Steven Spencer (Steve’s) Blogs

SMB AM Meeting Recap: $WEC

Jun 23rd, 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 $WEC. 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 CROX, GM, IWM, KND, LNKD, MU, TIBX, WAVX, XOOM and short ECYT, HTZ, KKD, KO, OPEN, WEC, ZQK, Read more [...]


SMB AM Meeting Recap: $AAPL

Jun 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 $AAPL. 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 AAPL, CROX, FB, FRAN, GM, GMCR, HTZ, IWM, MU, WAVX, XOOM and short GITV, KKD, KO, OPEN, ZQK. Read more [...]


Trading Education: Do You Have A Methodology To Trade Gaps?

Jun 15th, 2014 | By | Category: General Comments, Steven Spencer (Steve's) Blogs, Trader Development, Trading Lesson, Trading Theory
On June 4th we posted a pre-market video in which I discussed a potential "gap fill" trade in TIBX. When a stock gaps outside of the prior day's range you have three options. Play it for a continuation in the direction of the gap, play it to fill some or all of the gap, or simply take a pass on trading it.  I have found over the years that most traders consistently choose the same option each time disregarding many factors that favor choosing one option over another. Why is this the case? For many it is a lack of methodology for trading gaps. For others it may be they are just more comfortable fading stocks versus following Read more [...]


SMB AM Meeting Recap: $SPY

Jun 11th, 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 $SPY. 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 BCRX, CROX, FB, GM, GMCR, GTAT, HTZ, RCPT, TSN, WAVX, XOOM and short AAPL, GTIV, HSH, KKD, KO, SPY, ZQK. Learn Read more [...]


Shorting The SPY (And Living To Write About It)

Jun 10th, 2014 | By | Category: General Comments, Steven Spencer (Steve's) Blogs
I initiated a pre-market short in the SPY on Thursday June 5th at 193.50. I added to the position as it popped to 194 following the ECB announcement of some monetary stimulus. It was the first time I had shorted the SPY in about six weeks. The risk on the trade was about 40 cents from my average entry and was designed to take advantage of a two to four point pull back. Looking back over the past few months the best short term shorts in the SPY were following strength such as April 4th or May 13th. The trade started to work in the pre-market, and when the market opened the first move was down as well. By 10:00AM the SPY was Read more [...]


SMB AM Meeting Recap: $TIBX

Jun 4th, 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 $TIBX. 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 TIBX, CROX, GTAT, INCY, SWKS, WAVX, XOOM, and short GTIV, KKD, KO, and ZQK. Learn the skills necessary to identify Read more [...]


Why Price Action Analysis is Different than Technical Analysis

May 26th, 2014 | By | Category: Dna Program, Events, Steven Spencer (Steve's) Blogs, Trading Lesson
Technical Analysis is what you know. Price action analysis is what you should know. Technical analysis is the study of charts. Looking at patterns with the hope that it will appear again and offer an opportunity to make money. That’s not how you make money trading, it’s about skill development. Price action analysis is truly understanding the underlying factors that are causing something to happen. It’s a deep awareness of factors that are moving stocks up and down. In today’s video Steve discusses Price Action Analysis, which is one of the eight modules of the SMB DNA mentoring program. Almost one Read more [...]


PetSmart Not So Smart?

May 21st, 2014 | By | Category: Steven Spencer (Steve's) Blogs, Trading Theory
This morning I created a "trade idea" video featuring a short setup in PETM. Here is how the trade actually played out for me. The idea behind the trade was there was a fresh catalyst causing bearish price action during pre-market trading, and a similar setup has yield excellent results recently in stocks such as DKS and INCY. A very important part of the trading process is trade review which should take place after the market closes and you have some time to review each of the day's trades. The below chart highlights the action points from my trading in PETM on the Open. I lost money on two short trades and one long trade. The Read more [...]


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