There are never any guarantees in this business; you all know that.
But, this is a very high probability win strategy that is not only profitable but a lot of fun. In fact, it may be particularly attractive to those who love to trade… in and out, multiple times a day.
Essentially, you are putting up more cash into each position, aiming for just a small gain per trade but repeating the process many times a day. In recent days, I would invest $10-$15k, buying at the money options on SPY a week or so out, securing a 6 cent gain and often selling in seconds. Rinse and repeat, rinse and repeat. With a good commission structure, I would earn about $150 net with each trade. Do this ten times a day, and I would yank $1,500/day out of the market, usually done by noon.
Of course there is a bit more than what I am disclosing here, which is why you should join us in the Scalping Trading Room. However, align your trades to the indicators we teach, and reap the benefits.
I love scalping as it feeds all my senses, not to mention my bank account. Want to know more? Just contact me for details and to get started.
Hugh Grossman, Head Trader, DayTradeSPY