Day Trade SPY Blog

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Gotta Love Larry

I can’t tell you how many email exchanges we had but I am convinced that we traders are our own worst enemies, without a doubt! Some traders consistently make money. Every day. Several times a day. In, profit, out. In, profit, out. Other traders seem so troubled...

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Sequence of a Trade

Asked the other day how/why I get into a SPY options position, I replied just how easy it is, especially after you gain the experience. Step 1: Check your personal situation... are you well rested, free of medications and 100% in the space? Step 2: Check the news......

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“… fasten your seat belts.”

Those were the last words in my 9 am, ET Inner Circle Morning Market Outlook this morning (April 14, 2021). Then SPY spiked to a record high of just under 414, only to tank late afternoon losing several points. The worst of it may not be over, although we may see a...

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Not Quite Even Steven

You can’t make this stuff up! Several email exchanges back and forth and I was assured Steven was dead serious. He sincerely thanked me because he lost only $25k. Truth be told, Steven was a busy businessman but he took the course, learned the material well and...

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Welcome new, young traders!

It's always good to see young, fresh blood enter the markets; very comforting knowing that you are learning how to create wealth on your own without relying on a pay check from an employer. This is especially true these days of COVID-19 when employers themselves don't...

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Trucker Rick

Rick is one of those guys, you know, luck just follows him wherever he ventures. Happy go lucky, boisterous, always lands on his feet. He’d heard something about this ‘options thing’, as he so affectionately calls it. He contacted me and we did some training. He used...

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Jerry

Jerry was doing quite well as a trader. Only taking positions on SPY, he was quite comfortable with his entries, exits, usually profiting handsomely. He took home some nice toys, had a great family life and thoroughly enjoyed every day as the envy of all who knew him....

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Marvin

Every now and then, I receive an email like this: "Hi Hugh, I would like to chat with you for a few minutes about an urgent situation ASAP." Marvin was interested in learning to trade with us and almost signed up for some training. We talked several times and he was...

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Anthony & Friends

Anthony was one of these people who kept poking at our programs, always looking to get the freebies. His strategy was to try to piece it together, little by little. The problem was, that strategy doesn’t really work. Having a little information is worse than having...

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Jimmie

I would be remiss if I didn’t mention Jimmie. You often heard him on line, boasting about his trades. Interestingly enough, he was not a boastful kind of guy, just a very proud retired U.S. Marine who found something that works incredibly well. Jimmie’s been to all...

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Sometimes a Little Arm Twisting…

I had a Zoom meeting a while back (aren't they all Zoom meetings now?) about my client, Benny's, life goals and trading aspirations. We talked extensively about the road map as to how to get there; after all, how can you know where you are going or if you arrive if...

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Doctor Peter

Peter was, what I would call a good acquaintance. We met in this business and I even met him once at a conference in Florida. A great guy, personable, intelligent, fun to hang out with… just one problem: he could not control his emotions in a trade to save his life....

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