SPY on the Market: Old Traders and Bold Traders

You are receiving this email because you signed up to receive our free e-letter DayTradeSPY's SPY on the Market, or you purchased a product or service from its publisher, Eagle Financial Publications. [SPY-on-the-market-banner-1200] [Trading Room]( [Pick of the Day]( [Inner Circle]( [Ultimate Trading Workshop]( [SPY Signal]( SPY on the Market: Old Traders and Bold Traders by Hugh Grossman and Ahren Stephens 05/30/2024 SPONSORED CONTENT [One options strategy. 10 minutes to set up. 94% win rate]( Is there a simpler way – a faster way – and a more lucrative way to trade options? If so, I’ve yet to see it. For those who’ve traded a call or put option before, this system is... Simple: Open an email. Fast: Enter the options symbol into a trading account. Place the trade shortly after the opening bell. Lucrative: I’ve hit on 94% of my trades with it. [Click here for more info.]( There is a saying in the aviation world: There are old pilots, and there are bold pilots, but there are no old, bold pilots. It isn’t quite true as there was one left. Clarence Emil “Bud” Anderson, a 102-year-old renowned World War II fighter pilot credited with 16 kills over Europe died at his home in Auburn, California on May 17. This last surviving triple ace of the war had a very accomplished and highly decorated career that spanned four decades. But that’s it. There are no more old, bold pilots left. Borrowing that line, I’d like to add that, “There are old traders and there are bold traders, but there are no old, bold traders.” Just this week, I talked to several bold traders whose aggressive demeanor likely hurt them in the spate of recent tempestuous market swings. We have recently seen record highs and a same-day 10-point collapse, tanking SPY to levels not seen in over a week. Some even blamed us for not predicting it. I reminded them that our job is not to make them rich but to give them the tools to organically grow their accounts in a systematic, consistent way. Bold, daring, valiant -- these personalities do not work in the stock market. At least they never have for me. It was always humility, meekness and modesty that took profits by making a few cents or a few points repeatedly. That’s what works best for me, especially in volatile markets where swings can occur without notice and driving head fakes can shake even the most ardent trader. Sponsored Content [Could These 3 Trades Replace Your Paycheck?]( Expert Chuck Hughes certainly thinks so... And for over 24 years, he's been proven right! In his follower favorite guide, "Trade Like Chuck", Hughes reveals the simple strategies that helped him to go from paycheck to paycheck, to living in financial freedom, and now... You can learn how you could too! [Click here to download your copy of "Trade Like Chuck", now!]( Greetings trader, my name is Hugh Grossman and we trade one stock only: the SPDR S&P 500 ETF Trust (SPY). Nothing else. Every day. Old traders tend to take a conservative approach, harvesting small gains along the way. A modest daily gain of $500 should earn you $130,000 a year, more than twice the annual salary of the average worker. This is quite easily attainable by following our guidelines and proper money management. You can even do that with not a lot of capital. One trader I’m working with is pulling that off with approximately $5,000 currently in his trading account. Imagine how easy it will be for him when he ups that balance to $10,000 $20,000 or $50,000! If he maintains his current disposition and avoids becoming greedy, he can reap market benefits beyond his wildest dreams. Bold traders, on the other hand, tend to take an aggressive approach, culling the market for as much as they can squeeze out of each and every trade. The problem is that, as the trader keeps pushing the envelope further from the current sell price, at some point, it will reverse. Then, the trader chases it back down, happy to get whatever the market will eventually provide. In the long run, this approach rarely works. Emotions play a huge part in this type of trading and are usually the cause of the trader’s ultimate demise. Bold traders often inject a good portion of their trading capital, sometimes everything. It’s no surprise that the reversal, especially on same-day expirations, leaves many in a severe loss that could affect not just their current trades but their entire trading career. [Stock Watchlist Now Available [Live]]( If you want to trade smarter (not harder) and be prepared for this week's markets, then you're not going to want to miss out on this. We'll show you soon - LIVE - what [stocks & commodities may be about to explode]( in the next few days and how we can help you conquer volatility by avoiding losses. You need to be ready for any market changes, and nothing is more rewarding to us than knowing we helped you avoid potential losses. [Get in the room now]( Subscribe to our famous DayTradeSPY Signal. Eliminate the guesswork and simply execute your buys on our triggers. We promptly text you the option to your cell phone and email for immediate purchase.  Then, put it up for sale with a 5% gain and let the market deliver your profits. If it is still open at the end of the day, sell it for the market price at the close. Is it foolproof? No, nothing is perfect, but the DayTradeSPY Signal is currently enjoying a 96% success rate in 2024. And here’s the thing: if you follow our trending 10 and 20 exponential moving averages, you can clear much more than 5%. If you are interested in joining DayTradeSPY Signal, [click here now](. Still undecided if trading SPY options is for you? Then [join us on our Sunday night Intro to Trading webinar]( at 8 p.m., ET. We will discuss options pros and cons, why SPY and why DayTradeSPY. We will also analyze what happened last week and provide our expectations for the week to come. Find out why hundreds of people plan their Sunday evenings around this informative, engaging and entertaining session. Learn and earn from the best, so you can leave the rest. Our 40+ years’ experience leads us to say, “Go ahead, exploit us!” Sincerely, [Hugh Grossman][Ahren Stephens] Hugh Grossman and Ahren Stephens Editors, [Trading Room]( [Pick of the Day]( [Inner Circle]( and [Signal]( About Hugh and Ahren: [Hugh Grossman]Hugh Grossman has manned the helm of DayTradeSPY for over a decade now. A self-taught trader, who turned master trader, has learned everything about trading the SPY (the SPDR S&P 500 ETF). Hugh has been guiding his subscribers of Inner Circle, Pick of the Day, DayTradeSPY Signal, and the Trading Room to daily profits since 2010. [Ahren Stephens]Ahren Stephens has been studying the markets since his teens. He opened his first trading account at the age of 18 and has studied the stock market, forex market, and commodities markets for more than 20 years. Ahren is a licensed commodity broker, and was most recently an analyst at an award-winning, multi-million-dollar firm. With his knowledge he has been guiding his subscribers of Inner Circle, Pick of the Day, and the Trading Room to daily profits. About Us: Eagle Financial Publications is located in Washington, D.C. – only a few blocks from the Capitol. Our products have been helping investors build their wealth for several decades. 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