Day Trade SPY Blog

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Never Any Losers, Hugh?

Not true! If anyone ever tells you they never lose, they are lying to you. I had a losing trade this morning, as a matter of fact. What I don't want is losing days. So, here's how it works. I map out my trading career, in particular, how much I expect to make every...

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How to Beat Inflation

Answer: Make more money. Sounds easy but it's not. No, it is not easy but it can be done. But first, you need some seed capital. This is the money you will grow. You will also need some funds for training. Don't skimp on either; both are important. If you secure a...

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Tips in a Volatile Market

Rather than fear a volatile market, I like to embrace it, dance with it and profit. Always buy time. it reduces stress when you know you can let market forces vacillate the stock and the price will likely naturally come to you. Plus, you have time to repair, if need...

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Lessons Learned

You are never too old to learn new lessons in this business. And, as you become more experienced, the tests continue to be thrown at you. Repeatedly, until you master them. Lately, one client was enjoying his plan of targeting $200 a day profit. After a while, he...

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Manipulated Markets

Yes they are, get over it! One lady recently in our Trading Room expressed deep concern that "Markets are manipulated!", as if someone from the Securities and Exchange Commission was suddenly going to appear, straighten out the pricing and imprison the manipulators....

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No Two Traders Are Alike

It is for this reason we offer personal training. We all have different experiences, exposures to markets and aspirations. Understanding of markets, strategies and budgets are all unique. Why would you learn to trade a scalp strategy if you don't see your account...

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Technical Issues?

People love to blame us when things go wrong. Truth be known, it's not always our fault. Hard to believe, I know.   lol   Problem: Not getting emails you think you should Solution: Check your spam, junk, promotions and other mailboxes before contacting us. Often...

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Control Your FOMO

Fear of Missing Out (FOMO) is a modern lexicon coined as the social anxiety from the feeling that others are making more money, having more fun or living better lives. In addition to fear, greed and ego, FOMO is the latest gremlin to dance on a trader's head, ready to...

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Tips to Selecting a Mentor

Options trading is risky business. Just like athletes and celebrities invoke the services of mentors, so should traders. You have an obligation to do your due diligence in selecting your trading mentor. Just as you would scrutinize the services of an accountant to...

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Money to Brains Ratio

Just like everything, I find that we are given challenges to our ability to handle them. As our trading experience - and trading accounts - grow, we are given a different set of tests. Harder tests. Something I teach in my course, not found anywhere else, but vitally...

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Sequence of a Trade

Asked a while back how I get into a SPY options position, I replied just how I did it. Step 1: Check your personal situation... are you well rested, free of medications and 100% in the space? Step 2: Check the news... news moves markets. Knowing what is relevant and...

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Welcome New Traders!

It is 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 do...

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