FDO gapped down and then made a sharp downmove on the open. I caught some of the downmove with a Momentum Trade. But then the momentum short was over and I had a decision. Do I look to trade $FDO for a bounce or for a continuation move? I chose the former and will explain w1hy. The market has been … Read More
The Forex Road Map
When new traders enter the forex market, they install their platform of choice and then ask the following question, “How do I know which way my forex pair is going?”. They usually seek the answer by immersing themselves into the world of confusion. Amazingly enough, newer traders already come to the game with the preconceived notions that their brokers love. … Read More
Trading Lesson: $HLF
In this video Steve offers two trading tips on how to improve your results. 1) The importance of being present throughout the trading day 2) Using tape reading to add to a position in a very low risk way Steven Spencer is the co-founder of SMB Capital and SMB University and has traded professionally for 16 years. His email is … Read More
Forex Trading Realities: The Ebook
I wrote a 38 page ebook titled, “Forex Trading Realities” and wanted to take a moment to let you know what it is about and why I wrote it. The retail forex business in which we are a part of is infamous for misleading information, misguided analysis and trade stimulating ideas offered by brokers, marketers and others trying to profit … Read More
AMZN Trade Prep From December 18th
Here is a snippet from December 18th 2012 AM Meeting where Steve Spencer discusses his thought process in AMZN. SMB has never believed in the idea of a “stock picking” service. Professional traders become profitable through building a variety of skills over a long period of time. However, listening to the thought process of a seasoned professional with 17 years … Read More
A Stock May Trade Higher When New Competition Enters Their Market
On December 12th CSTR announced they would be starting a streaming service in competition with NFLX. My initial reaction was a smile and a bit of a chuckle. CSTR has been doing very well for the past few years offering $1 DVDs at supermarkets. A simple business model that was leading to good cash flow. Now it was going to … Read More
Guest Post: “Reversal Rehearsal” $DG
This guest post from experienced futures trader Bruss Bowman provides an excellent example of how to incorporate higher time frame price action into a possible lower time frame trade. It is clear from the post that Bruss in a methodical thinker who is also flexible in his thesis if price behavior fails to confirm. Reversal Rehearsal: Stock Study in DG … Read More
Forex: Are Futures better than Spot?
These days traders have so many choices in terms of what instrument they want to use to express their opinion in the markets. There are mini futures, cfds,spot, ETFs, and regular futures contracts not to mention traditional stocks and bonds. So spread capital amongst all these products and combine that with a general lack of trust from the general public … Read More