In this workshop, Marc showed traders how to utilize multiple time frames in order to decide which side of the market offers the greatest potential and the least amount of risk. This kind of market perspective can make the difference between taking profits quickly or giving the market more of a chance to realize a greater potential. If you missed this … Read More
My Thought Process: $NFLX
NFLX had a very powerful downtrend the prior day when it broke the March 28th support of 188.70. I was continuing to monitor it for a break of the 180-179 area. I missed the initial short entry on the Open when it held below 182. As luck would have it I returned to the desk just as NFLX was spiking … Read More
Four Ways To Get Your Trading Ready For the Summer
In most parts of the US and Europe, this winter has been positively arctic. Record snowfall, freezing temperatures and howling wind. It can be a downer, even for the hardiest of souls. Even then, most traders are in the office, focused on their screens and their results and not paying any attention to the weather. Summer may seem like the … Read More
Spencer Trade Review: Second-Day Plays for $FDX $ORCL $BIIB
In this video Steve discusses stocks with strong catalysts that can lead to high reward low risk second day plays. Stocks covered in the video include FDX, ORCL, BIIB and PCYC. Steven Spencer is the co-founder of SMB Capital and SMB University and has traded professionally for 17 years. His email is [email protected]. No relevant positions
Time & Price
This afternoon I tweeted that price was insufficient to confirm a move and that you need time as well. What does this mean? As traders we attempt to capture a new trend in the market we are trading. One of the most commonly used signals for a new trend is a powerful change in price. I have heard many traders … Read More
Finding a Jungle Guide
It can be a rough and cruel world out there in the markets. The competition is high, people are cutthroat, and the markets are never easy. Sometimes it can feel like a feral jungle, with danger lurking everywhere. You want to give yourself every edge and extra chances to succeed, but what really makes the difference? Simple: A mentor. In … Read More
Tricky Dicky
It was a very quiet morning in the world of “In Play” stocks. The only two tickers showing signs of life in the pre-market were DKS and GNW. After reporting earnings DKS lowered guidance which was causing a large gap to a major support area around 46.50. We were prepared for a bounce from this level given the strong underlying … Read More
What is a Counter-trend Trade?
The counter-trend trade has been the trade of the year thus far in the market. The trade is expressed via a long position in the SPY after a down move to recent support. The idea behind this trade is the market has a strong underlying bid and when it pulls back to a prior support level buyers will step into … Read More