Technical Plays
Jun 11th, 2013 |
By sspencer |
Category: General Comments, SMB on TV, Steven Spencer (Steve's) Blogs, Technical Plays, Trade of the Week, Trading Lesson
The price action in TSLA from the past several trading days does a nice job of demonstrating three distinct types of trades. Not all trades makes sense to all traders. But if you can figure out which of these trades fits your personality best and then build a detailed trading plan on how to attack it next time it occurs you can start to improve your consistency.
Trade 1 (May 23): Consolidation Break Swing Trade
Trade 2 (May 29): Momentum Reversal Trade
Trade 3 (May 29-May 31): The Range Trade
If you missed this presentation yesterday, where Steve went over in more detail the execution of these trades, you can watch it now. The cost of the recording is $19.95, with proceeds going to the
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Tags: day trading, trade review, trading education, trading setups Posted in General Comments, SMB on TV, Steven Spencer (Steve's) Blogs, Technical Plays, Trade of the Week, Trading Lesson |
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Jun 3rd, 2013 |
By sspencer |
Category: SMB on TV, Steven Spencer (Steve's) Blogs, Technical Plays
This trade review video of DDD discusses a "momentum reversal" short trade Steve made on May 14.
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Steven Spencer is the co-founder of SMB Capital and SMB University and has traded professionally for 16 years. His email is sspencer@smbcap.com.
No Relevant Positions
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Tags: equities education, momentum reversal, steve spencer, trade review, trading education, trading setup Posted in SMB on TV, Steven Spencer (Steve's) Blogs, Technical Plays |
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May 11th, 2013 |
By sspencer |
Category: Steven Spencer (Steve's) Blogs, Technical Plays, Trader Development
A few days ago my trading clerk asked me to take a look at QIHU. It had exploded above its ATH on heavy volume. I didn't take a trade in it on Day 1 but made a note of the 36.50 pullback low after its Opening Drive. On Day 2 after a stock has broken out I like to get long if it consolidates above this level.
On Day 2 I got long a quarter position at 36.65 in the late afternoon as it was clearly being bought above the 36.50 support. I was risking about 20 cents on the position with the intention of swinging it for the next leg higher. From a measured moved perspective if it broke out from the Day 1 high a reasonable target would be around 40.60.
On Day 3 it opened flattish then drove up
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Tags: qihu, stupid, trade Posted in Steven Spencer (Steve's) Blogs, Technical Plays, Trader Development |
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Apr 28th, 2013 |
By sspencer |
Category: Steven Spencer (Steve's) Blogs, Technical Plays, Trading Lesson
In this trade review Steve discusses the multi-day approach to a technical breakdown in AAPL below 419. There will be a followup trade review this week where Steve will discuss the long reversal a position he is currently still holding.
Steven Spencer is the co-founder of SMB Capital and SMB University and has traded professionally for 16 years. His email is sspencer@smbcap.com.
Steven Spencer is currently long AAPL and short GLD
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Tags: AAPL breakdown, stock training, trade review, trading education Posted in Steven Spencer (Steve's) Blogs, Technical Plays, Trading Lesson |
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Apr 16th, 2013 |
By mprincipato |
Category: General Comments, Marc Principato, SMB Forex, SMB Video Blogs, Technical Plays, Trading Ideas, Trading Lesson
Marc Principato examines the technical conditions of the S&P futures, EUR/USD, GBP/USD and AUD/USD. He also offers some insight as to which way these instruments are going for the rest of the week. Please sign up below to watch the video on this week's analysis.
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Marc Principato, CMT
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Tags: conventional trader, emotion, forex, Forex Training, market context, multiple time frame analysis, process, psychology, Routines, SMB, smb capital, time frame, trader training, trading, trading education, uninformed Posted in General Comments, Marc Principato, SMB Forex, SMB Video Blogs, Technical Plays, Trading Ideas, Trading Lesson |
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Mar 23rd, 2013 |
By sspencer |
Category: General Comments, Steven Spencer (Steve's) Blogs, Technical Plays
My best stock in 2007 was RIMM. It had an incredible run trading up over 400% as AAPL made the world believe that smartphones were going to become a mainstream consumer product. The massive move in RIMM offered a multitude of short term trading setups. Several years later after the smartphone market exploded it was clear that there were two winners and RIMM wasn't one of them. But as the market often does it overshot in the other direction as most assumed BBRY (ticker changed) would be going out of business sooner rather than later and the stock traded down to about $6.
In the past six months it has been in an uptrend and more recently its volatility has picked up considerably. It went from
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Tags: crackberry Posted in General Comments, Steven Spencer (Steve's) Blogs, Technical Plays |
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Mar 13th, 2013 |
By sspencer |
Category: General Comments, Steven Spencer (Steve's) Blogs, Technical Plays
There wasn't much In Play this morning. EXPR was gapping lower in reaction to an earnings release. When a stock has a large gap from an earnings release the first thing we do is look for clues during the pre-market session for whether it will be a gap fill candidate or a continuation play.
EXPR was trading actively in the pre-market around 16, which is an important longer term level. In the chart below you can see that after falling below 16 EXPR was bought and established a pre-market uptrend stalling at 16.60 before pulling back and supporting at 16.20 establishing its first higher low of the day. As the market opened it drove above pre-market high and there was clearly a buyer. This was
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Tags: good, trades Posted in General Comments, Steven Spencer (Steve's) Blogs, Technical Plays |
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Feb 28th, 2013 |
By sspencer |
Category: General Comments, SMB on TV, SMB Video Blogs, Steven Spencer (Steve's) Blogs, Technical Plays
In this video, Shark reviews a trade he made in PAY on February 22nd. He discusses the big picture, his thought process throughout the trade, and the trade management skills he brought to the trade.
This webinar is no longer available
*No Relevant Positions
Tags: stock trading, stock training, trade review, trading education Posted in General Comments, SMB on TV, SMB Video Blogs, Steven Spencer (Steve's) Blogs, Technical Plays |
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Feb 13th, 2013 |
By sspencer |
Category: Steven Spencer (Steve's) Blogs, Technical Plays
I was trading GMCR this morning. I consider it to be a Top 8 "momo" stock. It would probably be #2 behind NFLX if it hadn't done a dopey 3/1 stock split a couple of years ago. "Momo" stocks are stocks that "fast money" hedge funds are constantly pushing around.
GMCR gapped lower on earnings last week and had a pretty solid Day 1 bounce. It then sold off for two days before bottoming on Day 3 which was yesterday. The thing I like most about momo stocks is they just set up over and over again. The hedge fund players have not altered their playbook one bit in the 17 years I have been trading. It is really quite astonishing. So the setup that started forming yesterday was a multi-point reversal.
Look
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Posted in Steven Spencer (Steve's) Blogs, Technical Plays |
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