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 their future. Not this cowboy.

Of those who do invest themselves, how many invest in the stock market, as compared to other investments, such as real estate or old coins, etc.?

Of those, who do invest in the market, how many trade options?  Options on one particular stock, SPY? Of those, how many even know about day trading?

I get asked this question from time to time… why doesn’t everyone do it? Most do not even know it can be done. Many do not have the time or inclination to learn, and more still, do not have the confidence in themselves to do it. Some do venture into this world and most of the time, fall short, losing their money quickly. So they bad mouth it, thinking it is impossible to make money day trading SPY options.

I was never a great football player back in my school days, and really, if I never see another game, it’s all the same to me. I do, however, know some folks do very well at it and like anything else, the more you engage, the better you will be at it. Unlike a football game, there’s no reset button in trading. Lose real money and it could be life changing just as easily as scoring huge successes. One thing the stock market is not is forgiving. So it does take some effort, time and money to master this, no question about it. But the rewards can be nothing short of unbelievable. There’s no secret; it’s all there in the math and emotional control. Get these two right and the world is your oyster, as they say.

Another question that comes up is if more people trade our system, will not that dilute our advantage? The answer is an unequivocal no. In fact, the more traders there are, the more liquidity in the market, the better it all works. So cast your fears away… learn to trade!

 

Head Trader Hugh,

daytradespy.com

August, 2017

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