I’m Seeing A Pattern

sspencerSteven Spencer (Steve's) Blogs3 Comments

As I view the list of stocks I traded today and their corresponding P/L I definitely see a pattern. GME, FDX, and NKE all green. APOL a big red. I have written many times about the value of trading stocks with fresh news. Stocks that we refer to as “In Play”. During earnings season there are a huge number of … Read More

A Silly Trade

sspencerGeneral Comments17 Comments

I highlighted what I thought would be the relevant range for AIG today in our morning meeting (34-36). My reasoning was that AIG needed an inside day prior to making its next large move. I was interested in getting long close to the bottom of the range and short close to the top. The market opened and AIG quickly popped … Read More