In this video Steve discusses stocks with strong catalysts that can lead to high reward low risk second day plays. Stocks covered in the video include FDX, ORCL, BIIB and PCYC. Steven Spencer is the co-founder of SMB Capital and SMB University and has traded professionally for 17 years. His email is [email protected]. No relevant positions
Is There Power in Negative Thinking?
Is it productive to think negatively as a trader? Bobby Knight, National Collegiate Hall of Fame coach, thinks so. Coach Bobby Knight says that when he first started coaching one of the worst things he would hear was “It will be O.K.” Not only that, Knight says, as he did in a recent New York Times interview, that “the worst … Read More
NFLX Buyers Running the Show
In yesterday’s AM Meeting we talked about NFLX. It appeared to be getting ready for an explosive move. The narrowing of its trading range as well as several tests of both the top and bottom of the range set it up for a large move when it finally broke. I laid out the bear case on a break through 180/179 … Read More
Forex Training: How Long Does It Take To Get Good?
I get this question all the time and it is a good question. People these days don’t have the time to invest years in this business unless it proves to be financially rewarding along the way. There are so many educators and so much information available today, yet it doesn’t seem to change the well known failure rate. So what … Read More
Art Therapy for Your Trading
I received an awesome email teaching me about an interesting concept for our trading: art therapy. I thought I would share it with the trading community. Last time on your webinar you asked what is art therapy? It’s kind of like when a kid goes to a child psychologist and in order for the psychologist to figure out what’s going … Read More
Crackberry is Back!
My best stock in 2007 was RIMM. It had an incredible run trading up over 400% as AAPL made the world believe that smartphones were going to become a mainstream consumer product. The massive move in RIMM offered a multitude of short term trading setups. Several years later after the smartphone market exploded it was clear that there were two … Read More
I am a Simpleton
AM Meeting Synopsis: FDX is gapping lower on reduced guidance. Looks like it is going to open around 82.50, which is longer term support. Look to trade short below that level but if supports there look to trade long above 103. The Open: FDX opens just below 102.50 so initiate a short. Maintain the position until the downtrend is broken. … Read More