Trading AAPL Tomorrow?

sspencerSteven Spencer (Steve's) Blogs, Trading IdeasLeave a Comment

If you would like to learn how to think like a professional trader pick up a copy of The Playbook today! Top 10 in Amazon Finance and from the author of One Good Trade the #1 Trading book in 2010. Here is my thought process going into tomorrow’s trading for AAPL: AAPL initial reaction was positive due to a combination of lowered … Read More

NFLX is the New AMZN?

sspencerSteven Spencer (Steve's) Blogs, Trading Theory1 Comment

Netflix is the new Amazon. What does this mean? It means for the foreseeable future hedge funds will step in and buy this name on every large dip and it will continue to have huge breakouts after periods of consolidation. Why is this the case? In the case of AMZN it got enough large players in the market to buy … Read More

Muscle Memory and Patience–Trading $ACAD

sspencerGeneral Comments, Steven Spencer (Steve's) Blogs, Trader DevelopmentLeave a Comment

I like to say that stocks have “muscle memory”. There are several possible meanings for this expression: 1) A stock will repeat a strong move from a particular inflection point–this applies to both intra-day and daily levels; 2) A stock will move with a particular “cadence” intra-day that can be gamed to the trader’s advantage (or ignored to their detriment); … Read More

Reviewing the SMB Archives

smbcapitalGeneral CommentsLeave a Comment

In August and early September, the market seemed to rotate around two distinct type of trading days: 1. The momentum panic day, driven by major news, with lots of volume in the SPY 2. An uptrending grind or ‘melt-up’, characterized by a wide ranges, low volume and steep pullbacks that would shake a lot of traders out but seldom break … Read More

What are your trades in MON? (The answers)

BellaMike Bellafiore's (Bella's) Blogs2 Comments

Non-experienced traders should not be trading MON during a conference call.  Experienced traders not listening to the conference call should not be trading during the conference call.  Experienced traders who do not know a great deal about MON should not be trading this during the conference call.  So this was a bit of a trick question (couldn’t fool @thearmotrader). But … Read More