Steve’s Bio

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Our blog will add value to your trading.  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.

  • Mark B

    About your book title, I like the first one. If I may, I’d like to suggest that instead of “One Good Trade,” you might consider “The Next Good Trade”. That’s what you guys are always looking for, no?

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