The Trade They Won’t Teach You

Learn the top 3 trade setups we are using on the desk here: smbu.com/KZbin
#smbcapital #stockmarket #daytrading
SMB Disclosures www.smbtraining.com/blog/smb-...

[@georgekatcharava6087]

i hate people who are ignorant and make a comment on something they don't know what they talk about. i took all their educational programs and they are indeed the best trading firm on the planet! i am very grateful from Steve and Mike and what they have done for trading community! this is a complementary video as to how prepare for trade. if you want to be pro and make a ton of money you need to do so much more! you need to take their program and really understand the concepts in and out and then you can make it but i honestly don't think anyone who is not open minded can make it happen. but if you are i promise SMB is best in the world and Steve and Mike are unbelievably great in every aspect of trading! i am extremely grateful of what they have taught me!!!

[@s_w_c]

George, I agree with you, they are really good at what they do. Could you talk a bit more about the DNA. Were you debating whether you should take it or not? What did you like/didn't like? Etc. Thank you.

[@smbcap]

@sam chump I have no idea who they are but appreciate at their kind words. Our compliance department wouldn't allow us to pay for reviews even if we wanted to! 😂

[@smbcap]

Thanks! We have pretty thick skin. Been trading for over two decades and have built one of the most successful trading desks in the world...

[@georgekatcharava6087]

@@s_w_c i honestly didn't debate whether it was something i wanted to take. It was must for me after watching smb videos from youtube. after watching mike and steve and what they talked about trading it all made sense to me. i was instantly hooked. DNA is really good program to start with! I also took winning trader and options foundation, reading the take and foundation. If you really want to be pro, you must pay close attention to every detail that is presented in these programs. steve spencer is single best short term trader i know! hands down! every day watching his AM meeting is like guide to me what to do and even more importantly what not to do and avoid. he is top dog when it comes to short term trading!

[@georgekatcharava6087]

@@s_w_c i will also say this. DNA is just the beginning. if you really want to be pro you need to do a lot of work. i mean you need to pay close attention to every detail that is taught... but don't expect to be very successful right away though. it takes time and you need to get better every day. i personally get better every day and learn a lot every day and see the progress unfold right in between in my eyes every day which is huge. even after completing DNA and other programs, i still make a lot of mistakes but i know that i made those mistakes and write them down and work hard to not to repeat it every day. but at the end i see huge improvement in my trading which i love and very excited about it. if you have any specific questions don't hesitate to ask me.

[@chr971]

Steve's videos are totally on different level in terms of clarity and insights. We need more Steve please!

[@Posterharpua]

the big picture stuff that SMB capital focuses on for generating context and conviction around their trades is truly exceptional. These guys are absolute pros and it shows when you watch them analyze a trade. you don't get this kind of analysis from anyone else.

[@joamo7701]

Thanks for sharing! Free tidbits, warm solicitation, and welcoming! 👌🏼

[@razzyp3999]

Beautiful Mr Spencer... beautiful! EPS below estimates... understanding price levels..2nd day markets going up... stock selling off.. institution are dumping. Learning heaps! Love it !😊👍

[@rkatz0]

Well Spencer, you have done it again! Thanks, great stuff.

[@RJSLIVEE]

This is by far the best trading KZbin channel there is on KZbin and I have searched around! Over the last couple of months you guys videos have truly helped improved my trading career tremendously and for that I would like to express my gratitude with this comment! Keep dropping these videos, I am extremely surprised how under the radar the channel is but I am assuming it is because it’s actually setting you up for an amazing trading career Instead of the next “Hot Stock”.

[@smbcap]

Thanks for the kind words. Trading successfully is extremely difficult so our approach is to share as much as possible about process and not so much bright shiny objects. It has taken many years for our traders to develop into consistent seven and eight figure traders and there really are no shortcuts.

[@johnohara1433]

Great presentation. aside frombeing so knowledgeable and well-spoken you have a nicer vibe than the other guys who have a colder, arrogant way about them.

[@joefeinstein6804]

great and simple plan - love it, thanks

[@ztulsydridu4564]

Such a noteworthy lesson! Going on the playlist!

[@smbcapital]

thx Bryant!

[@demetriusm8221]

This is the standard in the trader's education space. No doubt. No question. SMB Capital is the best. If I were 20 years old, I'd do EVERYTHING I could to get onto their desk.

[@smbcapital]

thx! much appreciated

[@demetriusm8221]

@@smbcapital Any time!

[@Mybetterbasics]

Why only if you were 20 @demetrius?

[@dooleyh158]

I really like Spencer's fundamental analysis because it complements the chart patterns well. We have to remember that there are human beings behind those patterns and the price moves based upon sentiment.

[@abrahamandy9443]

Yea you so right.Wanna join a teamm of cry:pto investos h!t up W=H=A=T=S=A=P=P +1=2=0=1 =3=0=5-=0=7=9=1

[@alex00775]

Steven, how would you identify the inflection?

