Mike, I’m reading your book – One Good Trade – for the second time. In Chapter 3 you describe how your firm selects candidates and how much this process is inadequite. Why don’t you just let people papertrade (remotely from home) with your platform and see who does best? I understand your concern trying to select person with the best … Read More
SMB AM Meeting Recap: $TWTR
In this short video, Steve discusses a stock from this morning’s AM Meeting. Every morning he reviews the market and analyzes the stocks that are in play and likely to have second-day moves. Steve discusses the potential trading setups in $TWTR. Steven Spencer is the co-founder of SMB Capital and SMB University which provides trading education in stocks, options, forex and … Read More
Options Trading for Income with John Locke for April 28, 2014
No relevant positions Risk disclaimer
SMB AM Meeting Recap: $NFLX on April 28, 2014
In this short video, Steve discusses a stock from this morning’s AM Meeting. Every morning he reviews the market and analyzes the stocks that are in play and likely to have second-day moves. Steve discusses the potential trading setups in $NFLX. Steven Spencer is the co-founder of SMB Capital and SMB University which provides trading education in stocks, options, forex and … Read More
Its Ok to Change Your Mind–Pandora
Pandora released their earnings after the market closed Thursday. If the numbers were OK I was looking to purchase at 26 or lower. I broadcasted live on SMB Real Time as I bought shares between 25-26. It eventually bounced to 27.50 where I sold most of the shares. The next morning I was going to repeat what I had … Read More
Your Beliefs Are Your Reality, Choose Them Wisely
I was answering some questions at a trading seminar a while back and a trader stood up and said, “It’s impossible to average more than 12% per year on a portfolio”. I said “OK” and went on to the next person. After all it wasn’t a question so what else was I to say. Apparently, I missed something because he … Read More
Enhancing Trader Performance by Learning from the Lessons of Failure
*****David Blair, The Crosshairs Trader, is a blogger/trader/educator who does a wonderful job of sharing research on elite performance and how it relates to trading. Below is his latest post for the SMB trading community.***** — Editor’s Note Like many of you I am a technical trader. I look for a particular set of parameters that meet my definition of … Read More
Lessons from my Adventures as a Nanny Trader
I came home last Tuesday to the news that my wife had dismissed our nanny. I was not aware this was about to happen. There was no replacement, save her and me for at least two weeks. Oh. A scheduled short vacation to our family condo in Clearwater Beach consumed some of these two weeks. And then came this … Read More