Technical Analysis is what you already know. Price action analysis is what you should know. Technical analysis is the study of charts. Looking at patterns with the hope that it will appear again and offer an opportunity to make money. That’s not how you make money trading. Profitable trading is about skill development. Price action analysis is truly understanding the underlying factors … Read More
Decoding Short Opportunities: How Goldman Sachs & JPM Morgan Created Profitable Moves in $SRPT
Our #1 trading idea for Friday was SRPT. It sold $300 million of shares in a secondary offering via Goldman Sachs and JP Morgan. Normally, biotech secondaries are excellent long set ups. The prior week I had been long AERI following its secondary offering and it traded 30%+ higher in a few days. But this time was different. I discussed why SRPT was likely a good short … Read More
Trade Review–Shorting A Stock After Earnings $RHT
In this video I walk you through my thought process in developing a plan to short Red Hat following its earnings report. Each morning we develop trading plans for Stocks In Play. For more info sign up for a free trial which includes all of our trading tools and live position updates. Steven Spencer is the co-founder of SMB Capital … Read More
Close The Gap!
I work with a lot of traders trying to “make the turn” – that is the turn to consistently profitable. Among the plethora of issues preventing the average trader from being consistent, one has come up rather often recently. The gap. The gap between what you see as great opportunity at the end of … Read More
How To Identify A Long Term Bottom–Twitter
In this video I discuss the process by which Twitter formed a long term bottom in 2016. This lesson has broad applicability for traders/investors attempting to catch larger moves (30%+) in the stock market. 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 … 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
Not All Setups Are Created Equal
In working with retail traders I get to see where people have holes in their trading plans, and where they need the most help. One of the most common areas I see a major need for improvement is in using the higher timeframe. Why do we use the higher timeframe? Let’s say, for example, we’re in intraday trader that likes to … 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