Please join us this Thursday February 23rd at 4:15 pm EST on a Q&A session with Mike Bellafiore,author of the “trading classic” One Good Trade. Mike will be hosting a question and answer session for traders. Come and ask him whatever you are most curious about. What is his favorite set up? What is his trading style/philosophy? Why did he start SMB … Read More
One Easy Trade (ANF)
After our 11AM Open review a trader approached my desk. “Bella can I ask you a question?” “Yes.” “Do you think I should add here to ANF?” (Abercrombie & Fitch Company) I looked at the chart, saw it trending cleanly above the important 41.50 technical level, spotted a target entry at 42.11 and a definable exit at 41.94, found room … Read More
When to Lighten Up your trading position
P, Pandera Media Inc (NYSE), popped from 13.70ish to 14.30ish and started to flag. When it broke above the consolidation of the flag I sought to buy a pullback. And I did at 14.43 and 14.41 with a stop of 14.24. P found higher ground and looked like it could push towards 15. But then there was a pullback that … Read More
Copy this trader (episode 2): An SMBU Blog production
Yesterday in our first series of “Copy this trader” we highlighted the best practices of an SMB Trader to copy. We are back at you with some more goodness from the desk. continuing to focus on whats working for me which is finding the sector thats showing relative strength or has fresh news and finding the sympathy plays in the … Read More
February 3rd Gameplan Review
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