Lesson 1: Trading is Decision Making

bruce.bowerBruce Bower, General Comments, Trader Development, Trading Lesson, Trading Psychology1 Comment

Lesson #1 : Good trading is about good decision-making Last week, I wrote up seven lessons that I’ve learned about investing and trading over the past few years. That was an overview of some of the more interesting and surprising things that I’d come across in my journey in the markets. As a continuation of this series, I’m going to … Read More

Trading Education: Will Adobe Correct Through Price or Time?

smbcapitalSMB Video Blogs, Steven Spencer (Steve's) Blogs, Trader Development, Trading LessonLeave a Comment


Steve Spencer, partner at SMB Capital, discusses an ADBE trade he’s been in for a couple of months. Highlights from this trade: 1) Stocks correct through price or time. 2) Signals to enter a counter trend trade. 3) Knowing when to get out of an extended stock. Steven Spencer is the co-founder of SMB Capital and SMB University which provides … Read More

Trading Lesson: 2nd Day Trade—$ADBE

sspencerGeneral Comments, Steven Spencer (Steve's) Blogs, Technical Plays, Trading LessonLeave a Comment

Adobe (ADBE) announced their earnings recently and the stock had a big change in price the following day. The stock had heavy volume, which is something I look for to setup a trade for the next trading session. This is one of the easier trades we teach in our training program and it’s called “2nd Day Plays”. After a stock has some type … Read More

Trading Lesson #1 (Again): Buying A Strong Stock At Prior Day’s Afternoon Support

sspencerSteven Spencer (Steve's) Blogs, Trading Lesson2 Comments

About a year ago I wrote Trading Lesson #1 offering a safe way to buy stocks that had shown strength the prior trading day. Let’s take a look at the price action from DECK today, which was discussed in a separate post yesterday on information flow. DECK showed huge relative strength yesterday to the market taking out two important resistance areas from … Read More