Steven Spencer (Steve’s) Blogs

Old School Market Manipulation

Aug 4th, 2016 | By | Category: Steven Spencer (Steve's) Blogs
So my friend JC Parets tweeted recently that he is miffed by traders and investors complaining about market manipulation and not formulating a plan to profit from said manipulation. His point is, I think, as market participants our job is to find ways to extract profit from the market and if we recognize patterns/manipulations then we should have a plan to exploit them. Here is my contribution to the effort. This is a type of manipulation that I have seen as long as I can remember and it works pretty damn well. This week it occurred in GRPN and I was able to take advantage of it. The setup was GRPN had reported solid earnings Read more [...]


That Was Different—Did You Make Money?

Aug 2nd, 2016 | By | Category: General Comments, Steven Spencer (Steve's) Blogs, Trading Lesson
In short term trading we are always on the lookout for something that looks "different". That is where edge is. That is where good risk/reward is. The past few weeks the SPY has been bopping up and down in a tiny range. After four or five days it was unusual. After two weeks it was historic. Every short term trader was focused on which direction we would break. Beginning yesterday, I began to become more bearish when we failed to hold above 217.50. So this morning with the market gapping lower I was prepared to get short SPY and look for price action confirmation. The following items are "textbook" things to look for Read more [...]


Long Oil–How Much More Upside This Year?

Jul 16th, 2016 | By | Category: Steven Spencer (Steve's) Blogs, Trading Lesson
In this video Steve offers his thoughts on the current technical state of oil, and what he is looking for going forward. 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 USO Read more [...]


Why Buy Gold On A “Risk On” Day?

Jul 9th, 2016 | By | Category: Steven Spencer (Steve's) Blogs
I received the following email last night while watching Netflix: Dear Steve,      my name is Guglielmo and I'm glad to be part of the Trader90 community. I trade from Singapore. Yesterday in the AM meeting you were discussing GLD as a long being a very strong stock. At the same time, we saw the strong NFP numbers, suggesting a risk-on day and a sell of safe assets including gold. Evidently, the latter thesis was wrong, so would you mind elaborating a little bit more why you had confidence in buying GLD? Thank you. Your AM meetings are so valuable. Regards, Guglielmo This is an excellent question. When the June non-farm Read more [...]


Don’t Fade This

Jun 11th, 2016 | By | Category: Steven Spencer (Steve's) Blogs, Trading Lesson
In last week's video I discussed getting long the market into weakness when a trading range has been established. Today's video discusses a set of conditions in which to not make this sort of trade.   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 short SPY Read more [...]


When Buyers Are In Control

Jun 4th, 2016 | By | Category: Steven Spencer (Steve's) Blogs, Trading Lesson
This video discusses how to identify areas that should be bought into market pull backs. 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 positions **Try a FREE TRIAL of all of our trading tools designed for short term traders and investors** Read more [...]


The Technology Assist

Jun 1st, 2016 | By | Category: Free Daily Trading Video, Steven Spencer (Steve's) Blogs, Trading Lesson
Steve discusses how he uses technology in his process to help him keep track of and execute trades. 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 positions Read more [...]


Wandering Off The Path

May 26th, 2016 | By | Category: Steven Spencer (Steve's) Blogs, Trading Lesson
(May 25th 2016) I had a very disappointing day. I Lost money in trades that weren't part of my pre-market game plan. And I Didn't make money in the trades I outlined in our AM Meeting. When the day is over and I review my work I'm primarily measuring my results against how I executed on the opportunities that were identified prior to the market Open. To give you a sense of the opportunity that was available today I will share the written portion of my morning game plan, and then break down a few stocks based on their price action and key S/R levels. The first two stocks in the game plan are CSC and HPE. They were involved Read more [...]