My morning game plan has helped me navigate some tricky situations over the years. Some days my energy isn’t great due to a poor night’s sleep or maybe I’m just a bit under the weather. Having a clear repeatable methodology each morning allows me to be a bit off but still pull some money out of the market (or avoid larger losses). … Read More
Only A Few Make It In This Game
Trading is no different than any performance related field. Many try to make it but few succeed. The other day I wrote a blog Post titled “A Dramatic Shift In Price Action”. It dealt with the stock EYES and a very distinctive change that could be identified on its longer term chart. Today, I received the following question on Stocktwits from … Read More
A Dramatic Shift In Price Action
A large part of traders’ decision making is based on processing information visually. A few days ago I posted “Open Your Eyes” which shared a daily chart for the ticker $EYES. I asked for feedback from our community on which part of the chart was most significant. Check the comments section of the post for some good sharing. When I … Read More
Game Plan Review–$FSLR $SPWR $AAPL $MU $TOL $HD
Each Tuesday after the market close I spend some time reviewing trades from our pre-market game plan. The game plan is shared every morning with traders on our desk and SMB Trader 90 members. One of our 7 trading fundamentals is “proper preparation”, which means having a process for selecting stocks to trade each day. Our AM Meeting is one way we help young … Read More
The Essence of Short Term Trading
I have been spending time since this morning reviewing trades going back to the beginning of the year. In this video I outline several factors that short term traders use on a daily basis to accurately predict short term price movement. In recent months I have begun to use “scripts” to take advantage of these predictions. In the near future I … Read More
Trading Lesson–How To Identify A Long Term Bottom
In a bull market there are many stocks that drop 10, 20, 30% or more prior to resuming a strong up trend. An important skill is being able to identify likely turning points in market leading stocks. By doing so you can greatly increase the risk/reward for long entries on your intra-day and swing long positions. _________________ Steven Spencer is the … Read More
The Unexpected Happens–Now What?
This video helps you make a trade decision when you do not feel comfortable in a trade. You will learn that you make most of your money in your best setups. Generally you will not make big money when trades are not moving as you expected. This video offers a plan for those trades that are not working as you … Read More
Trading Shouldn’t Be A Flip of the Coin
Each day I host the SMB AM Meeting. The purpose of the meeting is to make sure that our desk has a game plan to attack the best stocks and setups. Yesterday we looked at Apple, Boeing, Alibaba, and American Airlines. In this video I break down some of the techniques we use to identify the best risk/reward setups. Pay … Read More