DayTradeSpy Blog

Head Trader / Trainer Hugh's market musings... and other stuff

Thanks for visiting our blog. This is where Hugh periodically posts his take on the market, stocks and the economy. Often he addresses members’ concerns and frequently asked questions. The best training is an accumulation of information, effectively organized and applied in a format you can use to exercise great trades. That’s our goal, to make each of you expert traders. Check this section frequently… you never know what will be posted.

What Makes Hugh Qualified?

Good question, one I get every now and then...glad to be able to answer it. An 'expert' is generally someone who knows more than the person asking. I may not know how to play the guitar but if I see someone else playing it, to me, they are the expert, even though they...

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How to Not Lose Your Friends

Yup, it happens. You suddenly start making some serious money on the market, spend accordingly and your friends vanish. Don't think it will happen to you? Don't be so sure. Your friends love you but it's human nature to associate with people of like minds, like values...

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Why Isn’t Everyone Doing This?

Of your own circle of friends and acquaintances, how many do you know invest themselves vis a vis handing their hard earned money off to a financial guru? If you're like most people I know, most would rather, incredibly so, let someone else be responsible for dictate...

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Why We Post Only 30 Days’ Results

I am sometimes asked this question from prospects looking for more data on our results. Presumably, they're looking to use our services but need more information. The reason we use a 30 day rotating Recent Results (Pick of the Day and Launch Pad) is because we...

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Imagine How Much You Can Know If…

... if you undertake just one new project every year! A gentleman I spoke with recently, Stan, talked about something he had started in his '20's. He explained that his schooling was just the start of his education and after earning his degree, he returned to school...

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

One of the most famous phrases in the trading world is 'sell in May and go away.' This may be true for stocks as seasonal adjustments kick in and the summer has a repressive tendency on the markets, often bringing prices down. Not good for your stock portfolio; hence...

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You Think Our Training is Expensive?

I take this opportunity to shed some light on a subject that comes up from time to time. Ok, if the truth be known, I get several  enquiries a day asking why training is, in their view, so expensive. They even ask "Hugh, if you're making money trading, why don't you...

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Why Black Boxes Do Not Work… Except Ours

Black box trading is essentially a computer program designed to trigger buy and sell signals on investment instruments. There are strong arguments that black box trading is here to stay - and they are likely correct in that assumption - but the trouble is, they don't...

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How to trade SPY options

Most people find day trading SPY options to be refreshingly different. Many of my students come from a complex background, trading butterflies, straddles, strangles, married puts, covered calls, condors and other spreads. Some come from the formal investment world...

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Why Our Trading Rooms Work

A bold statement, for sure, but it's true. Most trading rooms do not work for many reasons. I've been involved in others' trading rooms some years ago, as I'm sure many of you have. One common deficiency is the lack of proper leadership.The moderator should be...

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It’s about Lifestyle

Consider options trading a hobby and it will pay you as such. Treat it as the business that it is, and it will reward you accordingly. As you can imagine, my business of both trading and teaching people to trade consumes much of my time... no complaints, I love every...

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Pssst… want a peek inside Hugh’s Trading Room?

'Informative, inspiring, entertaining, engaging'... just some of the words I heard from participants used to describe my Trading Room. This one's different from anything you've seen before. We don't waste time; if there's nothing happening, we wrap it up. Our sessions...

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The Trump Effect

Markets have been bullish since the presidential election, mostly due to the positive energy President-elect Trump brings to the American people. For the first time in eight years, we see hope, not just empty words but the new Administration is already working hard to...

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Training is a Process

I am so often confronted with people looking for that magic bullet, that secret sauce that will transform them from neophytes, novices, nothings.... into master traders to conquer the world. They want a short term fix, an e-book or a SnapChat® video of how to do it....

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High Performance Training Course

We recently revamped our intense training programs to better suit everyone involved. We made them shorter in length at only an hour long. We spread them out over a few days. We made them more accessible and affordable. We are even providing them more frequently,...

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Why Traders Lose Money

Half the battle to stop the bleeding is knowing why you lose. 'Opportunity Cost' is defined as the loss of potential gain from other alternatives when one alternative is chosen. As a trader, we see this all the time. A stock hits our target, we sell for a profit, then...

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Why Training is Essential for Options

I often hear traders tell me they know how to trade options, when in fact, they have only traded equities. That's like saying you can commandeer a Ferrari because you know how to drive a Volkswagen. Nothing could be further from the truth. Stock trading is easy; just...

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SPY vs SPX

Understanding the differences may give an insight as to why we trade what we trade. SPY has more volume but SPX has the value. SPY is the SPDR S&P 500 exchange-traded fund (ETF), the most widely traded stock on the equity option exchanges. In normal times, over...

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