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
The PlayBook Webinar Series – The Breakout Trade in GS
Please join Mike Bellafiore, author of the “trading classic” One Good Trade, on Thursday, January 17th at 4:15PM EST for the free Webinar Series, The PlayBook. As always Mike will take questions and encourage participation. He will be discussing the Breakout Trade in GS. Click here to register for this free Webinar. Attendance is capped at 500, so make sure … Read More
I Hate Goldman Sachs
I don’t hate Goldman Sachs in the Matt Tiabbi, vampire squid kind of way. Most of the people I’ve known over the years who have worked there are good people (including Gman, who did a one-week stint right out of college before he realized he was a squid out of water :). My distaste is for the Goldman stock GS. … Read More