Why Our Trading Room is Special

Over the years, Ahren Stephens and I have been on both sides of trading rooms. We’ve seen it all.

We discovered that most trading rooms held you captive all day and were led by the most charismatic person behind the microphone. Whether they knew anything or not was irrelevant. Most of the time in those long, drawn-out sessions, perhaps 98% of the time, it was downright boredom with no activities, training or the dissemination of important information. The other 2% was sheer terror, as we uncontrollably watched our positions vanish. That was no way to trade. That is also likely the reason most trading rooms fail.

We decided to change all that. Now, instead of checking a myriad of stocks, options, sectors, industries and what not, we only trade one stock: SPY (SPDR S&P 500 Exchange Traded Fund).

When we started the DayTradeSPY Trading Room, we vowed the following:

1. to make it informative. We wanted to establish that you have a reason to attend, not just a coffee club or drop-in center. We ensured these sessions are events.
2. to make it a learning experience. This was to be our venue in which to make our strategies come alive in a real-time, real market environment. No theories here… it’s all real.
3. to make it interactive. Two-way communication lines need to be open for all of us to be able to interact, celebrate our victories and deal with the challenges.
4. to not monopolize your time all day. We recognize that you all have lives, and, as professionals, we should be able to make our point in a little over an hour.
5. to make it a “learn and earn” activity. Even if you are unfamiliar with options, you should quickly be able to get into trades and make some money.
6. to provide mentorship. Our trading room was not intended to be a “watch Hugh trade” session. We already know how to trade; our focus was on our participants.
7. to provide some level of entertainment, making it a casual, comfortable experience so everyone could feel relaxed enough to engage.

To the best of our knowledge — and we know of many trading rooms — no one comes close to how we manage ours. We are just as true to our mission as we were 15 years ago with our first such webinar.

Every morning, the room opens at 9 a.m., ET. The music you hear is not just to entertain you while waiting, but rather to ensure your audio is alive and well. If you do not hear easy background sounds, check your hardware and software. It is best to take care of technical issues before we start the broadcast, not spend 20 minutes into the show fixing them.

At 9:20, we kick off displaying the opening charts. We check the futures, then flip over to see what market-making news is on deck for the day and determine how it will affect our trading. We follow up with a look at the technicals, establish support and resistance numbers for the “Out of the Morning Gate” strategy and scan for chart patterns. We may even map out the Yellow Brick Road to identify where SPY may go during the day.

Our objective is to get into trades, both real and simulated, and earn modest gains. We may place one or multiple trades, depending on the news and how we feel about trading that day. Usually, we walk away with handsome profits.

Somewhere around 10:10, we defer to Ahren for his take on longer-out trades and view his charts and indicators. We also answer questions along the way, congratulating winners and soothing losers. Usually around 10:30 or so, we wrap it up, letting you go on with the rest of your busy day.

Curious as to whether this is good for you? Consider that we have hundreds of people online, most of whom regularly renew their memberships — a sure sign of success. If you already are familiar with calls and puts, click here to join our ever popular Trading Room. Ahren and I host this dynamic event, backed by over 40 years combined market experience. We can help you decide your preferred path to prosperity through using our proven processes.

Not sure where to start? Join us Sunday night for our Intro to Trading/Week in Review, 8 p.m., ET. Click here to register for this free, interactive and engaging webinar. We’ll help you decide on joining us.