A Long Trade in Oil

sspencerSteven Spencer (Steve's) Blogs, Trading Lesson

In this video I discuss a recent swing trade in oil. One thing I should have mentioned in the video is that if you want to intra-day trade oil futures is the way to go. Because of the global nature of this commodity many of its cleanest moves happen outside of US stock trading hours. Steven Spencer is the co-founder of … Read More

Trading A Momentum Reversal–TSLA

sspencerSteven Spencer (Steve's) Blogs, Trading Lesson

This past week many traders sought to profit from a short trade in TSLA. Eventually it reversed dropping almost 10% in two days. But it wasn’t an easy or simple trade by any stretch. My thoughts on one way to make this trade easier… Steven Spencer is the co-founder of SMB Capital and SMB University which provides trading education in … Read More

Trade Review–JCP WTW SUNE SPLK BBY

sspencerSteven Spencer (Steve's) Blogs, Trading Lesson

Every day we hold a pre-market meeting where we discuss the best risk to reward trading setups for the day. The trades fall into 3 categories: Stocks with a fresh news catalyst, “Second Day Plays” that had a catalyst the prior day, and finally “technical setups”. I’ve marked up some charts for five trades I made. 4/5 had a fresh … Read More