In this video I explain why 37 was a good risk/reward short trade in RAX today. The conversation took place during our AM Meeting in which I prepare our traders and subscribers to trade the Open.

Steven Spencer is the co-founder of SMB Capital and SMB University which provides trading education in stocks, and options. He has traded professionally for 17 years. His email address is: [email protected].

Steven Spencer is currently long RAX, ADBE, BLOX, CROX, SBUX, SWKS, WFM, YHOO