* No relevant Positions
Should you quit trading?
Hey Mike, How are you? Everything at SMB going well? Life outside of work is good? If you have the time, I could use some advice. I have now been trading about 10 months at (firm deleted) and learning from one of the best traders. For our style of trading, the firm as a whole finds this to be one … Read More
S&P/FX Trade Example
I talk a lot about the intermarket relationship between the S&P 500 Index futures, and the EUR/USD forex pair. The relationship is typically, S&P goes higher, EUR goes higher. There are fundamental reasons for this that I am not going to go into here. What I want to do here is highlight a particular condition that appeared in the S&P … Read More
One Netflix Trade
NFLX has been in play since the huge move on Thursday. I looked to trade it on the short side on Friday as it was overextended and had a powerful Opening Drive to the downside. It ended trading off about four points from its high but failed to close below 81 which had been a key support level on Thursday. … Read More
Two SPY Trades
I don’t trade the SPY on a daily basis. But I have a few “go to” trades that I will make when they trigger. Fade a pullback to a recent S/R level in the direction of the higher time frame trend (Trade2Hold) Fade a pullback to a recent S/R level against the direction of the higher time frame trend (Scalp … Read More
Beware the Hedge Fund
Steve Spencer discusses with Fox Business how funds will push momentum stocks around to try to outperform the market. Watch the latest video at video.foxbusiness.com
What Is The Best Preparation To Be A Trader?
You want to be a trader. Maybe you’re just starting out in the working world or maybe you’re considering a career shift. Nonetheless, you know one thing will all of your being—you want to make it as a trader. There could be a host of potential reasons, all of which make sense. You want to swing around huge positions and … Read More