Newsletters
Ahren’s Deep Dive Analysis Workshop Launch
Undoubtedly, you know the armed forces use night vision goggles to vet out the enemy. Doctors use ultrasound and x-rays to vet out health issues. The IRS uses laundry bills to vet our unreported hotel room sales. What you may not know is that we at DayTradeSPY have our very own super sleuth who vets […]
Day Trading is Sexy
This story is too entertaining to not distribute. One client, whom I will call Lester (name changed to protect the guilty), took our Ultimate Training Course many years ago. This is a program that takes you from knowing nothing to being able to assess the markets by using fundamental and technical analysis. Then, you can […]
Why I Don’t Like to Use Stop Losses
The following question comes up often: “What’s your stop loss, Hugh?” I don’t have one. It’s not that I don’t manage my positions. I do. But I found that using hard stop losses never really worked well for me with options on the SPDR S&P 500 ETF Trust (SPY). What happened more often than not […]
‘Sell in May and Go Away’ Does Not Apply to DayTradeSPY’ers
As traders, you will no doubt encounter the adage “Sell in May and go away.” This is one of the most well-recognized trading strategies espoused by investment gurus, whereby you take advantage of seasonal tendencies by selling your equity portfolios in May, only to buy them back in the fall. Its origin dates back to […]
Borrowed from the Aviation World: ‘IMSAFE’
A shout out to Captain Bob P. for his suggestion on implementing the “IMSAFE” program. Thank you! The Federal Aviation Administration (FAA) released this self-assessment tool for pilots, which is designed to help keep them safe. As you know, pilots use checklists for virtually everything. They check it all, even long before starting the engine. […]
What to Look For in a Broker
The first thing I hear about this topic is low commissions. While important, broker commissions is number five on my list. Instead, you need to find out the following: Number One: Can you communicate with the broker? Can you phone someone when something goes wrong? A popular brokerage several years ago got hacked, causing many […]
What to Look For in a Mentor
We never saw this coming! Last week’s article, entitled “Never Waste a Good Loss,” hit a nerve with many subscribers. Even non-subscribers signed up after realizing that we do not skirt losses. Instead, we attack them head on. This is just what they wanted to see. Thank you to Bruce S. for his kind words: […]
Never Waste a Good Loss
No one likes to lose. Especially me. Especially after all these years of experience. But losses are inevitable. They can be caused by technological issues, surprise events, human error or outlier trades gone wrong. It happens. Whatever the cause, I learned early on that, even though I lost money, I should never lose the lesson. […]
Money to Brains Ratio
Years ago, I had a client named Bill who took our “Ultimate Training Course.” We did some personal coaching sessions as well and, frankly, he became an excellent trader. I was very proud of his accomplishments. He was an intelligent, 40-something-year-old, executive-type family man who seemed to be very much in control. He could take […]
Trust Your Indicators
A recent email that I received read: “I am a new subscriber, and lost my nerve at around 11:30 a.m. and decided to change my order (to sell for a 5% profit) to sell for an 8% loss. I was unwilling to lose more than that, but as the rest of the trading day continued […]
