Rarely if ever do I develop a trading thesis that involves macro analysis and a time horizon greater than a few months. But through conversations with pro traders with experience in the energy sector and reading a few excellent analyses on the oil sector I came to view oil as a great risk/reward long trade from the high $30s up … Read More
Is Citron Research Committing Securities Fraud?
The Citron Research website has been around for a number of years. It first came to my attention roughly five years ago when I was approached with an idea to make short trades based on their blog posts. That idea never panned out as the stocks they wrote about weren’t very liquid, and therefore the risk/reward didn’t make sense to me. Fast … Read More
Old School Market Manipulation
So my friend JC Parets tweeted recently that he is miffed by traders and investors complaining about market manipulation and not formulating a plan to profit from said manipulation. His point is, I think, as market participants our job is to find ways to extract profit from the market and if we recognize patterns/manipulations then we should have a plan … Read More
That Was Different—Did You Make Money?
In short term trading we are always on the lookout for something that looks “different”. That is where edge is. That is where good risk/reward is. The past few weeks the SPY has been bopping up and down in a tiny range. After four or five days it was unusual. After two weeks it was historic. Every short term trader was focused … Read More
Why Buy Gold On A “Risk On” Day?
I received the following email last night while watching Netflix: Dear Steve, my name is Guglielmo and I’m glad to be part of the Trader90 community. I trade from Singapore. Yesterday in the AM meeting you were discussing GLD as a long being a very strong stock. At the same time, we saw the strong NFP numbers, suggesting … Read More
When Buyers Are In Control
This video discusses how to identify areas that should be bought into market pull backs. 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 professionally for 20 years. His email address is: [email protected]. No relevant positions **Try a FREE TRIAL of all of our trading tools designed … Read More
The Technology Assist
Steve discusses how he uses technology in his process to help him keep track of and execute trades.
Wandering Off The Path
(May 25th 2016) I had a very disappointing day. I Lost money in trades that weren’t part of my pre-market game plan. And I Didn’t make money in the trades I outlined in our AM Meeting. When the day is over and I review my work I’m primarily measuring my results against how I executed on the opportunities that were identified prior … Read More