DayTradeSPY Options Analysis
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Week-In-Review Webclass April 14
Click below to access the Week-in-Review web class from April 14:
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 […]
Week-In-Review Webclass April 7
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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: […]
Week-In-Review Webclass March 28
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Subscribe to Signal
Signal is DayTradeSPY’s brand new advisory service. Hugh calls it his “sweet spot” trader because it’s based on an algorithm developed to crunch more than a year’s worth of data for one goal: to identify the profit target that delivered the greatest total gains over time. Long story short, it turned out that shooting for a modest 5% gain resulted in hitting on 96% of trades – or enough to turn $3,505 into $658,078 in just six months. To become a Charter Member of Signal, click here now.
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. […]
Week-In-Review Webclass March 24
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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 […]
Week-In-Review Webclass March 17
To view the Week-In-Review recording from Sunday, March 17, click here now.
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 […]
