BHP was gapping lower and trading very actively in the pre-market. This message was to highlight it would be one of the best stocks to trade on the Open and my bias would be informed on which side of 78.50 it started the day. I initiated a short right on the Open against a 78.36 seller. This was the first … Read More
My thought process for TRV
Today I live tweeted @stocktwits and traded TRV. Below are my tweets and an expansion on my thinking. I have attached the intraday chart for your review as well. –What I saw here was auto buying at 78.60. Anytime someone offered 60c that offer was cleared immediately. We say there was a “hunt order to buy” at 60c. Once an … Read More
January 16th Pre-market Analysis–$GS $HLF $AAPL $FB
Each morning prior to the market open Steven Spencer breaks down the best trading setups for SMB’s trading desk based on news, technical analysis, and pre-market price action. Highlights 02:23 GS analysis and key prices to watch for possible trades 10:50 HLF and two key levels to watch for potential plays 12:00 Figuring what days to trade stocks like HLF … Read More
The PlayBook Webinar Series – The Breakout Trade in GS
Please join Mike Bellafiore, author of the “trading classic” One Good Trade, on Thursday, January 17th at 4:15PM EST for the free Webinar Series, The PlayBook. As always Mike will take questions and encourage participation. He will be discussing the Breakout Trade in GS. Click here to register for this free Webinar. Attendance is capped at 500, so make sure … Read More
Trading Lesson: $HLF
In this video Steve offers two trading tips on how to improve your results. 1) The importance of being present throughout the trading day 2) Using tape reading to add to a position in a very low risk way Steven Spencer is the co-founder of SMB Capital and SMB University and has traded professionally for 16 years. His email is … Read More
AMZN Trade Prep From December 18th
Here is a snippet from December 18th 2012 AM Meeting where Steve Spencer discusses his thought process in AMZN. SMB has never believed in the idea of a “stock picking” service. Professional traders become profitable through building a variety of skills over a long period of time. However, listening to the thought process of a seasoned professional with 17 years … Read More