In this video I walk you through the process of developing a trading thesis and how to identify when you are wrong. 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 19 years. His email address is: [email protected]. Steven Spencer is currently long … Read More
Ten Articles For Sunday
Bezos on Two Types of Decisions The Lies We Tell Are More Convincing When We Have To Pee Very Cool Earbuds That Could Change Your Perspective on Living In A City A Syrian Refugee Discusses Dealing With ISIS and Assad The Metrocard Is Going Away Thankfully for Hillary And The Rest of Us Sun Edison’s Implosion Could Impact Solar Projects … Read More
A Long Trade in Oil
In this video I discuss a recent swing trade in oil. One thing I should have mentioned in the video is that if you want to intra-day trade oil futures is the way to go. Because of the global nature of this commodity many of its cleanest moves happen outside of US stock trading hours. Steven Spencer is the co-founder of … Read More
Trading A Momentum Reversal–TSLA
This past week many traders sought to profit from a short trade in TSLA. Eventually it reversed dropping almost 10% in two days. But it wasn’t an easy or simple trade by any stretch. My thoughts on one way to make this trade easier… Steven Spencer is the co-founder of SMB Capital and SMB University which provides trading education in … Read More
How Short Term Traders Use Catalysts
In this video I discuss how price action following a significant piece of news helps to determine a trading bias. 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 19 years. His email address is: [email protected]. No relevant positions
Trade Review: Buying SPY & IWM pull backs
Thursday March 10th was a day many traders had circled on their calendars. Often the greatest short term trading opportunities will occur on days where major economic news is announced. The monthly jobs number, quarterly GDP, FED rate decisions and ECB monetary policy fall into this category. Thursday the ECB was set to announce what steps it was planning to … Read More
Trade Review–JCP WTW SUNE SPLK BBY
Every day we hold a pre-market meeting where we discuss the best risk to reward trading setups for the day. The trades fall into 3 categories: Stocks with a fresh news catalyst, “Second Day Plays” that had a catalyst the prior day, and finally “technical setups”. I’ve marked up some charts for five trades I made. 4/5 had a fresh … Read More
Thoughts On Trading Tired
It has been a grueling two weeks. Peak earnings season. Peak bear market. Here are some thoughts on things you can do if felling run down… Steven Spencer is the co-founder of SMB Capital and SMB University which provides trading education in stocks, and options. He has traded professionally for 19 years. His email address is: [email protected]. No relevant … Read More