General Comments

7 ideas for improving your trading consistency

Apr 22nd, 2017 | By | Category: General Comments
I was recently a guest lecturer at Stony Brook University sharing my knowledge of trading and trader development with interested students.  At the end of my lecture, a student approached and asked, "How can I improve my trading consistency?" We have polled our trading community for the top trading issues they would like to solve, and trading consistency consistently makes the list. Many have some success in trading, trades where they really get it.  Trades where they really have edge.  And then they also have periods of frustration and losses.  If they could just keep the good trades and rid the bad ones. At the Read more [...]


5 ways our top traders are working to improve

Apr 21st, 2017 | By | Category: General Comments
  I was on the West Coast last month to present to the Scottsdale (Phoenix) Traders and Investors Meetup Group.  After my presentation, an astute and succeeding retail trader approached and asked, "What do your top traders do to improve?" At SMB, our top traders have been homegrown.  We hired them.  Trained them from scratch.  Provided capital, technology, coaching and mentoring to grow.  The best have become seven-figure traders.  Many more have become high performing traders.  Still even more have become consistently profitable traders. What are our top traders doing to improve? Let me be clear they Read more [...]


How To Trade Large Gaps

Apr 15th, 2017 | By | Category: General Comments, Steven Spencer (Steve's) Blogs, Trading Lesson
In the following video I explain the process I use to develop initial bias and price targets in stocks that are gapping higher in the pre-market based on a catalyst. Also, below links to our live AM Meeting where I discussed each stock as our #1 In Play trading idea. The AM Meeting videos can give you a sense of how we prepare each morning before the market Open. April 12th AM Meeting discussion of NBIX begins 3:15. April 13th AM Meeting discussion of AAEO begins 4:43. No relevant positions Read more [...]


Bring a consistent you to markets to improve your trading

Mar 17th, 2017 | By | Category: General Comments
Trader wants to improve his trading consistency.   (Please assume Trader has some edge in markets.) Trader might double down on their efforts to perform better during market hours.  If I just focus better.  If I just take only A+ trades.  If I just wait for my trades more patiently.  If I just use this indicator.  If I just size up in my best trades.   If I just stop making those trades.  If I just give my trades more room.  And on and on and on....... What if the progress is not in the effort during market hours? We know markets are always changing.  We know that each trade is not quite the same.  This Read more [...]


This retail trader just crossed 100k in trading profits

Mar 13th, 2017 | By | Category: General Comments
Last month on Twitter, I spotted this tweet and impressive equity curve from a developing retail trader: As the managing partner of a proprietary trading firm in NYC, I study traders succeeding.  This retail trader is succeeding! I reached out and asked him a few questions (in bold), hoping to learn from his success.  Below are his answers. Who are you and where are you from? Why did you get started in trading? I’m a retail trader from Sydney (@_jpark89 on Twitter) and videos such as “How to make $1000 in 10 minutes,” “How to buy stocks before they spike 200%,“ “How to turn $1000 into $10,000,” were Read more [...]


Trading Class This Thursday

Mar 13th, 2017 | By | Category: General Comments
[EPISODE 37] "The Trade Review: How Pro Traders Keep a Trading Journal"   Click Here to Learn How to Attend this Online Class Read more [...]


John Locke’s Q and A webinar on his favorite strategy: The Bearish Butterfly

Mar 10th, 2017 | By | Category: General Comments
SMB Capital Options Desk Trader John Locke's Q and A webinar on his favorite strategy: The Bearish Butterfly Read more [...]


SMB will be visiting the Scottsdale-Phoenix Traders and Investors Meetup Group

Mar 10th, 2017 | By | Category: General Comments
  I will be visiting Scottsdale-Phoenix Traders and Investors Meetup Group March 28th in Scottsdale/Phoenix, Arizona. Here in the link to learn more about the event and sign up. The title of my presentation is: A Case Study of 8 Successful Traders at SMB Capital: Why and How They Consistently Win Examples of the trade setups that these traders focus upon. The cognitive and personality traits that make each of them distinct traders. Stories of how these traders have gone from new trader to consistently profitable. Formula for the 7-figure trader Q&A Examples of traders succeeding in Stocks, Read more [...]