Steven Spencer (Steve’s) Blogs

Trading A Momentum Reversal–TSLA

Mar 25th, 2016 | By | Category: Steven Spencer (Steve's) Blogs, Trading Lesson
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 stocks, options, forex and futures. He has traded professionally for 20 years. His email address is: [email protected] No relevant positions Read more [...]


How Short Term Traders Use Catalysts

Mar 17th, 2016 | By | Category: Steven Spencer (Steve's) Blogs, Trading Lesson
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 Read more [...]


Trade Review: Buying SPY & IWM pull backs

Mar 13th, 2016 | By | Category: General Comments, Steven Spencer (Steve's) Blogs, Technical Plays, Trading Lesson
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 take to offer continued stimulus for the EU. The context of this decision was that it was set to occur after several strong weeks in the US stock market. When you watch financial TV or listen to financial punditry there is a lot of time spent trying to explain why the market Read more [...]


Trade Review–JCP WTW SUNE SPLK BBY

Feb 28th, 2016 | By | Category: Steven Spencer (Steve's) Blogs, Trading Lesson
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 news catalyst. The setup I liked the most SPLK was the only one that wasn't profitable for me. Which goes to show you that trading is really just a game of probability and sometimes our biggest winners will come from a trade we think is only so so, and our losers could be from something that looks great! The Read more [...]


Things We See At Market Bottoms

Feb 20th, 2016 | By | Category: Steven Spencer (Steve's) Blogs, Trading Lesson
What sort of things should we look for at market bottoms? There is a lot of discussion on things we need to see or not see for a market to put in a bottom. I offer thoughts on a few of these in this 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 19 years. His email address is: [email protected] no relevant positions Read more [...]


Thoughts On Trading Tired

Feb 13th, 2016 | By | Category: Steven Spencer (Steve's) Blogs, Trading Lesson
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, options, forex and futures. He has traded professionally for 19 years. His email address is: [email protected] No relevant positions Read more [...]


The First Trading Fundamental

Feb 9th, 2016 | By | Category: General Comments, Steven Spencer (Steve's) Blogs
At SMB we teach our traders 7 fundamentals of trading. The first is "proper preparation". Each morning I follow a routine that helps me identify the best stocks and risk/reward setups. I enter the stocks and key price levels in a written game plan, and then broadcast a meeting where I offer my thoughts on how things may unfold. Here are three ideas from the February 8th morning meeting. The first two stocks were "In Play" with a fresh news catalyst. I offered potential support areas for long trades. Watch the videos and compare to how the stocks traded that day. The third idea was the biotech ETF IBB which has sold off 40% from Read more [...]


Thoughts On Trading A Bear Market–SPY FB NFLX

Feb 6th, 2016 | By | Category: Steven Spencer (Steve's) Blogs
In this video I offer some thoughts for how the market is setting up for the second week of February. If you are interested in our process for finding the best trading setups each day join me for a free webinar Monday February 8th at 4:30PM. 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 NFLX and FB My free webinar for identifying the best trading setups HERE Read more [...]