SMB’s Steven Spencer Named A Must Follow On Twitter

……………………………………………………………………………………………………………………………………………………………………………………………. Business Insider put together a list of the top traders to follow on Twitter. Among the best names in the world of finance, SMB’s Steven Spencer was included in the list of top traders to follow on twitter. You can follow Steve @sspencer_smb. You can also get daily trading commentary from Steve in our AM Meeting. Many SMB friends also made the list: @howardlindzon, @allstarcharts, @reformedbroker, @armotrader, Read more [...]

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Twitter Stock Down 18 Percent After Earnings Show Disappointing …

You’d think investors would be happy. Twitter just released its first quarterly earnings report as a public company, with revenue and earnings coming in significantly ahead of analyst estimates.And yet, as of 6:02pm Eastern time, Twitter’s stock had fallen 18 percent in after-hours trading. What happened? Well, the company also said that it now has 241 million monthly actively users — up 30 percent year-over-year, as the release says, but only up about 4 percent from last quarter. In other words, it looks like user growth continues to slow.In addition, Timeline Views, which are another indication of user engagement, actually fell 7 percent to 148 billion.The concerns make sense, but at the same time, the discussion feels like a big reversal. As others have pointed out, a …

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And yet, as of 6:02pm Eastern time, Twitter's stock had fallen 18 percent in after-hours trading. What happened? Well, the company also said that it now has 241 million monthly actively users � up 30 percent year-over-year, …

For more info: Twitter Stock Down 18 Percent After Earnings Show Disappointing …

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Twitter Stock Down 18 Percent After Earnings Show Disappointing …

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Pre-Market: Twitter, Yelp Earnings On Tap; Private-Sector Job …

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Following yesterday's slight rebound, stock futures dipped in pre-market trading today despite a better-than-expected private-sector jobs report. In earnings news, Twitter Inc (NYSE:TWTR) and Yelp Inc (NYSE:YELP) might …

For more info: Pre-Market: Twitter, Yelp Earnings On Tap; Private-Sector Job …

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Pre-Market: Twitter, Yelp Earnings On Tap; Private-Sector Job …

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Did you waste the month of January

Stop flirting from setup to setupStop flirting from one setup to another.Stop flirting from one time frame to another.Stop flirting from one indicator to another.Stop flirting and do the same things for months till you get nuances of it.In a day or a week you will be exposed to many new trading ideas and setups. Just because someone mentions IBD you do not drastically alter your setup and chase the new new thing.For beginner traders this is a challenge.Because many of us at beginning do not know what works and what does not work, we are susceptible to try every new thing. We are also gullible and believe anything and everything.If there is market direction change or few failed trades…

via stockbee:

Stop flirting from setup to setup

Stop flirting from one setup to another.

Stop flirting from one time frame to another.

Stop flirting from one indicator to another.

Stop flirting and do the same things for months till you get nuances of it.

In a day or a week you will be exposed to many new trading ideas and setups. Just because someone mentions IBD you do not drastically alter your setup and chase the new new thing.

For beginner traders this is a challenge.

Because many of us at beginning do not know what works and what does not work, we are susceptible to try every new thing. We are also gullible and believe anything and everything.

If there is market direction change or few failed trades we start flirting with other things.

The proliferation of blogs, books, forums, Twitter and all kinds of media creates constant temptation to flirt from one trading ideas to another.

Everyone is out to market there approach as the best approach with carefully selected examples to make their case.

If someone highlights a trade then everyone runs to it.

If some new book comes in everyone gets excited about it.

In the process several things are cursorily tried but no expertise is developed in one type of trading style or setup.

If you look at the month gone by and do honest self appraisal you will find that some of you have spent the month doing this.

A trading idea or setup is just a idea and unless you think deeply about it and convert it in to process it does not become part of your procedural memory.

Your task as a trader is to develop procedural memory.

If you want to trade say breakout you need to develop procedural memory for trading it.

That would involve your ability to run the entire process involved in breakout trading like scanning, identifying good setup from scans, putting stop, determining position size, determining target, exiting, and so on.

This is all part of procedural memory development challenge.

Similarly if you want to trade a IBD method first you need to develop a process flow and follow it for months or years before you hit jackpot. Most IBD kind traders take 2 to 3 years before they start making big money.

Simpler process flow like momentum burst are easier to follow and offer you a ready made template. That is why there is so much focus on process orientation on members blog. Every setup has to have well designed process flow that is transparent and easy to follow. You will see that my daily posts are constant reminders of process flow.

Procedural memory only develops after a considerable amount of doing same thing again and again using same step by step process. By doing that you develop procedural memory which becomes permanent part of your memory.

If you constantly flirt from ideas to ideas you will never develop procedural memory.

Individual trades do not matter. Learn process flows. If you learn process flow you will be able to replicate a trade or understand what is involved in finding a trade.

Once you understand process flow you will be able to build your own process template and make it efficient.

Process orientation is extremely important for developing procedural memory. Procedural memory is a memory of a procedure. It is stored in your brain as one muscle sequence. In a flash the brain can then recall entire process.

Once you become process oriented the cognitive load will decrease. Follow traders and people here or anywhere else only if they are transparent about their process flow.

Developing procedural memory is the key to becoming successful trader. Procedural memory is built through repeated practice.

But before you get to repeated practice you should have right process. Else you become good at wrong process and then you need to erase those procedural memories and rebuilt right procedural memory.

