Newsletters
DayTradeSPY Mottos
I never set out to coin mottos; they just presented themselves with our trades. I also borrowed some from others, but here are a few favorites: “A dime at a time is just fine!” In the options world, if you’re up a dime, take it and wait for the next setup. “Knowledge is knowing how […]
New Year’s Resolutions
Back by popular demand, here is my list of my top 10 New Year’s Resolutions, in no particular order. 1. Be cognizant of my emotions and not act impulsively on them. I need to be in touch with my emotions to prevent fear, greed, ego, FOMO and YOLO from influencing my decisions. As soon as […]
The Santa Claus Rally
The term “Santa Claus Rally” was first coined in 1972 by Yale Hirsch in the Stock Trader’s Almanac, and refers to a tendency of the stock market to rally in the last few days of the year into the first couple days of the following year. Since monitoring this phenomenon, historically, the S&P 500, Dow […]
Great Gift Ideas
Here are some interesting gift-giving facts for this year’s holiday season. Total holiday spending is expected to be around $890 per person. Approximately $628 per person will be spent on gifts alone; the rest will be on food and décor. Higher income households, those earning $100,000+, plan to spend significantly more at around $1,479, while […]
The Risks of Finfluencers
The world is moving at lightning speed, and everything has changed, even from several years ago. How the stock market operates is no different, influenced by methods unheard of until recently. What I am talking about is social media. Even major dictionaries are recognizing a new word, “finfluencer,” as a combination of “financial” and “influencer,” […]
The 90-90-90 Rule of Trading
The 90-90-90 Rule of Trading is a harsh reality check, especially for new traders. It simply states that 90% of traders will lose 90% of their capital within 90 days. This pill can be hard to swallow, especially when we make it seem so easy, often times saying as much. Statistics highlight how many new […]
So Much to Be Thankful For!
An attitude of gratitude actually takes you far in this business. I do not know how it works, but I found that when I stop and appreciate the many little things in life I am afforded, oddly enough, more good things happen. It all sounds so ideological, but it works. Every morning when I get […]
Friend Looking to Borrow to Trade?
Here is a problem looking for a place to happen. Your friends see your success on the stock market. You teach them a thing or two and then they figure they can do it just as easily. Unfortunately, they have little money and proceed to ask you for a loan to help get them started. […]
Synergize with Two, Too Great Mentors
“Synergy:” how two or more parts’ combined effort produce results greater than the sum of their individual effects. Another common definition is “one plus one equals three.” We at DayTradeSPY have a slightly different phrase: “when our indicators unite, our trades ignite!” No truer words have been spoken! Last week, I talked about the interaction […]
Two Brains For Extraordinary Gains
The “two brains — right and left” concept refers to the two cerebral hemispheres of the human brain. Popular notion dictates that the brain consists of the right hemisphere, which controls the creative and imaginative functions, including spatial awareness, musical skills, motor control on the left side of the body and emotional context. The left […]
