POT has been a pretty good trading stock recently. After putting a double bottom in place on June 8 it traded up about 10% before establishing a fairly wide trading range between 98 and 101.60. Today it close below 98. I will look for more downside tomorrow using 98 as my initial short price in the morning. I’m looking for … Read More
SMB Morning Rundown – June 22, 2010
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
Traders Ask: How Do I Make Adjustments?
I received the following email from trader Angel: Hey Mike! I hope that my email finds you well. I have topic that may benefit some other readers as well. It’s about re-inventing the wheel. Back in april and early may I was trading very well. I had multiple $1,000 days and even a $3,000 day. However, when the volatility increased … Read More
SMB Morning Rundown – June 21, 2010
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
Hot Topics in Proprietary Trading
Steve Spencer discusses the hot topics facing proprietary trading in this Wall St. Cheat Sheet interview.
SMB Morning Rundown – June 18, 2010
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
An Intraday Reversal (BP)
Tuesday night news hit that a government investigation determined that BP had been spilling closer to 60,000 barrels a day in the Gulf instead of the 35,000 previously thought. This same night President Obama delivered harsh words for BP during his presidential address. The news was very negative for BP heading into today’s session. I started a short position after … Read More
Steve Spencer Interview with TraderInterviews.com
An exclusive interview with Steve Spencer on TraderInterviews.com. Steve discusses the importance of tape reading combined with chart reading for money-making results. A must listen to interview!!!