Posts Tagged ‘ trading training ’

Guest Post: “Reversal Rehearsal” $DG

Dec 16th, 2012 | By | Category: General Comments, Trading Lesson, Trading Theory
This guest post from experienced futures trader Bruss Bowman provides an excellent example of how to incorporate higher time frame price action into a possible lower time frame trade. It is clear from the post that Bruss in a methodical thinker who is also flexible in his thesis if price behavior fails to confirm. Reversal Rehearsal: Stock Study in DG DG provides an excellent price reversal $Study from 12/11/2012 to 12/12/2012.  This price pattern occurs frequently across asset classes and time-frames.  This strategy and subsequent setups provide a high probability trading environment worthy of study. After Tuesday 12/11/2012 Read more [...]


Over Trading

Nov 18th, 2012 | By | Category: Steven Spencer (Steve's) Blogs, Trader Development
STEVE- Good evening! I have been enjoying my trial membership to the "Stocks in Play" feature of SMB, and I am considering signing up for the In play/Radar/Chat side of things. I have thoroughly enjoyed the morning meeting's, and have really appreciated the information put out there. I came to know of SMB largely by reading "One Good Trade", and learned a great deal that was applicable to myself in that book. I have been impressed with how your firm operates and the emphasis on coaching and improvement. A topic I've been thinking a good amount about lately is "overtrading". I think this varies from trader to trader, and I'm really Read more [...]


Trading A VERY Large Gap–Trade Review $ANF

Nov 14th, 2012 | By | Category: SMB on TV, Steven Spencer (Steve's) Blogs, Trader Development

Steve Spencer reviews how to approach trading a very large gap in ANF.

Steven Spencer is the co-founder of SMB Capital and SMB University and has traded professionally for 16 years. His email is sspencer@smbcap.com.

No relevant positions



ESRX Crescendo

Nov 8th, 2012 | By | Category: Steven Spencer (Steve's) Blogs, Trader Development, Trading Lesson
Sorry for the delay on this post. A few had asked about the message I shared on StockTwits Tuesday morning regarding ESRX putting in a bottom. Tuesday morning ESRX was on the top of our list of In Play stocks. Was gapping down and set up for a nice short right on the Open. Our "best case" scenario for downside was 51.50-52 based on longer term support. For this entire earnings season we are seeing stocks that gap down on earnings bouncing strongly from longer term support areas. We saw that again today in MNST that bounced from its recent low of 40. I had alerts set for ESRX at 52 and 51.50 to remind me that those were Read more [...]


IF I Develop a Trading Plan THEN My Results Will Improve: EXPE (10.26.12)

Oct 26th, 2012 | By | Category: General Comments, Steven Spencer (Steve's) Blogs, Trader Development
I tweeted this week that trading is about having a series of if/then statements and not about making predictions. In practical terms this means that traders are game planning for every stock on their watch list. They are making decisions on how to trade each name based on price action, market conditions and news catalysts. For every stock I look at each day I have an understanding of what conditions would lead me to make a long trade, short trade or no trade. By developing these ideas in advance it makes it easier to execute in real time as additional data is being presented. Let's take a look at EXPE from today. This is a stock Read more [...]


The Apple Story

Oct 21st, 2012 | By | Category: General Comments, Steven Spencer (Steve's) Blogs, Trading Lesson
There have been very competent traders discussing signs of weakness in AAPL since it failed at 680ish. And since then there have been several excellent swing shorts AND swing longs. The price action has loosened up as the debate continues on where it should be priced coming into its earnings release this week and after its disappointing Iphone 5 release.  It has now given back 85 points of the 135 run up into the Iphone 5. Is this selloff any different than the chatter when it pulled back from 640 to 520 or is it simply another buying opportunity in a stock that has traded for years at a discount to its growth rate? Apple has Read more [...]


Live From the Trading Floor – 10.17.12

Oct 17th, 2012 | By | 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 Read more [...]


Live From The Trading Floor – 10.15.12

Oct 15th, 2012 | By | 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 todays show Steve Discusses AAPL's recent price action and whether it is bottoming (1-4) Discusses LLY as a follow through trade (4-6) Discusses C as an earnings and relative strength play (9-11) Responds to a question on Fibonacci levels (12-13) Gives his take on the market overall and the untrend channel that began in June (13) Discusses today's price action in QCOR with intelligent entry prices and possible targets (14-15) Explains Read more [...]


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1. SMB TRAINING is NOT a Broker Dealer. SMB Training engages in trader education and training. SMB TRAINING offers a number of products and services, both electronical (over the internet through smbtraining.com) and in person. SMB TRAINING also offers web-based, interactive training courses on demand.

2. The seminars given by SMB TRAINING are for educational purposes only. This information neither is, nor should be construed, as an offer, or a solicitation of an offer, to buy or sell securities. You shall be fully responsible for any investment decision you make, and such decisions will be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance, and liquidity needs.

3. This material is being provided to you for educational purposes only. No information presented constitutes a recommendation by SMB TRAINING or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy. The content neither is, nor should be construed as, an offer, or a solicitation of an offer, to buy, sell, or hold any securities. You are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs.

4. SMB Training and SMB Capital Management, LLC are separate but affiliated companies.

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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