A great way to improve your trading results is by keeping up to date with the latest trading techniques and current market conditions! Enjoy the Video! Join me for my free group mentoring session Thursday 10/16/14 at 5:30 PM EDT No relevant positions Risk disclaimer
Trading Lessons from a Pick Pocket
I had the pleasure of meeting Apollo Robbins last week in Boston. For those of you who don’t know him he is the deception specialist on the TV show “Brain Games” and heralded as the world’s greatest pick pocket. Not only can he steal your wallet and keys but he can literally remove your neck tie and take the glasses … Read More
The Risk of Shorting a “Low Float” Stock– $DGLY
While I was in Nantucket on vacation DGLY popped from $4 to $8. I began to talk to our traders about further upside and the inherent risks associated with shorting a “low float” stock. This video expands a bit on my thought process. Enjoy! Steven Spencer is the co-founder of SMB Capital and SMB University which provides trading education in … Read More
Shorting DGLY Can Get FGLY!
Here is a short clip from our pre-market meeting on August 25th (filmed at my dining room table in Nantucket;). We take a look at DGLY which was gapping above $9 in the pre-market. I offered some thoughts on how many traders focus on capturing the pull back from $8 to $7 and often miss the larger opportunity to the upside that … Read More
Trading Lesson–How To Trade When The Market Is “In Play”
Short term traders can greatly increase their risk/reward and win rate by making sure that they are in the most “In Play” names each day. Occasionally, the market itself becomes “In Play” following a major technical break and I will trade it via index ETFs. Friday morning I shared a price on StockTwits I wanted to get long the market … Read More
Trading Education: Mastering Gap Trading Methodology
On June 4th we posted a pre-market video in which I discussed a potential “gap fill” trade in TIBX. When a stock gaps outside of the prior day’s range you have three options. Play it for a continuation in the direction of the gap, play it to fill some or all of the gap, or simply take a pass on trading it. I have … Read More
Shorting The SPY (And Living To Write About It)
I initiated a pre-market short in the SPY on Thursday June 5th at 193.50. I added to the position as it popped to 194 following the ECB announcement of some monetary stimulus. It was the first time I had shorted the SPY in about six weeks. The risk on the trade was about 40 cents from my average entry and … Read More
Becoming a Confident Trader: It’s Not What You Think
As a trading psychology coach, one of the more common questions that come up is “How can I be a more confident trader?” This is an extremely important subject because having the correct confidence level is essential to being a good trader. Lack of confidence creates stress and poor trading decisions which lead to unneeded losses. Let’s take a look … Read More