[@jayhayden9838]

Steven, TY for taking the time to really get in to some of the nuts and bolts of the 2nd day trade setup. looking forward to trying it out and see what i need to do to tweak it to work for me. Would you consider doing a quick 5-8 minute vid on how to find the 'inflection' point of the stock with the catalyst, as it seems sometimes a bit complicated to separate the inflection from a support or resistance zone?

[@smbcapital]

thx for the suggestion Jay

[@fernandoguerra9471]

Great Coaching Steve. Thanks.!

[@s_w_c]

Steven is the best! Thank you for all the nuances you teach us. +10 000 point to your Good Karma!

[@smbcap]

thanks!

[@smbcapital]

thank you!!

[@loreall.2461]

Wow! Excellent training video, thanks a gazillion. As a relative newbie, I’ve been stymied by fluctuations in trading around some earnings and the institutional side that is presumably driving price action as the broader market is going in an opposite direction. A better understanding of earnings values will no doubt improve my understanding.

[@sterlingking1243]

Great Video! I’ve added this to my playbook. Quick question Steve-I wanted to implement this on PDD, but I’ve noticed that the institutional ownership is only 44%.: Does institutional ownership play a big roll (if any) in this? PDD had earnings this AM, and ran exactly like this video, but at 11am, news came over the wire that PDD overtook BABA as top e-commerce platform in China and PDD ran back up into S1. Would you keep as swing lower or just watch? Blackwallstreet

[@HawkIjr]

Looking to add the news plays to my tool box. In my first year of trading, it seems that news plays seem to have above average moves. Thanks for sharing!

[@byronfield4590]

You guys are always adding value !!!!

[@smbcapital]

thx Byron!

[@JamesWilliams-qn5cq]

Tight !! Fantastic Analysis & Kick-Azz Commentary. Thx a Ton 4 the Post, Señor Spencer.

[@smbcapital]

you got it James!

[@ivan11h]

How do you draw these levels?

[@jayharrison3661]

Thanks for great video! Would really like to hear more about how experienced traders react to the velocity (0r the aggression) of movement with the candlesticks on multiple timeframes (but esp intraday) Blow off tops/strong directional movements/fake outs.

[@smbcap]

Good question. I'll add it to the list! 😉

[@simonhuber6859]

That's like so complex, but super useful! Do you have this in written form somewhere to share? Also, I wanted to ask whether can one get a copy of a Playbook of one of your traders?

[@cchoi108]

Okay, this is pure gold. This 100% makes sense to me. So how did you pick your profit targets on day two, given that it just tanked at the open?

[@jesseanderton2]

Thanks Steve! Very nice insight!

[@smbcapital]

you got it Jesse

[@andrewj4426]

Great Lesson. Do you guys have a service calling out these movers and levels in real time?

[@smbcapital]

We have SMB Trader 90 which gets access to SMB Real Time where you can see positions of of our top traders and when they close / reduce / or add to them.

[@davidkeill]

Great information as always. I try not to miss any videos by SMB. Thanks to all of you for sharing this.

[@smbcapital]

thx David!

[@andrewkelly8696]

Thank you always a great lesson much appreciated

[@smbcapital]

thx Andrew!

[@hansbraun2726]

I apologies if I missed it but why didn't you short near open when it lost S1 the first time?

[@rafaels3363]

Another Gold Video. Thank you.

[@smbcapital]

Glad you enjoyed it

[@Rasinnicus]

Excellent video

[@jonpetermanre]

Fantastic video!

[@smbcapital]

thx Jon!

[@peterp4753]

Very good explanation, thanks.

[@joannahuc1318]

Thank you for another great valuable info.

[@smbcapital]

Our pleasure!

[@Silviabellrock]

Great explaination, catalyst matter :)

[@smbcapital]

yes they do!

[@radjared]

Great video again Steve

[@smbcapital]

thanks J

[@mattbella12]

Good information. From my understanding analyst like to see operating cost, R&D expenses and other liabilities decreasing Q/Q along with consistent increasing revenue. Less liabilities mean more net profit. I heard that long term investors feel that a debt/equity ratio of under .5 along with a PEG ratio under 1 and strong foward guidance is what some big investors consider financially stable and undervalued.

[@8thhousealchemist600]

True, prior to 2020 investors use to considered PEG ratios over 2 to 2.5 indicated the equity was overvalued. A PEG ratio around 1.5 was just right. Now we see crazy PEG ratios over 20 with companies with very little production and all fluff.

[@mattbella12]

@@8thhousealchemist600 yeap. I was looking at $HOME back in early 2020 when it was priced under $5.00 on the market because the PEG ratio was under 1, and there was other factors at play too, just cant remember all the details. That stock is up 500% ever since. Its over $25 now. Thats just 1 example of dozens. Ive never actually put money into them but wanted to test the strategy and that financial metric and it has worked out an extremely high percentage of the time. I like intraday trading, but if I were a longer term investor or multi-month swing trader then I would definitely use it as a go to metric.

[@ricomajestic]

Yea but is that the same for all companies. What do analysts look for in growth companies and in value companies? Would love to understand how analysts and the market analyzes companies in different sectors and categories. Any books on this topic that you recommend?

[@detroitepic5304]

thank you

[@allenc2289]

I absolutely appreciate and glean from your trading videos. Thank you for posting.

