Today I live tweeted @stocktwits and traded TRV. Below are my tweets and an expansion on my thinking. I have attached the intraday chart for your review as well. –What I saw here was auto buying at 78.60. Anytime someone offered 60c that offer was cleared immediately. We say there was a “hunt order to buy” at 60c. Once an … Read More
How Do You Distinguish a Good Trade From a Loser?
Hi Bella, I just read your recent post talking about the “All-In” trade on the SMB blog. Although my trading experience is limited (less than 3 years), I have on occasion seen these types of SEE IT trades. The most recent example was this past Friday in $LIFE. I know Steve kept the community in the loop that day & … Read More
CNBC Made Me Do It!
Here is an interesting comment from a reader in response to my blog post “My Thought Process: LIFE” Steve, Thank you sir for your thoughts. I constantly look for your tweets during the day. I don’t know why I bought so many books in the past. I have learned a lot from your generosity. I turned LIFE green into red … Read More
You are not a consistently profitable trader YET
I made a mistake the other day. I told someone from SMBU that everything he touches gets better. I demotivated him with my words. I have written in a past blog post, Do Not Say Practice, about the power of language to motivate traders. This idea was discovered from the work of Dan Coyle on his blog The Talent Code. … Read More
I am All-In (a new trade)
I have been thinking about a new trade, I am All-In. I have been thinking about this trade for a few years and how it would work. One of my guys during his review after the close on Friday is working on it. Let’s start by reading his review (edited). I went for it with an A+ trade. I had … Read More
My Thought Process: $LIFE
It isn’t my regular practice to “Live Tweet” when I’m involved in actively managing a position. By nature I am not a good “multi-tasker” (don’t get my girlfriend started on that topic 🙂 ). But LIFE was so In Play today that I wanted to share some of my thoughts and actions right as the market opened for trading. So … Read More
Breakout Trade in GS- A Preview for our Webinar
This is a text book example of a Breakout Trade with GS above 139.50. We call this an Opening Range Breakout Trade to be most exact. With HFTs these trades do not work as well as they did in the past. When a stock has fresh news and the level is huge then this breakout trade is more likely to … Read More
January 16th Pre-market Analysis–$GS $HLF $AAPL $FB
Each morning prior to the market open Steven Spencer breaks down the best trading setups for SMB’s trading desk based on news, technical analysis, and pre-market price action. Highlights 02:23 GS analysis and key prices to watch for possible trades 10:50 HLF and two key levels to watch for potential plays 12:00 Figuring what days to trade stocks like HLF … Read More