SPY on the Market: Acquiring Patience

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: Acquiring Patience by Hugh Grossman and Ahren Stephens 10/03/2024 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.]( I was never a patient person. All my life, I had to have it. Now. I always seemed to have too much to do and not enough time to do it, so everything had to be done. Now. It drove my parents and everyone around me crazy. When I got older, I knew this was an issue. So I prayed to God for patience… He sent me kids. Funny guy! You would think that would work, and perhaps it did, to a point. Now that the kids are grown and on their own, I sometimes revert back to my impatient ways, especially if I am unaware of it. When I review my trading log and see where my losers would have ended up, 97% of the time I would have been fine had I simply waited a bit longer to execute my trades. Patience pays, but it was something I had to learn. Repeatedly. In the stock market world, patience, or lack of it, is the Achilles heel to long term profits. If we cannot develop this skill, it would be best to simply pack up and preserve our capital. There’s no way around it. The market moves at its own pace. We have to comply to it, not it to us. If that means holding a position longer than we expect, so be it. That puts options traders in an interesting position as time is not on our side, with the way we day trade the SPDR S&P 500 ETF Trust (SPY). For that reason, we need to be quite certain of our direction and strength. Therein lies the challenge, and often times, it’s a matter of patience that makes all the difference. Patience is like a muscle. The more you flex it, the easier it becomes. [I Can’t Believe A Ticker Like This Exists]( Years ago, I came across a stock market ticker… One that has been my “edge” ever since… I trade it over and over again, every week… And thanks to this one ticker, I hit on 93.6% of my trades in 2023. [Here’s how you can too.]( When I recognize my impatience, as evidenced by my trading challenges, I “exercise” it. Athletes normally go to the gym to exercise their muscles. To exercise my patience, I head out onto the highway. On our local Interstate 190, the speed limit is 55 mph, including segments of the highway that are quite comfortable to travel at 80 mph. I enjoy driving fast, and my finely tuned German automobile is very smooth and quiet at those speeds -- considered to be excessive by American standards but quite normal in Europe, where my car was built. What I do to “exercise” my patience is simply to pull right back to the ultra-slow speed limit of 55 mph. Of course, at that slow pace, I am the only one, so I only do this when traffic permits so as to not annoy other drivers. I also do this when I am alone, lest I infuriate my passengers. I will cruise along at this tardy speed of a whopping 55 mph for, say, 10 miles. Excruciatingly painful, but at the end of this slog, I find myself saving only about five minutes in time. That is just enough time to sit through Queen’s “Somebody to Love," a song I also horribly detest. [How to know what to trade.]( With thousands of stocks in the market… How do you know which ones to trade? You may not believe this, but… You can ignore almost all of them, because when it comes to stock and options trading... This is [something valuable]( that tells you the few stocks that you really should be looking at. Your whole search and strategy can take less than 15 minutes. Which leaves plenty of time to do the other things you want to do during your day. If you want to learn more - this free live class will show you how. [Save Your Seat Here.]( There you have it: two torturous tasks to tame your intolerance tendencies… driving slow while listening to music you abhor. I force myself to do this, consciously aware that I need to slow down and let the world catch up. It’s OK to take it easy. Practice this type of activity that requires a good shot of patience and you will eventually strengthen this attribute, the number one virtue required for success in the stock market. We talk about many things in our morning Trading Room, including emotional control. We also review the other strategies and services we provide, such as the DayTradeSPY Signal, Pick of the Day and the Inner Circle. If you don’t yet subscribe to these services, you are likely missing out on some serious gains. Want to know more? [Click here]( for details on the Trading Room. [Click here]( for information on the DTS Signal. [Click here]( for the particulars on the Pick of the Day. [Click here]( to learn about the Inner Circle. Why trade SPY? As the highest traded, most diverse, affordable, resilient exchange traded fund, day trading this stock’s options is the most exciting, fun and rewarding experience in the investing world. Find out why we, and so many others, are making consistent money on a daily basis. Trading profitably is not that difficult, if you know how. We teach you everything you need to know to become an expert trader. Even how to be more patient. 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. 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