In this short clip from Friday’s AM Meeting I discuss why I’m looking to build a long position in CIEN. Being on the lookout for stocks that have enormous longer term upside are what helped me focus fairly early on FSLR, GMCR, NFLX in late 2012 and CREE in 2013. Steven Spencer is the co-founder of SMB Capital and SMB … Read More
The PlayBook Checkup: Scalping a Range Before the Drop (PowerPoint Edition)
Below is our newest installment of the 2014 edition of The PlayBook Checkup with Bella, author of One Good Trade and The PlayBook. During these sessions a trade archived by a Junior Trader from our desk will be reviewed by Bella. Attendance is free for SMBU Tools subscribers, who can also ask questions during the event. See this review in PowerPoint: Scalping a Range Before … Read More
The PlayBook Checkup: Scalping a Range Before the Drop (Video on Demand)
Below is our newest installment of the 2014 edition of The PlayBook Checkup with Bella, author of One Good Trade and The PlayBook. During these sessions a trade archived by a Junior Trader from our desk will be reviewed by Bella. Attendance is free for SMBU Tools subscribers, who can also ask questions during the event. See this review with Video on Demand: Scalping a … Read More
Enhancing Trader Performance with Brett Steenbarger
*****David Blair, The Crosshairs Trader, is a blogger/trader/educator who does a wonderful job of sharing research on elite performance and how it relates to trading. Below is his latest post for the SMB trading community.***** — Editor’s Note In the past week Brett Steenbarger, well-known trader and psychologist, announced his return to the blogosphere from a multi-year hiatus. For years, Dr. Steenbarger … Read More
Unveiling the Love Story of Options Trading: Confessions of an Options Geek
We had an ice storm on the East Coast this week that knocked my Internet service off the grid and shut down electricity throughout the area, and so I wandered through the city whose infrastructure had failed me as snow and ice fell around me. From home to office to a soccer-mom-filled Starbucks, I finally made it to my daughter’s … Read More
A News Pattern Trade: Full Year Beat or Miss
I am a pattern trader. Technical pattern trader. Tape pattern trader. News pattern trader. Whatever the pattern that makes sense to my trading brain, my risk preferences and trading sweet spot that gives me an edge in the market. For the patterns that make the most sense to me I build a PlayBook. One play in my PlayBook is the … Read More
A Trader’s Contract
Jimmer Fredette was a star college basketball player, a Naismith College Player of the Year. A couple of years ago I wrote a blog post about a contract he signed with his brother to play in the NBA. I__________________ will make all necessary and proper sacrifices to reach my ultimate goal of making it to the NBA. ________________ ______________________ Name (Signature) … Read More
Traders Ask: How Do I Overcome My Fear of Failure?
Hi Mike, It’s been a long while since we’ve been in touch and even longer since I was with the SMB team (edited out praise that could be perceived as self-congratulatory). During my time in California I have made great strides in building a couple of trading strategies. I have been keeping a journal of my strategic development, and while … Read More