I have a question, but here is the background. I have a VERY small trading account as a trader for a Prop firm. It is an account with $16,000 in buying power and a 40-share max with a $25 loss limit (I’m in my firm’s 18 month trading program and started with a $2,000 account and account grows as your … Read More
Consider This Before Making a Trade
Good day Mike, How is work and family. Please, I need you to clarify a few things for me. I want to know the role the following indicators play in selecting stocks for day trading. 1. Beta: what value will you use in determining stocks to play(buy/sell or stay away from) 2. ATR 3. ADV 4. Relative Volume:How to determine it … 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
This is How You Trade COH
I received this question from a foreign college student who took our college training program during the summer. It is a wonderful program for passionate college traders interested in trading pro. Let’s check out his question and my answer below. I would be happy to answer any questions in the comments section or at [email protected]. Trade well! Today I had … Read More
How Do You Distinguish a Good Trade From a Loser?
Hi Bella, I just read your recent post talking about the “All-In” trade on the SMB blog. Although my trading experience is limited (less than 3 years), I have on occasion seen these types of SEE IT trades. The most recent example was this past Friday in $LIFE. I know Steve kept the community in the loop that day & … Read More
$LULU Trade Preparation
In this video prior to the market open on December 6th Steve discusses how to approach trading LULU following its earnings release: LULU is described as “Amazon Junior” by Steve because it has a tendency to be bought on earnings gaps and show great strength after an initial gap down LULU is a tough intra-day short when moving higher following … Read More
My Worst Trade
Recently I was going through my trading notes and I happened to come across a trade that I documented a while back. And after looking it over, I realized it can serve as a good lesson to present to newer traders who may not realize that they are also making this costly mistake. Somewhere in our learning curve, we have … Read More
IF I Develop a Trading Plan THEN My Results Will Improve: EXPE (10.26.12)
I tweeted this week that trading is about having a series of if/then statements and not about making predictions. In practical terms this means that traders are game planning for every stock on their watch list. They are making decisions on how to trade each name based on price action, market conditions and news catalysts. For every stock I look … Read More