[@smbcapital]

You are welcome Allen!

[@lencsezoltan]

What a great video yet again! 2nd day plays are so overlooked by many retail traders because many chase the hot stocks. Yesterdays hot stock is less "hot" today but there are very good patterns there to trade off. Thank you for this explanation.

[@smbcapital]

Lots of money to be made in second day plays with much clearer levels to trade off of

[@gavingilchrist5330]

Thanks for the great video. Got to ask what program you guys are using to view volatility like this? Young trader on robinhood, it's tough to process news and things of the sort as catalysts because I can only make few trades to keep them from controlling my account. (as well as keeping from doubling down) Would be super useful to switch from robinhood mobile to my desktop. Time to take things serious

[@gavingilchrist5330]

I've been subscribed for about 4 months. Epic videos, always get great information from this channel

[@smbcapital]

We'd suggest moving to a platform that provides more functionality than Robinhood. Work your way up to a pattern day trade account in the meantime. Our in-house platform gives us all that info but there are some great options available to retail traders.

[@gavnonadoroge3092]

@@smbcapital can you name some of the great options available to retail traders?

[@b_gumm]

Thank you Steven

[@smbcapital]

you got it

[@davidrenfro5756]

Great lesson

[@smbcapital]

thx David :)

[@mohammadfarzan230]

Thanks

[@giglehart]

Great description on how and when to trade a market catalyst

[@smbcapital]

thx Genny!

[@ricomajestic]

What are usually considered good catalysts and good news that moves a stock? How does this vary for companies in different sectors (technology, biotech, financials, etc.) or categories (growth vs value)? What would be the best way to learn about this?

[@smbcap]

It definitely varies from sector to sector. I spend some time going over this during the workshop at tradingworkshop.com

[@fr0xk]

Typical useless fundamentalist jargon xD

[@ricomajestic]

@@fr0xk So you are saying catalysts have no effect on a stock? On what planet? LOL!

[@ricomajestic]

@@fr0xk I always make good money knowing what the catalysts are and predicting the approximate time when they will have an effect.

[@fr0xk]

@@ricomajestic You can lol as much as you want, but I have been trading price action since 10Y and most positions are taken before a fundamental catalyst is announced. So no, a high win rate won't give you any great edge over a novice indicator trader. It's all about skills of spotting liquidity, and risk framework. I look at the chart and predict the catalyst. By the time, retail get the catalyst, it's too late.

[@2002honda954]

Nice!

[@LetsTalkAboutIt2Day]

Thnx...new subbie.

[@smbcapital]

glad to have you!

[@sebasg9457]

What’s the reason you are not shorting with option, sell some wide spreads.. whatever??

[@smbcap]

I do! 😀

[@stephenmukaabya8442]

@@smbcap you do put options? How successful are you? I need some help so i can get back to zero and be a hero financially!!

[@milagrosroman9978]

great video

[@smbcapital]

Glad you enjoyed it

[@RedDotSniping]

Amazing lesson steve ❤️

[@smbcapital]

thank you Redot!

[@davidrenfro5756]

I missed...how did you determine the location of 1 2 and 3?

[@ATLJB86]

Previous resistance and support levels

[@smbcapital]

@@ATLJB86 correct, thx JB

[@savalisadkins4709]

Any knowledge I can get from you guys at SMB is always appreciated. You guys have always worked your @$$es off to become one of the BEST in the business. Huge thanks Mr. Spencer.

[@lightkirsche]

so logical.

[@smbcapital]

thx Ki So

[@mjt918]

All secret edge is to take premarket on long or short bias and wait for pump at open to close trade

[@smbcapital]

Some of our guys like this trade pre market

[@guillaume2879]

I can't believe this is free.

[@mimo19ess]

An ascending wedge was broken right by the open

[@rosemarie_rita]

Thank you for this informative video Steve!

[@smbcapital]

You bet!

[@dasisters2926]

What if they reported after hours

[@smbcap]

sometimes you can get same effect but less likely.

[@dasisters2926]

@@smbcap Thank you so kindly for taking the time to share your skills, experience and expertise

[@talentekhuzwayo2705]

What's ADR

[@smbcapital]

ATR? Average True Range

[@talentekhuzwayo2705]

@@smbcapital yes plz make a video on it

[@paintflw]

Great video /lesson...thank you Steven and SMB

[@FMf1ghter]

buying a PUT work as well? yeah

[@j.d.4697]

So that "SMB scanner" is simply a volume gainers scanner, and "the trade they won't teach you" is simply a catalyst trade virtually everyone does.

[@FriendlyKicksss]

Thank you!

[@astronaut8086]

@@trader3998 all he said was- "a catalyst is a piece of news that makes people want to buy or sell a stock" that's literally the first thing every trader learns. Hes not teaching black magic here

[@georgemcduffey2622]

Relative Weakness vs. Market as opposed to Relative Strength. Unrelated: Nice watch.

[@smbcapital]

thx George

[@Silviabellrock]

Great explaination, catalyst matter :)

[@fireworxz]

Thanks

[@Dribbles88]

Nice!

[@smbcapital]

:)