Trading Lesson

A Trader’s Definition of Hell

Jan 11th, 2017 | By | Category: Futures, General Comments, SMB Fundamentals, Trader Development, Trading Lesson, Trading Psychology
What would a trader's definition of hell be? I say it's the following: On your last day on earth, the trader you became will meet the trader you could have become. Scary to think about isn't it? I have two ways of avoiding "trader hell" that I'll share with you. Focus on process. I can guarantee you that if you spend your days toiling in the need to be right, make money, "win", or get revenge - you will end up in trader hell. What separates many elite performers, in nearly all elite-performance fields, is a strong commitment to process. It's not about the scoreboard, it's not about what happened on your last trade, it's Read more [...]


Ten Trades That Have Actually Worked

Jan 8th, 2017 | By | Category: Trading Lesson
You know there is a way to generate profits by trading. You know there is some setup, some strategy, some system that you can trade to get on the right side of the market and generate these profits. Unfortunately, most traders never experience that reality. We know this because we've surveyed thousands of traders. But... rest assured... some do make it. And they don't make it by luck. How do we know it's not luck? Because the traders that do make it continue to make it... year ... after year... after year. Wouldn't it be nice if you could see the setup, the strategy, the system that these traders are using to generate big Read more [...]


Understanding Market Turning Points

Oct 14th, 2016 | By | Category: Steven Spencer (Steve's) Blogs, Trading Lesson
Short term traders make thousands of trades each year. But not every trade is of equal importance to our bottom line. We develop a trading plan for every trade regardless of how large or small the opportunity, but with experience we begin to identify the trades that offer the greatest upside and the best risk/reward. I have found in my 20+ years of trading that identifying potential turning points in the market can make a dramatic difference in your trading results each year. On these days the risk/reward is magnified for making broader market trades, and many individual names will establish important short term tops/bottoms Read more [...]


Five things profitable traders do that losing traders don’t

Oct 11th, 2016 | By | Category: Trading Lesson
Ever wonder what is going on the minds of professional consistently profitable traders? An extremely important part of our firm's success is modeling what top traders have in common. These common characteristics and practices are things that you can learn from and apply to your trading. This Thursday at 4:15 pm (NYC), Mike Bellafiore will be teaching a free online class: "Five things profitable traders do that losing traders don't" In this free online class, you will learn: The growth mindset essential for reaching your trading potential The importance of stock selection for winning traders Examples of successful Read more [...]


When A Stock Is Crushed

Oct 8th, 2016 | By | Category: General Comments, Steven Spencer (Steve's) Blogs, Trading Lesson
When a negative catalyst causes a stock to gap lower 20% or more it attracts a lot of attention. Should we look for a bounce? Should we stay short and look for more downside? Here are some things to consider 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] Read more [...]


Why Price Action Analysis is Different than Technical Analysis

Oct 7th, 2016 | By | Category: Dna Program, Events, Steven Spencer (Steve's) Blogs, Trading Lesson
Technical Analysis is what you already 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. Profitable trading is 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. Price Action Analysis is 1/8th of the SMB DNA program. Apply now to join us for our third SMB DNA Program. It's going to Read more [...]


How Goldman Sachs & JPM Morgan Created A Good Short Opportunity in $SRPT

Sep 24th, 2016 | By | Category: General Comments, Steven Spencer (Steve's) Blogs, Trading Ideas, Trading Lesson
Our #1 trading idea for Friday was SRPT. It sold $300 million of shares in a secondary offering via Goldman Sachs and JP Morgan. Normally, biotech secondaries are excellent long set ups. The prior week I had been long AERI following its secondary offering and it traded 30%+ higher in a few days. But this time was different. I discussed why SRPT was likely a good short trade candidate. Why was this time different? Watch our AM Meeting below. Free Trial info HERE. Below how SRPT traded Friday after the market opened... Steven Spencer is the co-founder of SMB Capital and SMB University which provides Read more [...]


Trade Review–Shorting A Stock After Earnings $RHT

Sep 23rd, 2016 | By | Category: General Comments, Steven Spencer (Steve's) Blogs, Trading Ideas, Trading Lesson
In this video I walk you through my thought process in developing a plan to short Red Hat following its earnings report. Each morning we develop trading plans for Stocks In Play. For more info sign up for a free trial which includes all of our trading tools and live position updates. 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 short RHT Read more [...]