Yesterday, I made the below three trades on the Open based on our morning game plan and strategies we teach on the prop desk. It is important to spend time reviewing your trades each day to determine if you followed your trading plan and identify possible improvements on execution. BABA (win)—good #s. With large recent runup no great setup but expect … Read More
Did A Short SetupTrigger in JPM?
Following JPM’s earnings report it gapped higher then faded the rest of the day. Steve Spencer discusses a possible short setup. 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
The Vocabulary of Winning Traders
Winning traders have a specific vocabulary. It doesn’t matter what market, niche, timeframe, or trading style they focus on… the words they use (and don’t use) are remarkably similar. We know this because we have worked with thousands of traders over the past 20+ years… and we’ve seen losing traders turn into winning traders. Often, the vocabulary they use changes … 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
Volatility Has Returned, But for How Long?
Here’s something that you can learn from and potentially add to your trading to increase your chances of being profitable every month. SMB added an options trading desk a few years ago. Over that time we have seen a very valuable pattern develop. When directional equities and futures traders are struggling with low volatility, the options desk is usually doing … Read More
[Video] Highlights of Ten Winning Trades
Click the banner below to learn about the live 10-week online course “The Winning Trader” which begins June 1st at 4:15pm EDT (New York).
When To Get Short Facebook
Here is a short video clip from our AM Meeting the morning after Facebook reported earnings. I discuss potential trading scenarios including the most common pattern we have seen in the past offering a good risk/reward on the short side. Steven Spencer is the co-founder of SMB Capital and SMB University which provides trading education in stocks, options, forex and futures. … Read More