Posts Tagged ‘ trading education ’

Is Forex a good product to develop a track record to be funded by a prop firm?

Jul 6th, 2017 | By | Category: General Comments
Hi Mike, I am from Singapore, and I recently just finished reading "The Playbook". I read "One Good Trade" a few years back and got me propelled into the right mindset a trader should have. I like how the book has included the part of how a professional trader thinks, I used to think that a trading plan only includes where to buy or where to sell, where to stop and what are the targets. After reading your book, I realize there is more that I should do. I have been trading Forex through Oanda, I keep a trading journal, screen shot my before and after trades, and also look back from time to time to see if I am following my Read more [...]


7 ideas for improving your trading consistency

Apr 22nd, 2017 | By | Category: General Comments
I was recently a guest lecturer at Stony Brook University sharing my knowledge of trading and trader development with interested students.  At the end of my lecture, a student approached and asked, "How can I improve my trading consistency?" We have polled our trading community for the top trading issues they would like to solve, and trading consistency consistently makes the list. Many have some success in trading, trades where they really get it.  Trades where they really have edge.  And then they also have periods of frustration and losses.  If they could just keep the good trades and rid the bad ones. At the Read more [...]


Managing your swing positions/trades better

Aug 16th, 2016 | By | Category: General Comments
  Hi Mike, I met you last 2 weeks at Singapore Invest Fair.  I am deeply impressed with your presentation and your New York traders trading ways. Personally, I am a prop house day scalp traders for Malaysia stock market for 8 years.my performance for the scalp trading is quite consistent and keep on growing. I have a matter need your advice. While my scalp trade is consistent when i go into  for my swing trade on stock market on midterm (few weeks) or longer term (few months) basics for my own capacity.i keep on have the scalp trade mentality even though I have a trading plan for it. When i am having position Read more [...]


Trading A Momentum Reversal–TSLA

Mar 25th, 2016 | By | Category: Steven Spencer (Steve's) Blogs, Trading Lesson
This past week many traders sought to profit from a short trade in TSLA. Eventually it reversed dropping almost 10% in two days. But it wasn't an easy or simple trade by any stretch. My thoughts on one way to make this trade easier... 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 [...]


Things We See At Market Bottoms

Feb 20th, 2016 | By | Category: Steven Spencer (Steve's) Blogs, Trading Lesson
What sort of things should we look for at market bottoms? There is a lot of discussion on things we need to see or not see for a market to put in a bottom. I offer thoughts on a few of these in this video. 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] no relevant positions Read more [...]


Thoughts On Trading Tired

Feb 13th, 2016 | By | Category: Steven Spencer (Steve's) Blogs, Trading Lesson
It has been a grueling two weeks. Peak earnings season. Peak bear market. Here are some thoughts on things you can do if felling run down...           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] No relevant positions Read more [...]


Thoughts On Trading A Bear Market–SPY FB NFLX

Feb 6th, 2016 | By | Category: Steven Spencer (Steve's) Blogs
In this video I offer some thoughts for how the market is setting up for the second week of February. If you are interested in our process for finding the best trading setups each day join me for a free webinar Monday February 8th at 4:30PM. 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 long NFLX and FB My free webinar for identifying the best trading setups HERE Read more [...]


Trading A Beaten Down Name

Nov 7th, 2015 | By | Category: Steven Spencer (Steve's) Blogs, Trading Lesson
In this video I walk you through a trade in Horizon Pharmaceuticals (HZNP) which has been crushed recently in the Valient Tsunami. We look at big picture price and what various holders may be thinking We break down intra-day criteria and how to use them for trade confirmation or rejection We identify key price levels prior to entering the trade so we are prepared to execute against those levels 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] No Read more [...]