Posts Tagged ‘ Trading Lesson ’

The Market Is Loosening Up

Apr 28th, 2017 | By | Category: Steven Spencer (Steve's) Blogs, Trading Lesson
In this video I discuss how the character of the market has recently changed and how short term traders can capitalize by trading market ETFs such as SPY and futures contracts. no relevant positions Find out how you can get these ideas each morning and listen to our desk trade live below Read more [...]


Does the layout of your charts matter?

Apr 25th, 2017 | By | Category: Free Daily Trading Video
Sometimes it's the simplest of things that can give us just the nudge we need on our path towards consistency. The layout of your charts and order execution windows does have an impact on your ability to perform. Read more [...]


Continuous Improvement is a Best Practice of Elite Traders

Apr 20th, 2017 | By | Category: Free Daily Trading Video
In this video, Seth Freudberg discusses an example of a trader on SMB’s Options Trading Desk who did a great deal of work to take a solid trade and improve it’s expectancy through a methodical optimization process. Some traders are satisfied with options strategies that work well and a satisfactory level of profit. Elite traders, however are always seeking ways to improve strategies that they employ, even if they are yielding reasonable profits. Read more [...]


My Process is a Better Trader Than I Am!

Apr 19th, 2017 | By | Category: Free Daily Trading Video
In this video, Merritt discusses how his process is actually a better trader than he is. Read more [...]


How To Trade Large Gaps

Apr 15th, 2017 | By | Category: General Comments, Steven Spencer (Steve's) Blogs, Trading Lesson
In the following video I explain the process I use to develop initial bias and price targets in stocks that are gapping higher in the pre-market based on a catalyst. Also, below links to our live AM Meeting where I discussed each stock as our #1 In Play trading idea. The AM Meeting videos can give you a sense of how we prepare each morning before the market Open. April 12th AM Meeting discussion of NBIX begins 3:15. April 13th AM Meeting discussion of AAEO begins 4:43. No relevant positions Read more [...]


Impossible Market Timing?

Mar 12th, 2017 | By | Category: Steven Spencer (Steve's) Blogs, Trading Lesson
Wouldn't it be great if we had a tool that gave us a heads up when market was making a short term top? What if that same tool could be used to time the bottom in market pull backs as well? If we had something like this surely we would make many millions of dollars if not billions in the market each year? Market participants spend a lot of time analyzing various data points to help time market turning points. Sentiment, money flows, momentum are a few that come to mind. Every morning we hold an "AM Meeting" where I give an overview of the broader market indices before we discuss the In Play names of the day. In large part my analysis Read more [...]


The End of Volatility

Feb 17th, 2017 | By | Category: Steven Spencer (Steve's) Blogs
  During the first three years of my trading career I participated in a stock market that seemed to move 1%+ almost every day. That market was built for short term traders. But during that same time period regulators pushed through a series of market structure changes that I believe laid the foundation for a long term decline in stock market volatility. I now believe those structural changes as well as other technological developments make it unlikely the price gyrations that were once common place will ever return. Structural Changes In 1997 the SEC approved the alternative quotation networks known as ECNs to offer Read more [...]


Sometimes Good News is The Best News To Short

Feb 2nd, 2017 | By | Category: Steven Spencer (Steve's) Blogs
Recently, an inexperienced trader asked me about a stock that traded lower after reporting great news. As any experienced trader will tell you, often that is a great opportunity to get short. Yesterday, Facebook reported amazing earnings with a slew of positive metrics. In the after hours it traded to a new all time high above 137. Yet, I got short in the after hours around 137 and then added to the position in the pre-market below 135. In this morning's video I discuss my trading plan for the day and possible patterns that Facebook might follow. Facebook has a history of gapping higher initially following a strong earnings report Read more [...]