Steven Spencer (Steve’s) Blogs

The Risk of Shorting a “Low Float” Stock– $DGLY

Sep 2nd, 2014 | By | Category: SMB Video Blogs, Steven Spencer (Steve's) Blogs
While I was in Nantucket on vacation DGLY popped from $4 to $8. I began to talk to our traders about further upside and the inherent risks associated with shorting a "low float" stock. This video expands a bit on my thought process. Enjoy! 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 18 years. His email address is: sspencer@smbcap.com. Steven Spencer is currently long CSCO, DDD, FB, FEYE, LULU, SEAS, VZ and short GLD Read more [...]


Shorting DGLY Can Get FGLY!

Aug 25th, 2014 | By | Category: Steven Spencer (Steve's) Blogs
Here is a short clip from our pre-market meeting on August 25th (filmed at my dining room table in Nantucket;). We take a look at DGLY which was gapping above $9 in the pre-market. I offered some thoughts on how many traders focus on capturing the pull back from $8 to $7 and often miss the larger opportunity to the upside that usually follows. One thing I have noticed recently is that some of these lower priced momentum stocks are having much larger moves on the second gap up higher. We saw this in TKMR a couple of weeks ago as well. The key to today's DGLY trade turned out to be the consolidation above 10 the level mentioned Read more [...]


Trading Lesson–How To Trade When The Market Is “In Play”

Aug 3rd, 2014 | By | Category: General Comments, Steven Spencer (Steve's) Blogs, Trading Lesson
Short term traders can greatly increase their risk/reward and win rate by making sure that they are in the most “In Play” names each day. Occasionally, the market itself becomes “In Play” following a major technical break and I will trade it via index ETFs. Friday morning I shared a price on StockTwits  I wanted to get long the market via the SPY. I made this SPY trade and several others on Friday which turned out to be profitable. I received the following email from one of SMB’s student’s asking me to clarify my thought process which I am happy to do. My thoughts are in blue.   Hi Steve, I followed Read more [...]


Trade Review $AAPL

Jul 16th, 2014 | By | Category: SMB Video Blogs, Steven Spencer (Steve's) Blogs, Trading Ideas
In this short video, Steve discusses a stock from this morning's AM Meeting. Every morning he reviews the market and analyzes the stocks that are in play and likely to have second-day moves. Enjoy the video! 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 18 years. His email address is: sspencer@smbcap.com. Steven Spencer is currently long ALB, BBRY, CROX, DDD, FB, GLD, IWM, KING, KND, LNKD, SPWR, WFC, XOOM and short AAPL, KKD, KO, MSI, ZQK Read more [...]


SMB AM Meeting Recap: $TWX

Jul 16th, 2014 | By | Category: SMB Video Blogs, Steven Spencer (Steve's) Blogs, Trading Ideas
In this short video, Steve discusses a stock from this morning's AM Meeting. Every morning he reviews the market and analyzes the stocks that are in play and likely to have second-day moves. Steve discusses the potential trading setups in $TWX. 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 18 years. His email address is: sspencer@smbcap.com. Steven Spencer is currently long ALB, BBRY, CROX, DDD, FB, GLD, GTAT, IWM, KING, KND, LNKD, LO, SPWR, TWX, WFC, XOOM and short C, INTC, KKD, KO, MSI, Read more [...]


SMB AM Meeting Recap: $GIMO

Jul 9th, 2014 | By | Category: SMB Video Blogs, Steven Spencer (Steve's) Blogs, Trading Ideas
In this short video, Steve discusses a stock from this morning's AM Meeting. Every morning he reviews the market and analyzes the stocks that are in play and likely to have second-day moves. Steve discusses the potential trading setups in $GIMO. 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 18 years. His email address is: sspencer@smbcap.com. Steven Spencer is currently long AA, BBRY, CROX, DDD, FB, KING, KND, KNDI, LNKD, NFLX, SCTY, SPWR, TWTR, XOOM and short AAL, KKD, KO, ZQK. Read more [...]


SMB AM Meeting Recap: $GWPH

Jun 30th, 2014 | By | Category: SMB Video Blogs, Steven Spencer (Steve's) Blogs, Trading Ideas
In this short video, Steve discusses a stock from this morning's AM Meeting. Every morning he reviews the market and analyzes the stocks that are in play and likely to have second-day moves. Steve discusses the potential trading setups in $GWPH. 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 18 years. His email address is: sspencer@smbcap.com. Steven Spencer is currently long AA, BBBY, CROX, GM, KND, KNDI, XOOX and short KKD, KO, SCTY, ZQK. Read more [...]


Why I Got Long Bed, Bath & Beyond ($BBBY)

Jun 29th, 2014 | By | Category: Steven Spencer (Steve's) Blogs, Trading Lesson
In a raging bull market there aren't a lot of spots to put money to work on the long side that offer good risk to reward. BBBY gapped lower Thursday for the third time this year bringing it within striking distance of important longer term support and around 30% from its high. My thought process was that many large managers would use this opportunity to get long because the perceived downside was considerably less than the upside on the intermediate to longer term time frames. In this video I explain how I used this thesis to establish a swing trade in BBBY on the long side. One of the cool things about being a nimble short term Read more [...]


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