Eight Weeks To More Mindful Trading

bruce.bowerBruce Bower, General Comments, Health and Trading, Trader Development, Trading Ideas, Trading Lesson, Trading PsychologyLeave a Comment

The topic of mindfulness has exploded in popularity in the broader public. Meditation and meditative activities like yoga are seemingly everywhere, building on the runaway success of books like Eckhart Tolle’s The Power of Now. This whole interest in mindfulness has only just started to filter through into the world of investing and trading, where I think that it can … Read More

Open Your EYES!

sspencerSteven Spencer (Steve's) Blogs8 Comments

Take a look at this daily chart for EYES. In the past three months one day in particular stands out. Something that is “not like the others” from a price and volume perspective. What does that day signal? What sort of price action would you look for following a day like that? What trading setups and time frames would you … Read More

This Price Action Often Leads To A Sharp Down Move

sspencerGeneral CommentsLeave a Comment

In today’s AM Meeting I highlighted a short setup in Apple. It was based on the prior day’s price action. This pattern not only applies to AAPL but to the market more broadly and is important to learn. When the price action on the Open confirmed my short thesis I entered an automated script to get short between 131.30-131.50. Downside … Read More

Game Plan Review–$FSLR $SPWR $AAPL $MU $TOL $HD

sspencerSMB on TV, Steven Spencer (Steve's) Blogs, Trading LessonLeave a Comment

Each Tuesday after the market close I spend some time reviewing trades from our pre-market game plan. The game plan is shared every morning with traders on our desk and SMB Trader 90 members. One of our 7 trading fundamentals is “proper preparation”, which means having a process for selecting stocks to trade each day. Our AM Meeting is one way we help young … Read More

Trading a Special Dividend

smbcapitalFree Daily Trading VideoLeave a Comment

A special dividend can be a high probability trading setup. $COST paid out a one time dividend of $5.00. The stock was bid up ahead of the record date and sold off the day after. In this video, Steve discusses how you can capture this trade. *no relevant positions