Archive for September 2012

Spencer Trade Review–$TSLA

Sep 29th, 2012 | By | Category: General Comments

Steve discusses a few trades in $TSLA from September 28th and contrasts with how a newb trader handled the same setup.

Steve Spencer

*no relevant positions



Create Your Forex Watch List And More With Raghee Horner

Sep 29th, 2012 | By | Category: General Comments
On Wednesday 10/3 at 4:30PM ET Raghee Horner, Chief Currency Analyst at IBFX and 15 year veteran will be sharing how she finds currency pairs worth watching for the trading day. This is what she refers to as her Forex Watch List. In addition, Ms. Horner is going to show us what tools she uses to confirm trends. This is a must attend webinar for those new to forex trading or those who are looking to learn more. Ms. Horner's techniques are practical and can help you build your foundation of knowledge. Attendees who ask questions get a free trial of our online forex trading room. Register Marc Principato, CMT risk-disclaimer SMB Read more [...]


Free Webinar Today at 5pm EDT : Russell Rhoads discusses the new S and P 500 Range Options.

Sep 25th, 2012 | By | Category: General Comments, Options Education, Seth Freudberg's Blogs
SMB’s Options Tribe is an online community of options traders dedicated to sharing successful options trading ideas with all of our members worldwide. Each week the community will meet online for the primary purpose of watching live presentations made by veteran options traders and experts in the world of options trading.Today, Russell Rhoads of the CBOE will be returning to the Options Tribe to discuss a new options product that has been attracting a lot of attention in options trading circles—The S and P 500 Range Options. Register for this FREE Webinar: Here Seth Freudberg Director, SMB Options Training Program The Read more [...]


Capital Markets and Unintended Consequences

Sep 24th, 2012 | By | Category: General Comments
Marc Cuban wrote a blog post a few days ago offering some suggestions for restructuring US equity markets. For those of you who are unfamiliar with Cuban he is a successful internet entrepreneur and owner of the Dallas Mavericks. The premise of Cuban's blog was that over the years "Wall Street" has lost its way and has devolved into a bunch of computers that do nothing in the service of "Wall Street's" original purpose. The "original purpose" according to Cuban is assisting private companies in the raising of capital. Cuban uses “Wall Street” as a synonym for secondary capital markets which is a bit confusing. Generally, Read more [...]


High Beta, High Probability

Sep 24th, 2012 | By | Category: Steven Spencer (Steve's) Blogs, Trading Ideas
It is my belief that for a short term trader to reach the upper echelon of their profession they have to have an extensive playbook. As we train and watch new traders develop we have found that those who become profitable master one or two of their best setups. The few that go on to further success become very good at a multitude of setups. By having more arrows for their quiver they are able to increase their odds of being profitable on a daily basis. One of the areas that a young trader can develop is their playbook for "high beta". High beta are the stocks that catch the headlines on Bloomberg and CNBC. They are the stocks Read more [...]


What’s Your Number?

Sep 23rd, 2012 | By | Category: Bruce Bower, General Comments, Guest Blog, Trading Psychology
If you hang around long enough in the investing or banking communities of New York or London, you’ll soon hear the infamous question: “What’s your number?”. The first time, you answer by rattling off your phone number; then you realize that the question has nothing to do with speaking on the phone. “Your number” is usually the number at which you have made enough money that you can safely retire and/or leave the business. Once you’ve reached “your number”, you have enough money for a place to live while earning a passive income that covers your expenses and funds a good lifestyle. At first glance, it would Read more [...]


Where and How to Buy KBH

Sep 22nd, 2012 | By | Category: Mike Bellafiore's (Bella's) Blogs
So KBH outperformed the market yesterday.  There were many tweets on @stocktwits asking where and how to buy.  This chart below gives you an entry to consider.  It was produced by an SMB Trader and sent to his desk with the simple message: " add this picture to your playbook. memorize this pattern. KBH @ 14.28."  We call this a momentum inflection point.  HT to PTO from @smbcapital. Bella One Good Trade no relevant positions Read more [...]


What is Your Motivation to Be a Trader?

Sep 20th, 2012 | By | Category: General Comments
There are different styles of trading for different people. One of the keys to have success in trading is to find out what it signifies for you on a personal level and what you want to obtain of the future and economic benefits. To have a satisfactory and well rounded career, it is necessary to have an incentive that goes beyond just financial reasons. By being driven solely on money, you will never make the necessary effort to become successful. In addition, your specific interests in the markets should reflect what is important to you. For all traders, there is something about the market that draws them to it It’s Read more [...]


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2. The seminars given by SMB TRAINING are for educational purposes only. This information neither is, nor should be construed, as an offer, or a solicitation of an offer, to buy or sell securities. You shall be fully responsible for any investment decision you make, and such decisions will be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance, and liquidity needs.

3. This material is being provided to you for educational purposes only. No information presented constitutes a recommendation by SMB TRAINING or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy. The content neither is, nor should be construed as, an offer, or a solicitation of an offer, to buy, sell, or hold any securities. You are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs.

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5. No relevant positions

6. Please note: Hypothetical computer simulated performance results are believed to be accurately presented. However, they are not guaranteed as to accuracy or completeness and are subject to change without any notice. Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Since, also, the trades have not actually been executed; the results may have been under or over compensated for the impact, if any, of certain market factors such as liquidity, slippage and commissions. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any portfolio will, or is likely to achieve profits or losses similar to those shown. All investments and trades carry risks.

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