SMB Capital Stocks In Play Call Review. Each morning before the market opens we discuss the stocks that we believe will offer the best risk/reward trading opportunities intraday. Today’s review featured GILD, APKT and IDIX gameplan feb 3rd Steven Spencer is the co-founder of SMB Capital and SMB Training and has traded professionally for over 15 years. His email is … Read More
Copy this trader
A decent day for me to start the month of February. I have experimented a lot of new trading techniques today, and added more elements to my trading. For example, trading a high beta, in-play earning stock like AMZN. In fact, 1/2 of my daily P&L was generated from AMZN today. 178 was the pre-mkt level we had discussed in the … Read More
Can You Tell The Difference?
There are three ways short term traders lose money: incorrect analysis, expectancy (a certain % of trades just don’t work), or making trades based on emotion (this one is a biggy for most). Take a look at the price action from GMCR and QCOM after they reported earnings. Since the initial down moves on the Open one has been a … Read More
Free Options Webinar: SMB’s Options Tribe: Tuesday, February 7, 2012 at 5pm EST: Scanning for Options Opportunities
Tuesday February 7, 2011 at 5:00 pm Eastern Standard Time SMB’s Options Tribe is an online community of options traders dedicated to sharing successful options trading ideas with all of our members worldwide. Each week the community will meet online for the primary purpose of watching live presentations made by veteran options traders and experts in the world of options … Read More
The AMZN Trade
Here is the followup from my earlier post titled “The Value Added Tweet“. I will break down my thoughts in bullet points to move this along so I can try to get some sleep. AMZN has a history of being bought on large gap downs after earnings. Even if it doesn’t fill gaps it still is capable of having large … Read More
The Value Added Tweet
I have been on Twitter for for almost three years and have tweeted about 2,000 times. I have found Twitter to be an extension of my personality for the most part. I tend not to offer ideas unless they are well thought out and therefore feel comfortable sharing them with others. I am amazed at the almost stream of consciousness … Read More
Traders Ask: Did I Give Back Too Much of My Open Profit?
Hi Mike, I haven’t hit you up for a trading question in awhile, hoping you have a couple minutes to share your thoughts on a trading issue I’m wrestling with. I am trading only 100 share positions, trying to gain consistency in my day to day efforts before increasing size. I’m wondering how you teach your new traders to manage … Read More
The Trader’s Journey: How Long Before You Feel Comfortable and Competent?
I just watched Mike’s presentation in Georgia Tech and I have a question that I hope Mike could answer. He was talking about how he would feel at ease practicing basketball. I played competitively for 12 years and I know exactly what he is talking about. The court is like my home and I feel an inner peace and happiness whenever … Read More