This is one of the most common questions educators have to address when offering programs to help newer traders improve. It is also one of the most difficult questions to answer. Usually the answer you get is, “Well, it’s different for everybody. That is a nice and easy way out. You can actually answer this questions yourself by examining three important … Read More
What Does “Results Oriented” Mean To You?
In the forex world, there are many educators. Some are very well known, well funded, offer nice presentations and charge a lot of money for training. Then there are the lesser known, maybe less produced traders who offer their wisdom, tools and techniques for much lower prices. Then of course like in any other business you have outright marketers who … Read More
What is Your Advice for Trading Success?
Bonjour! During some down time in Paris I met with an FX trader and later a broker who wanted to be a trader. Both spoke English but admittedly not as well as they would have liked. At times it was difficult to communicate. When we got really stuck I just wrote down my major points in English and let them … Read More
How do I re-enter after a winning trade?
Hey Mike, How are you doing? How is the progress of your new book (‘One good playbook?’)? Haha. I am looking forward to read it already. I am currently ‘live’ for about a month now, and my results are inconsistent thus far. I have some questions for you. I realised i have a problem when doing a trend play, and i … Read More
Proper position sizing for your trading
Bella, I want to start off by thanking you for all of the material you present through your blog and your book. I look forward to your next book, I already have it pre-ordered on Amazon. I feel like I get more educational material from the SMB Blog than I get from my own prop firm in Chicago. I started … Read More
Where and How to Buy KBH
So KBH outperformed the market yesterday. There were many tweets on @stocktwits asking where and how to buy. This chart below gives you an entry to consider. It was produced by an SMB Trader and sent to his desk with the simple message: ” add this picture to your playbook. memorize this pattern. KBH @ 14.28.” We call this a … Read More
Do not miss 2nd Day Plays
During a midday Tradecast I said, “You do not want to miss 2nd Day Plays.” These are the easiest set ups for new traders. Essentially a 2nd Day Trade uses the most important prices from Day 1 of when a stock was In Play. So if a stock reported, what were the most important prices from that Day 1? The … Read More
Spencer Trade Review—$JCP $MNST $FIO
Steve Spencer reviews trading opportunities in JCP, MSNT and FIO from August 11th 2012 Steve Spencer * No Relevant Positions