Archive for September 2016

Don’t Trap Yourself into Trading Failure

Sep 29th, 2016 | By | Category: Free Daily Trading Video
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. Read more [...]


[Recording] SMBU’s Options Tribe Webinar: SMB Capital Options Desk Trader John Locke: Super Simple Spreads

Sep 29th, 2016 | By | Category: John Locke, Options Education, Seth Freudberg's Blogs
This week, John Locke returned to the Options Tribe to talk about his popular Super Simple Spreads strategy Read more [...]


You cannot do this and be a successful trader

Sep 27th, 2016 | By | Category: General Comments
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 for him today. He said, "Bella as good as I did last Friday, I did as poorly today.  I just did not have the discipline to enter my trades at the price that I wanted." I am going to write something now, for which you must follow no matter what product or time frame you trade. You cannot become a successful Read more [...]


SMBU’s Options Tribe Webinar: Options Tribe Contest Leaders To Present Their Trading Strategies

Sep 27th, 2016 | By | Category: Options Education, Seth Freudberg's Blogs
This week, Jaroslav Vaclavik, Dave Heinzen and Alan Wood, all leaders in our Options Tribe Trading Contest will be providing us an overview of their personal trading styles which have resulted in their spots on the leaderboard of our trading contest. Read more [...]


Some questions from a European trader learning US markets

Sep 26th, 2016 | By | Category: General Comments
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 during lunch that merit discussion: 1) What trades do I take with a limited ability to watch markets? 2) How do I settle on the best stocks to trade during Earnings Season? What trades do I take with a limited ability to watch markets? For this trader I like: a) Changing Fundamentals Read more [...]


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

Sep 24th, 2016 | By | Category: General Comments, Steven Spencer (Steve's) Blogs, Trading Ideas, Trading Lesson
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 trade candidate. Why was this time different? Watch our AM Meeting below. Free Trial info HERE. Below how SRPT traded Friday after the market opened... Steven Spencer is the co-founder of SMB Capital and SMB University which provides Read more [...]


Trade Review–Shorting A Stock After Earnings $RHT

Sep 23rd, 2016 | By | Category: General Comments, Steven Spencer (Steve's) Blogs, Trading Ideas, Trading Lesson
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 and SMB University which provides trading education in stocks, options, forex and futures. He has traded professionally for 20 years. His email address is: [email protected] Steven Spencer is currently short RHT Read more [...]


Why I didn’t trade today

Sep 23rd, 2016 | By | Category: General Comments
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. First, for those of you who have children, you might empathize with this next anecdote.  Three times last night, while in a dead sleep, my son approached my bed, leaned directly into my right ear and said, "DAD.........".  There were different iterations of what followed after DAD!, but each awoke me Read more [...]