Archive for December 2012

Trading Lesson: $HLF

Dec 26th, 2012 | By | Category: General Comments, Steven Spencer (Steve's) Blogs, Trading Lesson
In this video Steve offers two trading tips on how to improve your results. 1) The importance of being present throughout the trading day 2) Using tape reading to add to a position in a very low risk way Steven Spencer is the co-founder of SMB Capital and SMB University and has traded professionally for 16 years. His email is [email protected] No relevant positions Learn how to read the order flow Read more [...]

Forex Trading Realities: The Ebook

Dec 23rd, 2012 | By | Category: General Comments
I wrote a 38 page ebook titled, “Forex Trading Realities” and wanted to take a moment to let you know what it is about and why I wrote it. The retail forex business in which we are a part of is infamous for misleading information, misguided analysis and trade stimulating ideas offered by brokers, marketers and others trying to profit from the new trader. I wrote this ebook to share my experience and offer some honest guidance to help the newer trader figure out if this business worth pursuing or not. My ebook is not about strategies or how to make money in the forex market.  Instead I cover all the topics and details Read more [...]

AMZN Trade Prep From December 18th

Dec 19th, 2012 | By | Category: General Comments, Steven Spencer (Steve's) Blogs
Here is a snippet from December 18th 2012 AM Meeting where Steve Spencer discusses his thought process in AMZN. SMB has never believed in the idea of a "stock picking" service. Professional traders become profitable through building a variety of skills over a long period of time. However, listening to the thought process of a seasoned professional with 17 years of trading experience can be of great value to your development as a trader. At the end of each week Steve creates his popular "trade review" videos and you are welcome to request which ideas you want covered via Stocktwits or Twitter. Steven Spencer is the co-founder Read more [...]

Free Webinar with Steve Spencer – Short Term Trading in 2013

Dec 17th, 2012 | By | Category: Events, Steven Spencer (Steve's) Blogs, Trading Lesson
Please join Steve Spencer on his last free webinar of the year 2012 on Wednesday, December 19th at 4:30 pm ET. Steve will be discussing Short Term Trading in 2013. Some of the topics he will be discussing are: The new normal Beating the Machines Which plays make the most sense based on 2012 price action The skills necessary to be a top performer in the next several years Click here to register Attendance is capped at 500. So make sure you register early. Q&A to follow the presentation. Read more [...]

A Stock May Trade Higher When New Competition Enters Their Market

Dec 16th, 2012 | By | Category: General Comments, Steven Spencer (Steve's) Blogs
On December 12th CSTR announced they would be starting a streaming service in competition with NFLX. My initial reaction was a smile and a bit of a chuckle. CSTR has been doing very well for the past few years offering $1 DVDs at supermarkets. A simple business model that was leading to good cash flow. Now it was going to enter the much more complicated space of delivering content via broadband technology. A space that NFLX has been game planning for years and completely dominates (just ask AAPL AMZN and BBE). A space that many people think will eventually even crush NFLX, because the cost of licensing good content will be to high Read more [...]

Guest Post: “Reversal Rehearsal” $DG

Dec 16th, 2012 | By | Category: General Comments, Trading Lesson, Trading Theory
This guest post from experienced futures trader Bruss Bowman provides an excellent example of how to incorporate higher time frame price action into a possible lower time frame trade. It is clear from the post that Bruss in a methodical thinker who is also flexible in his thesis if price behavior fails to confirm. Reversal Rehearsal: Stock Study in DG DG provides an excellent price reversal $Study from 12/11/2012 to 12/12/2012.  This price pattern occurs frequently across asset classes and time-frames.  This strategy and subsequent setups provide a high probability trading environment worthy of study. After Tuesday 12/11/2012 Read more [...]

Forex: Are Futures better than Spot?

Dec 16th, 2012 | By | Category: General Comments
These days traders have so many choices in terms of what instrument they want to use to express their opinion in the markets.  There are mini futures, cfds,spot, ETFs, and regular futures contracts not to mention traditional stocks and bonds. So spread capital amongst all these products and combine that with a general lack of trust from the general public and it’s no wonder why we get such indecisive convictionless markets these days.  When it comes to forex trading, people are faced with two particular choices: spot or futures? Before a newer trader can effectively choose such a product, it is very important to know the Read more [...]

“Reversal Rehearsal” Guest Post

Dec 13th, 2012 | By | Category: Guest Blog, Steven Spencer (Steve's) Blogs, Technical Plays
Thanks for all the submissions regarding the DG reversal trade that occurred on December 12th. This post was written by a college student who participated in one of the SMB College Training Programs last Summer. Although the post is short and to the point I think Tim captures some of the key elements we look for in a low risk reversal trade. Tomorrow we will see a post written from a far more experienced trader. DG Reversal Rehearsal By Tim Palmer DG has been in play and offered many tradable setups during the last two days both on the long and the short side. In addition offering some excellent risk reward opportunities Read more [...]