Trading Lesson

How To Identify A Long Term Bottom–Twitter

Aug 26th, 2016 | By | Category: Steven Spencer (Steve's) Blogs, Trading Lesson
In this video I discuss the process by which Twitter formed a long term bottom in 2016. This lesson has broad applicability for traders/investors attempting to catch larger moves (30%+) in the stock market. 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 long TWTR Read more [...]


That Was Different—Did You Make Money?

Aug 2nd, 2016 | By | Category: General Comments, Steven Spencer (Steve's) Blogs, Trading Lesson
In short term trading we are always on the lookout for something that looks "different". That is where edge is. That is where good risk/reward is. The past few weeks the SPY has been bopping up and down in a tiny range. After four or five days it was unusual. After two weeks it was historic. Every short term trader was focused on which direction we would break. Beginning yesterday, I began to become more bearish when we failed to hold above 217.50. So this morning with the market gapping lower I was prepared to get short SPY and look for price action confirmation. The following items are "textbook" things to look for Read more [...]


Long Oil–How Much More Upside This Year?

Jul 16th, 2016 | By | Category: Steven Spencer (Steve's) Blogs, Trading Lesson
In this video Steve offers his thoughts on the current technical state of oil, and what he is looking for going forward. 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 long USO Read more [...]


Not All Setups Are Created Equal

Jul 13th, 2016 | By | Category: Intraday Levels, market structure, Technical Plays, Trading Conversations, Trading Lesson
Each Friday at 1:30pm EST we host Trading Conversations, a webinar where we open the floor for questions from our trading community about trading stocks, options, futures, psychology, risk, or whatever you want! One of my favorite topics was brought up last week... context. In working with retail traders I get to see where people have holes in their trading plans, and where they need the most help. One of the most common areas I see a major need for improvement is in using the higher timeframe. Why do we use the higher timeframe? Let's say, for example, we're in intraday trader that likes to get long consolidation breakouts. Read more [...]


Don’t Fade This

Jun 11th, 2016 | By | Category: Steven Spencer (Steve's) Blogs, Trading Lesson
In last week's video I discussed getting long the market into weakness when a trading range has been established. Today's video discusses a set of conditions in which to not make this sort of trade.   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 short SPY Read more [...]


When Buyers Are In Control

Jun 4th, 2016 | By | Category: Steven Spencer (Steve's) Blogs, Trading Lesson
This video discusses how to identify areas that should be bought into market pull backs. 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 **Try a FREE TRIAL of all of our trading tools designed for short term traders and investors** Read more [...]


The Technology Assist

Jun 1st, 2016 | By | Category: Free Daily Trading Video, Steven Spencer (Steve's) Blogs, Trading Lesson
Steve discusses how he uses technology in his process to help him keep track of and execute trades. 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 [...]


Wandering Off The Path

May 26th, 2016 | By | Category: Steven Spencer (Steve's) Blogs, Trading Lesson
(May 25th 2016) I had a very disappointing day. I Lost money in trades that weren't part of my pre-market game plan. And I Didn't make money in the trades I outlined in our AM Meeting. When the day is over and I review my work I'm primarily measuring my results against how I executed on the opportunities that were identified prior to the market Open. To give you a sense of the opportunity that was available today I will share the written portion of my morning game plan, and then break down a few stocks based on their price action and key S/R levels. The first two stocks in the game plan are CSC and HPE. They were involved Read more [...]