Trading Lesson: Shorting A Momentum Stock–TSLA

sspencerSteven Spencer (Steve's) Blogs, Trader Development, Trading Theory2 Comments

In this video I discuss a short setup and trade I made on Friday March 27th. The trade lined up on multiple time frames and presented a good opportunity for intra-day, swing and options traders. Steven Spencer is the co-founder of SMB Capital and SMB University which provides trading education in stocks, options, forex and futures. He has traded professionally … Read More

What Is “Price Action” Confirmation?

sspencerGeneral Comments, Steven Spencer (Steve's) Blogs, Trading Ideas, Trading Lesson, Trading Theory1 Comment

I wanted to share a few trades that I executed this morning based on setups discussed in our AM Meeting. Two of the three trades were executed using programmable “scripts” to make it easier for me to manage many positions simultaneously. Once these positions are opened I can trade out of them manually or allow the scripts to continue to … Read More

The Essence of Short Term Trading

sspencerGeneral Comments, Steven Spencer (Steve's) Blogs, Trading Lesson, Trading TheoryLeave a Comment

I have been spending time since this morning reviewing trades going back to the beginning of the year. In this video I outline several factors that short term traders use on a daily basis to accurately predict short term price movement. In recent months I have begun to use “scripts” to take advantage of these predictions. In the near future I … Read More

Who’s Running The Ship?

John LockeGuest Blog, Health and Trading, John Locke, Options Education, SMB Options, Systems Trading, Trader Development, Traders Ask, Trading Ideas, Trading Lesson, Trading Psychology, Trading TheoryLeave a Comment

When you think of a large cruise ship and the way that it’s run. Who runs the ship, the captain or the crew? If you’re like most people you would say the captain….. and you’d be wrong.  As you think about all the things that need to be done on the ship, keeping the engines running, taking care of all … Read More