All entries by this author

Trade Review: Long Gold

Nov 27th, 2016 | By | Category: General Comments
In this video I share my thought process on why I opened a GLD long trade. If you are interested in watching and learning about these trades in real time check out a Trader90 trial which includes all of our trading tools.   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] Steve Spencer is long GLD Read more [...]


Understanding Market Turning Points

Oct 14th, 2016 | By | Category: Steven Spencer (Steve's) Blogs, Trading Lesson
Short term traders make thousands of trades each year. But not every trade is of equal importance to our bottom line. We develop a trading plan for every trade regardless of how large or small the opportunity, but with experience we begin to identify the trades that offer the greatest upside and the best risk/reward. I have found in my 20+ years of trading that identifying potential turning points in the market can make a dramatic difference in your trading results each year. On these days the risk/reward is magnified for making broader market trades, and many individual names will establish important short term tops/bottoms Read more [...]


Fading An Earnings Gap–Darden Restaurants

Oct 12th, 2016 | By | Category: General Comments
In this video I discuss my thought process for shorting DRI after they released their earnings report. This follows a video from a few weeks ago in which I shorted RHT. Understanding the catalysts where an earnings gap is likely to fail can help you increase your win %. Add these to your playbook if they make sense to you. 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] No relevant position Our Fall Mentoring Program Begins Next Week Read more [...]


When A Stock Is Crushed

Oct 8th, 2016 | By | Category: General Comments, Steven Spencer (Steve's) Blogs, Trading Lesson
When a negative catalyst causes a stock to gap lower 20% or more it attracts a lot of attention. Should we look for a bounce? Should we stay short and look for more downside? Here are some things to consider 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] 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 [...]


How To Identify A Long Term Bottom–Twitter

Aug 26th, 2016 | By | Category: Steven Spencer (Steve's) Blogs, Trading Lesson
In this video I discuss the process by which Twitter formed a long term bottom in 2016. This lesson has broad applicability for traders/investors attempting to catch larger moves (30%+) in the stock market. 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 long TWTR Read more [...]


A Macro Trade That Is Working

Aug 18th, 2016 | By | Category: Steven Spencer (Steve's) Blogs
Rarely if ever do I develop a trading thesis that involves macro analysis and a time horizon greater than a few months. But through conversations with pro traders with experience in the energy sector and reading a few excellent analyses on the oil sector I came to view oil as a great risk/reward long trade from the high $30s up to $60/bl. This video updates my current thoughts. I will continue to tweet updates and create new videos as the trade progresses through the rest of 2016. Enjoy!   Steven Spencer is the co-founder of SMB Capital and SMB University which provides trading education in stocks, Read more [...]


Is Citron Research Committing Securities Fraud?

Aug 14th, 2016 | By | Category: General Comments, Steven Spencer (Steve's) Blogs
The Citron Research website has been around for a number of years. It first came to my attention roughly five years ago when I was approached with an idea to make short trades based on their blog posts. That idea never panned out as the stocks they wrote about weren't very liquid, and therefore the risk/reward didn't make sense to me. Fast forward to 2015 and they were writing about short opportunities in large cap stocks. Citron and several others became very vocal about shorting Valeant Pharmaceuticals, a company that was a popular long position among larger hedge funds, and Bill Ackman in particular. Andrew Left, the owner/founder Read more [...]