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Live From the Trading Floor – 10.17.12

Oct 17th, 2012 | By sspencer | Category: General Comments, SMB on TV, Steven Spencer (Steve's) Blogs

Steve will be broadcasting every Monday, Wednesday and Friday at 11:15 am EDT and you will have the opportunity to chat with him through our new Stocktwits chat feature. Don’t miss it!

In today’s show Steve

Breaks down the big picture via the SPY (0-2)
Talks earnings stocks IBM CREE
Discusses why he traded FTNT long (6-7)
Discusses 2nd Day Play UNH
Analyzes SMB Radar “weak today” ABT APOL CL RYL (9-12)

Steve Spencer
*No relevant positions

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Tags: day trading, trading ideas, Trading Lesson, trading mentor, trading training

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Bob S October 17th, 2012 11:32 pm
Excellent, always

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Recording: Training Session with Steve Spencer: Three Trades on TSLA

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 ...
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Trader Development

One Stock, Three Trades: $TSLA

(This post was written on June 1, 2013) The price action in $TSLA from the past six trading days does a nice job of demonstrating three distinct types of trades. Not all trades makes sense to all traders. But if as a trader 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 ...
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Trading Lesson

Technical Plays

Trading Theory

It Was Fun While It Lasted

Two weeks ago while on vacation I wrote this market-related post, wondering if the most recent down move would lead to a higher level of market volatility or simply retrace and be back to business as usual. Well, it appears that we have our answer as it is back to the #NewNormal. In the past four trading days the SPY intraday range has been 82 cents and that includes Friday's price action following an unexpected ...
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Traders Ask

A Trader Asks: Why Do You Prefer the Butterfly Strategy?

Hello Seth, Wanted to say thanks for the Webinar presentations provided on the Options Tribe site. It is very interesting to observe the many styles and approaches people are implementing. As I’m getting closer to starting the options program, I’ve been thinking about what style would be suited to my personality the most. I have a little bit of an idea but I don’t want to reach any conclusions until I see all the possibilities for the course and discussions ...
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5. No relevant positions

6. Please note: Hypothetical computer simulated performance results are believed to be accurately presented. However, they are not guaranteed as to accuracy or completeness and are subject to change without any notice. Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Since, also, the trades have not actually been executed; the results may have been under or over compensated for the impact, if any, of certain market factors such as liquidity, slippage and commissions. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any portfolio will, or is likely to achieve profits or losses similar to those shown. All investments and trades carry risks.

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