The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
Morning Thoughts 2/15/11
Good Morning Traders, Most markets we watch are relatively unchanged this morning. Not a lot of interesting price action in early trading anywhere. Asia is flat, with all indexes between -0.5% and +0.5%. Europe is slightly higher, with European Broad Market index at 0.4%. South Pacific stocks are also flat/mixed. In currencies, the British Pound is strong (especially against Asian … Read More
Traders Ask- Why the Discrepancy? (Midday Trading)
Bella, I have a question about trading midday. The lecture on times of the day (Day 15) seems to recommend giving extra room on the downside and the upside during midday trading: In most trades you need to give your stock a bit of extra room to both the downside and the upside. Your mentality is to find plays that … Read More
Trade Review CTXS
A new trader sent me his thoughts on his CTXS trading today (see chart below). Here is what I really like about his trading: a) He was in complete control of his trade. b) He does an excellent job of finding a way to be bigger for the next time he sees a similar set up. c) He is … Read More
Getting Started as an Active Trader
I was asked to speak at the TraderExpo next week by LightSpeed on this topic: Getting Started as an Active Trader. Here are my bulletpoints on what you need: 1. Domain Knowledge 2. Intrinsic Motivation 3. Critical Feedback 4. Purposeful Practice 5. Luck 6. Talent 7. Growth Mindset 8. Your PlayBook 9. Value-Add Environment 10. Mentor What do you think … Read More
SMB Webinar: Breaking Down Recent Trading Setups
SMB Webinar with Steven Spencer
SMB Morning Rundown – February 14, 2011
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
Morning Thoughts 2/14/11
Good Morning traders, World markets are mixed this morning. Asia sharply higher 1.2% to 2.7%. Europe is a little soft this morning, down an average of about 0.8% (broad European index -0.5%). We do have some decent sized moves in currencies to start the week: the Euro is weak (EURUSD EURJPY EURCAD all down) and NZD is weak. With the … Read More