Newsletters

No Need to Diversify

June 13, 2024 - 10:00 am EDT

It is commonly held that one needs to diversify his or her investments or spread the love around many different companies and funds so as to not leave oneself exposed to any one type of asset. This well-known principle definitely applies to those long-term retirement investments that you have no intentions of cashing out for […]

When to Stop Trading

June 6, 2024 - 7:55 am EDT

You just scored on your first trade of the day. Congratulations! The tendency is to get back in right away and do it again. And again, and again. Until, when you arrive at the last trade of the day coming up to the closing bell, you’re underwater with a decision to make: do you hold […]

Old Traders and Bold Traders

May 30, 2024 - 6:55 am EDT

There is a saying in the aviation world: There are old pilots, and there are bold pilots, but there are no old, bold pilots. It isn’t quite true as there was one left. Clarence Emil “Bud” Anderson, a 102-year-old renowned World War II fighter pilot credited with 16 kills over Europe died at his home […]

Trade Small, Trade Often

May 23, 2024 - 6:55 am EDT

There is safety in numbers. That is why animals seek cover in a group of similar animals. Known as the dilution effect, an animal on its own is clearly at high risk if a predator notices it. But if it’s a group of N animals, it now has only a 1/N chance of being eaten. […]

Ahren’s Deep Dive Analysis Workshop Launch

May 16, 2024 - 6:55 am EDT

Undoubtedly, you know the armed forces use night vision goggles to vet out the enemy. Doctors use ultrasound and x-rays to vet out health issues. The IRS uses laundry bills to vet our unreported hotel room sales. What you may not know is that we at DayTradeSPY have our very own super sleuth who vets […]

Day Trading is Sexy

May 9, 2024 - 6:55 am EDT

This story is too entertaining to not distribute. One client, whom I will call Lester (name changed to protect the guilty), took our Ultimate Training Course many years ago. This is a program that takes you from knowing nothing to being able to assess the markets by using fundamental and technical analysis. Then, you can […]

Why I Don’t Like to Use Stop Losses

May 2, 2024 - 6:55 am EDT

The following question comes up often: “What’s your stop loss, Hugh?” I don’t have one. It’s not that I don’t manage my positions. I do. But I found that using hard stop losses never really worked well for me with options on the SPDR S&P 500 ETF Trust (SPY). What happened more often than not […]

‘Sell in May and Go Away’ Does Not Apply to DayTradeSPY’ers

April 25, 2024 - 9:43 am EDT

As traders, you will no doubt encounter the adage “Sell in May and go away.” This is one of the most well-recognized trading strategies espoused by investment gurus, whereby you take advantage of seasonal tendencies by selling your equity portfolios in May, only to buy them back in the fall. Its origin dates back to […]

Borrowed from the Aviation World: ‘IMSAFE’

April 18, 2024 - 6:55 am EDT

A shout out to Captain Bob P. for his suggestion on implementing the “IMSAFE” program. Thank you! The Federal Aviation Administration (FAA) released this self-assessment tool for pilots, which is designed to help keep them safe. As you know, pilots use checklists for virtually everything. They check it all, even long before starting the engine. […]

What to Look For in a Broker

April 11, 2024 - 6:55 am EDT

The first thing I hear about this topic is low commissions. While important, broker commissions is number five on my list. Instead, you need to find out the following: Number One: Can you communicate with the broker? Can you phone someone when something goes wrong? A popular brokerage several years ago got hacked, causing many […]

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