Now is a good time to look back at the #NewNormal and discuss possible trading patterns for US equities for the remainder of 2013. The #NewNormal was a description I came up with in late 2012 to describe the slow steady grind higher in US equities that was rarely interrupted by periods of higher volatility. This state of the market … Read More
The Playbook Is On Its Way to the Printer!
Exciting news! Mike Bellafiore’s new book, The Playbook, has been shipped to the printer. The publication date is July 17, 2013, but you can pre-order the book now. Once you receive it you’ll be able to take advantage of some special offers. Offer One: Receive recordings of The Playbook Webinar There are 10 Webinars in all. You will also be … Read More
Looking For The Bounce
This morning I messaged on StockTwits that I was long SPY for a bounce play. Here are the messages time ordered. The original reason for the SPY long was a combination of how quickly we had moved from SPY 165 to 161 and my long positions showing relative strength to the SPY. Many times when I see this type of … Read More
Questions on Consistency and Scalability
Steve- Thank you for a great presentation on Tesla last week. I subscribed to the blog for a few months now, but your class was my first real exposure to SMB. It is refreshing to come across a professional trader, not just a professional instructor. I have a couple big picture follow-up questions from the class I hope you will … Read More
Why I Bought TSLA Today at 98
I sat down at my trading desk at 7:45AM and noticed TSLA was down off of the negative article in Barron’s, near a nice technical level at 98, and I bought it. I shared this with the trading community. As TSLA started to work from this 98 level I added. I shared this with the trading community in real time. … Read More
Training Session with Steve Spencer: Three Trades on $TSLA
The price action in $TSLA from the past six trading days does a nice job of demonstrating three distinct types of trades. Not all trades makes sense to all traders. But if as a trader you can figure out which of these trades fits your personality best and then build a detailed trading plan on how to attack it next … Read More
SMB Forex and Futures Weekly Analysis for 6/10
In this segment Marc Principato, CMT analyzes possible price action scenarios for the S&P 500, EUR/USD, GPB/USD and AUD/USD. This analysis is good for the week and focuses on larger time frame opportunities. To learn more visit: bit.ly/smbhome — Marc Principato, CMT, Risk Disclaimer *No Relevant Positions
The Power of Deliberate Practice for Trading
Mike, I’ve recently been in touch with SMBU regarding the SMB Foundation/Trader Development program and will be starting, military hours permitting, in the next couple months. I read your book (One Good Trade) and listened to any videos/interviews I could get my hands on that had SMB Capital in it and, and after taking your advice from your book, I … Read More