towards the end of the clip I talk a bit about how momo funds will push around these lower priced biotechs without regard for percentage moves. Too many times I have seen the DNDNs ARNAs … Read More
Guest Webinar: 3 Intra-day Time Frames
Steven Spencer will be breaking down the three major categories of trades that can be made intra-day by time frame. It has become increasingly clear during the past several years that certain intra-day trades should be de-emphasized and others given more attention. Steve will break down a trade from each category and then explain how to best allocate your time. … Read More
NFLX Pre-market Analysis
I wanted to share this clip from today’s AM Meeting. It is a reminder that stocks can go MUCH FARTHER than you expect. Steven Spencer is the co-founder of SMB Capital and SMB University and has traded professionally for 16 years. His email is [email protected]. No relevant positions
A Pro Responds To A New Trading Idea
Over the weekend Bella posted a new trading idea “I’m All In”. Here is the response from SMB Foundation alum and professional futures trader Bruss Bowman. I think his comment speaks for itself. Bella, Great thread. My personal trade log for the last month is full of entries around just this thought. One of the things that I’m looking at … Read More
I Was Captain of the Mathletes
In high school I was captain of the Mathletes. Once a month we would travel to other schools and compete against their top math geeks. Many of the problems we were asked to solve appeared to be complex but often contained what were simple solutions. In math and in nature things that appear highly complex often can be reduced to … Read More
CNBC Made Me Do It!
Here is an interesting comment from a reader in response to my blog post “My Thought Process: LIFE” Steve, Thank you sir for your thoughts. I constantly look for your tweets during the day. I don’t know why I bought so many books in the past. I have learned a lot from your generosity. I turned LIFE green into red … Read More
My Thought Process: $LIFE
It isn’t my regular practice to “Live Tweet” when I’m involved in actively managing a position. By nature I am not a good “multi-tasker” (don’t get my girlfriend started on that topic 🙂 ). But LIFE was so In Play today that I wanted to share some of my thoughts and actions right as the market opened for trading. So … Read More