Every morning I create a written game plan with 8-10 stocks that I believe will offer the best risk/reward trading setups. The game plan is divided into two categories: Fresh News/In Play Stocks and Second Day/Technical Plays. As I was creating today’s game plan I began to feel a small level of anxiety as I wondered how to hone in on … Read More
Maximizing Profits in Apple Trades
Friday presented an excellent risk/reward long setup in Apple. It had been sold aggressively for three straight days after having reported another record breaking quarter. The magnitude of the sell off was similar in size to what we saw in late February but the speed with which it occurred was far more dramatic. Thursday’s low about $11.50 from the after hours and … Read More
Sexy Cool Trading
In this video I discuss: The first question I ask traders who we interview for the desk Why certain stocks and setups are not suitable for novice traders How to use longer term levels to define risk for a setup Steven Spencer is the co-founder of SMB Capital and SMB University which provides trading education in stocks, options, forex and … Read More
The Three-Step Process For a Trader or Investor
**This is the third in a series of posts from Bruce Bower related to “Peak Performance” the topic of his new book that SMB U will be releasing April 20th** By Bruce Bower When investing or trading, we obviously all want to be a success. We get in to the markets because we want to make money, to have a good retirement, and … 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
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
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