Day Trade SPY Blog
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Now More Than Ever… Learn to Trade!
Never has there been a better time to learn to trade than now. Really. Work from home. Recent data shows that only 29% of employees could work from home, not good considering the contagiousness or coronavirus. Any idea how many people would love to be in your shoes,...
Technical Issues: Subscribers need to read this
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...
Black Box Blues
I often get requests for simply providing an option to trade; hence we have our Pick of the Day. It works well and we are very proud of its success. And this pick is also provided by a human who manually analyzes the market and selects a particular option to trade on...
Ten years in the Trading Room
What a hoot! We record every one of our sessions for legal purposes so we decided to go back to our first Trading Room session back in the fall of 2010. I couldn't believe we sounded like that, so 'green', lol Much has changed since those early days but some things...
Hugh Grossman’s Top 10 Reasons to Trade
10. Anyone Can Do It You don't need a degree in Finance or have a Wall Street career to learn to trade stocks. In fact, you don't even need to know everything there is to know about the markets. If the last thing you traded was baseball cards as a kid, you could still...
Redundant Systems
We take it for granted, that everything will work. Fact is, despite living in a great area in the world, technological interruptions can and do happen. Think of the millions of things that need to function… electronic components, chips, radio transmissions,...
Taking Tips
Well meaning friends and advisories often send out specific picks as to what to trade and when. There are inherent dangers in such programs, despite everyone's best efforts. First, even if posted on Twitter, your mentor makes the trade, sends you the details and your...
Why Training is Essential for Day Trading Stock 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...
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...
Top 10 Common Trading Mistakes
In my years of trading, I've come across many mistakes that will make you kick yourself, to say the least. We all make them. Some of us, all the time. It took years to acknowledge what lost me a great deal of money and, in turn, overcome these challenges. So I have...
5 Habits of Highly Profitable Technical Traders
When we were younger, our parents taught us to make our beds in the morning. In school, our professors taught us to do our readings. Aristotle once said, “Good habits formed at youth make all the difference,” but as we grow older it seems we have less and less people...
Working for a Bad Boss?
Ever wonder how some people become bosses? Most of us have worked for, you know, what we may consider a high functioning sociopath. Some are so clued out, it's not even funny. One boss even asked an underling "Do they have Facebook in Toledo?" How these incompetents...