Eminis are futures contracts for various indexes, commodities and currencies. Eminis have their own trading personalities just as equities, and just as GOOG trades differently than WMT, each of the Emini contracts has their own trading personality profile. There is no *right* market to trade just as there is no one trading style that meets the needs of all traders … Read More
A Tape Trade–URBN
I make trading decisions based on 3 factors: Tape (order flow), Technicals (trend, support, resistance) and Catalysts (News). The least understood of the three is the Tape. It is a skill that takes thousands of screen hours to develop. But once developed it is a skill that enhances the risk/reward of your trades and often enables you trade with larger … Read More
March 12th Gameplan Review
SMB Capital Stocks In Play Call Review. Each morning before the market opens we discuss the stocks that we believe will offer the best risk/reward trading opportunities intraday. Today’s review featured YOKU, ORCL, SODA, MCP,GMCR, FCX and AAPL PDF Summary Gameplan March 12th Steven Spencer is the co-founder of SMB Capital and SMB Training and has traded professionally for over … Read More
Trading Is All Psychology
The following news was released after the market closed. 16:31:20 FDA Panel Votes 20-2 In Favor of Approval For Vivus’ QnexaVivus, Inc. (NASDAQ: VVUS) received excellent news on Wednesday as an FDA advisory panel has voted 20-2 in favor of approving the company’s weight-loss drug Qnexa. The panel’s decision is non-binding, but it is highly likely that the FDA will follow … Read More
February 22nd Gameplan Review
SMB Capital Stocks In Play Call Review. Each morning before the market opens we discuss the stocks that we believe will offer the best risk/reward trading opportunities intraday. Today’s review featured GRMN, MOS, NFX, MGM, DELL, INTU. February 22nd gameplan Steven Spencer is the co-founder of SMB Capital and SMB Training and has traded professionally for over 15 years. No … Read More
Bears Don’t Exist, Think Like a Bull
This is a guest post from Fred Barnes aka @DCDaytrader: I recently had a conversation with a few somewhat novice traders. For us traders who don’t have the 2007-2008 market experience on our resumes, we’re looking at the recent market activity in awe. Watching the quote screen (of the $ES_F) in August (2011) required the skills of a speed reader. … Read More
You are only as good as the stocks you trade
You are only as good as the stocks you trade. Let me repeat this. You are only as good as the stocks you trade! This is a major point of emphasis on our desk. It is taught to trainees during their first week of training. And stressed on a regular basis to all traders at SMB. It is the reason … Read More