Don’t Trap Yourself into Trading Failure

Most traders fail at trading because they are unrealistic about the amount of time it will take to get good and the returns they will earn once they do. That creates a condition where the trader makes a series of mistakes that we cover in this video. We discuss how to avoid those mistakes and start your trading career with realistic expectations.

You cannot do this and be a successful trader

Last Friday as I was walking off our trading floor, a beaming SMBU student yelped at me, “Bella I could hug you after today.”  He was very pleased with the progress he had made as a trader. Fast forward to today and that same trader caught me hitting the elevator for my walk home.  I asked him how trading went … Read More

Some questions from a European trader learning US markets

One of our SMBU students visited our desk in NYC from Sweden today. Merritt, from SMBU Trading Conversations on Friday 1:30PM EST, joined us for lunch, as did this trader’s dad. This European trader is a graduate of SMB DNA and The Winning Trader and working on his game, after work hours from Europe. There were two issues that arose … Read More

How Goldman Sachs & JPM Morgan Created A Good Short Opportunity in $SRPT

Our #1 trading idea for Friday was SRPT. It sold $300 million of shares in a secondary offering via Goldman Sachs and JP Morgan. Normally, biotech secondaries are excellent long set ups. The prior week I had been long AERI following its secondary offering and it traded 30%+ higher in a few days. But this time was different. I discussed why SRPT was likely a good short … Read More

Trade Review–Shorting A Stock After Earnings $RHT

In this video I walk you through my thought process in developing a plan to short Red Hat following its earnings report. Each morning we develop trading plans for Stocks In Play. For more info sign up for a free trial which includes all of our trading tools and live position updates. Steven Spencer is the co-founder of SMB Capital … Read More

Why I didn’t trade today

I didn’t trade this morning.  I had ever intention to do so when I left the office last night.  I like the opportunity in FB TWTR SRPT SPY IWM for today’s trading session.  So this was not a decision of a lack of trading opportunity.  I, personally, was not in an optimal state to trade.  And therefor, I benched myself. … Read More