Trading Lesson

From Our Desk to Yours: 5 Key Lessons from Our April Trade Reviews

May 2nd, 2017 | By | Category: Trading Lesson
Register now to attend our next online trading class, Wednesday, May 3, 2017 at 5 PM ET... Managing partner, Mike Bellafiore, will share 5 lessons the firm's monthly reviews. Each month, firm traders complete a monthly review on how they can improve. The work traders are doing can help inform you on ways you can improve. 〈 REGISTER NOW 〉 Read more [...]


The Market Is Loosening Up

Apr 28th, 2017 | By | Category: Steven Spencer (Steve's) Blogs, Trading Lesson
In this video I discuss how the character of the market has recently changed and how short term traders can capitalize by trading market ETFs such as SPY and futures contracts. no relevant positions Find out how you can get these ideas each morning and listen to our desk trade live below Read more [...]


How To Trade Large Gaps

Apr 15th, 2017 | By | Category: General Comments, Steven Spencer (Steve's) Blogs, Trading Lesson
In the following video I explain the process I use to develop initial bias and price targets in stocks that are gapping higher in the pre-market based on a catalyst. Also, below links to our live AM Meeting where I discussed each stock as our #1 In Play trading idea. The AM Meeting videos can give you a sense of how we prepare each morning before the market Open. April 12th AM Meeting discussion of NBIX begins 3:15. April 13th AM Meeting discussion of AAEO begins 4:43. No relevant positions Read more [...]


Impossible Market Timing?

Mar 12th, 2017 | By | Category: Steven Spencer (Steve's) Blogs, Trading Lesson
Wouldn't it be great if we had a tool that gave us a heads up when market was making a short term top? What if that same tool could be used to time the bottom in market pull backs as well? If we had something like this surely we would make many millions of dollars if not billions in the market each year? Market participants spend a lot of time analyzing various data points to help time market turning points. Sentiment, money flows, momentum are a few that come to mind. Every morning we hold an "AM Meeting" where I give an overview of the broader market indices before we discuss the In Play names of the day. In large part my analysis Read more [...]


Get Your Exclusive Inside Look of “The Winning Trader” Program

Jan 30th, 2017 | By | Category: Trading Lesson
The Winning Trader is a very intensive 10-week training experience. This Wednesday we are inviting the entire SMB community to attend the orientation webinar. During this webinar, you will learn about the tools, mentoring meetings, and training modules that are included in The Winning Trader. This is the last open meeting before we buckle down and get to work with everyone that has signed up for the live 10-week training. Save the link below and mark your calendar to join us Wednesday February 1st at 4:15 PM Eastern (NYC) https://smbclassroom.clickwebinar.com/smb-equities-webinars If you haven't signed up for TWT... right now Read more [...]


Three Opening Trades–Review BABA MMM VZ

Jan 25th, 2017 | By | Category: Steven Spencer (Steve's) Blogs, Trading Ideas, Trading Lesson
Yesterday, I made the below three trades on the Open based on our morning game plan and strategies we teach on the prop desk. It is important to spend time reviewing your trades each day to determine if you followed your trading plan and identify possible improvements on execution. BABA (win)---good #s. With large recent runup no great setup but expect some initial profit taking before any bounce. Look for failure at 104. Didn’t get short off on 104 failure as wasn’t on desk. Got long flush near 101 w/ stop below 100.50. Not huge confidence in this trade because Chinese name so anything possible but $3 from resistance Read more [...]


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 [...]