Procedural memories are enduring memories and we do not forget procedural things easily.

If you learned to ride a bike as child it becomes permanent part of you. Same way once you develop a setup specific memories they become permanent part of you.

Most of the ideas you will see around you in trading are rehash of some few basic ideas like breakout, pullbacks, pivots, mean reversion, breadth, trend following, momentum, growth investing , value investing, contrarian investing .

Take any of these ideas and convert it in to process and trade it for months till it is part of your procedural memory. If you wake up in the middle of the night you should still be able to do the process blindly without thinking.

The way procedural memory works is by embedding a muscle or thinking sequence in your memory. A complex task involving say 25 steps is stored in procedural memory as one unit (schema) and when performing the task it is recalled in an instant.

The more you focus your effort on process flow and developing procedural memory you will realise much of challenge in trading is not about intellectual tasks and learning new things, but it is about finding a niche setup and perfecting it to a level where it becomes permanent part of you.

That is pretty mundane task.

www.stockbee.biz If you are serious about your trading and want to build an enduring edge the Stockbee Member site might be for you. One of the most recommended site for learning to trade. 2200 members and growing everyday… www.stockbee.biz

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A Rough Start for the Overall Market, But a Great Start for Individual Stocks

We saw a very interesting day today on Wall Street. The overall market saw some distribution, which was not unexpected given the start of the new year and the run the market had in 2013. What was a bit odd was the number of individual stocks that didn’t seem to care that that market was having a rough time and just went up anyway, some a big amount. Solars in particular were very strong but there was action in a lot of names that has me holding some long positions here. I have two short positions on as well right now, not necessarily as hedges but as positions that I think can make money based on their charts. I saw some decent setups in my scans tonight as …

via Chart Swing Trader:

We saw a very interesting day today on Wall Street. The overall market saw some distribution, which was not unexpected given the start of the new year and the run the market had in 2013. What was a bit odd was the number of individual stocks that didn’t seem to care that that market was…

For the full article, please visit my website by clicking on the article title above.

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A Rough Start for the Overall Market, But a Great Start for Individual Stocks

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Loads and Loads of IPOs (Setups That Is)

One more day of trading left in 2013 and the overwhelming theme for me recently has been the IPO market. Perhaps this is all due to the overwhelming success (the last two days not withstanding) of Twitter, but my scans have seemingly been overpopulated by IPO bases for a few weeks now. I have traded some, but haven’t held them as I am still wary of a correction to start the year, something I will discuss in my next post on Wednesday. I really don’t know if all of these bases I am seeing in new names is a good thing or a sign of froth. The biggest problem with most of the charts below are that they are very, very thin and can trade in spastic ways….

via Chart Swing Trader:

One more day of trading left in 2013 and the overwhelming theme for me recently has been the IPO market. Perhaps this is all due to the overwhelming success (the last two days not withstanding) of Twitter, but my scans have seemingly been overpopulated by IPO bases for a few weeks now. …

For the full article, please visit my website by clicking on the article title above.

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Loads and Loads of IPOs (Setups That Is)

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FFindr! Paganello 2010: Amarcord. Ultimate Frisbee, Freestyle …

FFindr! Paganello 2010: Amarcord. Ultimate Frisbee, Freestyle …Nov 25th, 2013 · 0 CommentFFindr! Paganello 2010: Amarcord. Ultimate Frisbee, Freestyle … FB.Event.subscribe( ‘edge.create’, function(href, widget) _gaq.push(['_trackEvent', 'Facebook', 'like' , href]); ); } ); $.getScript(‘https://apis.google.com/js/plusone.js’); $.getScript(‘http://platform.twitter.com/widgets.js’); $.ajaxSettings.cache = asCache; via rimini beach italy – Google Blog Search:Paganello will celebrate its 20th edition on the Rimini Beach, Italy next April. dates: 1-5 April (Thu-Mon) [Easter is the 4th, welcome party on Thu, first game on Fri, finals on Mon]. how: registration is open and will close on November 18. just …For more info: FFindr! Paganello 2010: Amarcord. Ultimate Frisbee, Freestyle …rimini beach italy – Google Blog SearchFFindr! Paganello 2010: Amarcord. Ultimate Frisbee, Freestyle …Tags:ajaxsettings-cache · ascache …

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FFindr! Paganello 2010: Amarcord. Ultimate Frisbee, Freestyle …

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Paganello will celebrate its 20th edition on the Rimini Beach, Italy next April. dates: 1-5 April (Thu-Mon) [Easter is the 4th, welcome party on Thu, first game on Fri, finals on Mon]. how: registration is open and will close on November 18. just …

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FFindr! Paganello 2010: Amarcord. Ultimate Frisbee, Freestyle …

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Is Twitter a Short or a Long?

via SMB Capital – Day Trading Blog:

During our SMB Midday Recap we discussed:

1) Whether to trade $TWTR on the long or short side today

2) Our profitable short trade in $TSLA

3) An excellent risk/reward trade we made today in $WFM. This setup worked very well today whereas yesterday another long setup in WFM. They call it trading

See our video below for access to our proprietary training session with our developing prop traders.

You can be better tomorrow than you are today!

Mike Bellafiore

One Good Trade

The PlayBook

No relevant positions

Find Your Trading Confidence in Just Ten Weeks

Discover the principles of elite performance and the eight

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Is Twitter a Short or a Long?

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