Webinar Recap: Rob Smith Shares The Secrets to His Trading Success
Joining us during this week’s webinar was Rob Smith, a market veteran (he got his start at age 15!) and educator who developed trading strategy based on the Three Universal Truths of Price Action. He has trained hundreds of traders around the world how to use it, and today, he shared some of those tips with us.
Market Action
I also talked about the massive rally in stocks, yet they remain within the trading range. Turnover was brisk this week, but breadth was only OK. The charts seem to signal some more upside is coming, but if we get overbought at the top of the range (2135 on SPX 500), then it’ll be right back down. The Nasdaq also closed at a new all-time high, which was 15 years in the making.
I had the great privilege in welcoming Rob Smith, a great trader and experienced veteran of stock markets. Rob runs a chat room at T3live.com, and not only is he an educator, he is truly passionate about markets. Rob talked about the famous “broadening top pattern,” and he provided all of us with some great lessons on risk management and momentum trading in general. We both took some great questions from the audience.
I also covered the impact of The Fed’s meeting and reviewed FireEye – my chart of the week – and a few other trade ideas that we are using over at the Explosive Options service.
Bob Lang and Rob Smith discuss the markets, top options trading strategies, charts and technicals, and take questions:
Listen in to hear what you missed!
If you love the insights you gained in this webinar, don’t miss your chance to join us live. Each week I host a FREE options trading webinar during to discuss recent market action, current plays and charts of interest, along with the trends that may affect future action. Join us live and get your chance to ask your own trading questions!
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