Our blog will add value to your trading. One of the primary reasons that SMB Capital has grown from 4 to around 50 traders in the short 2.5 yearsfrom our inception is that we add as much value as possible for our traders. And that value will continue here in our blog.  My posts will generally fit into 1 of 3 categories: 1) specific trades I’m considering making/followup to those trades 2) recent trends in the market that I believe are relevant to day trading and other short term trades 3) trading theory. Occasionally, I’ll blog something related to health as I’m also a Certified Holistic Health Counselor.

By way of background I began my trading career at a NASDAQ day trading firm in 1996. I received my undergraduate degree from University of Pennsylvania where I received a BS in Economics from the Wharton School of Business. I received a JD from Fordham University School of Law, while trading full-time. I was trained in a classic momentum style where we were taught to hold positions for very short time periods: anywhere from a few minutes up to a few days. In recent years, my focus has gravitated towards making money intraday. The multi-day strategies that we employed in the mid to late 1990’s are no longer as consistently profitable. This is not to say that when risk/reward is overwhelmingly in my favor I won’t look to hold for a longer period of time. It’s just that these trades no longer occur on a daily basis.

Please feel free to send me your comments/questions at sspencer@smbcap.com related to my posts as I’m always looking to provide traders with the information that is most relevant to them.