SPY on the Market: A Trader Who is Ready to Quit His Job

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: A Trader Who is Ready to Quit His Job by Hugh Grossman and Ahren Stephens 02/22/2024 SPONSORED CONTENT [Buy My #1 Tech Stock Now to Lock in a 9% Dividend Yield]( There's a tight deadline around this tech stock pick: if you act by February 29, you'll enjoy a 9% dividend yield, PLUS a bonus dividend payment! This company is funding the biggest ideas coming out of Silicon Valley in industries worth a combined $5 trillion. But you have to hurry. You need to be on the shareholder's list before February 29, or you'll miss out. [Click here to get all the details.]( A prospective client named Paul told me he’s ready to quit his job and potentially take $100,000 and turn it into $500,000 by following us in the $10,000 Challenge. I am referring to the $2,000 to $10,000 Challenge over the course of three months. It is now in its third round after two successful series. Paul is asking if it’s doable. My response was that technically, yes, most definitely. Realistically, being somewhat new to options, there will be other implications to deal with, in particular, the mental aspects of trading. This business involves much discipline and patience -- two things that need to be honed over time and through experience. I had been doing this for years before I realized some very important aspects of trading, much of it not having anything to do with the stock market at all. I had to learn more about myself and how to maintain total self-control in the face of adversity. For example, markets dropped like a rock recently when Fed Chair Powell spoke of how they were in no hurry to lower interest rates quite yet. The SPDR S&P 500 ETF Trust  (SPY) tanked eight points as a result. The corresponding call option’s value vanished a whopping 75% in one day. Imagine had Paul invested just $40,000 in that trade and suddenly it was worth only $10,000. How would he feel? That’s exactly what happened with people in our trading room recently. Some were devastated. The day after the Fed announcement, SPY started to climb back up. Some folks wanted to cut losses and sell, but I encouraged them to hold on. It was about to poke through resistance. [How To Become a One-Percenter in The Next Six Months]( According to Fortune, you need to be pulling in at least $650,000 every year to be considered a one-percenter in America. Now, to make that kind of money in one year, you’d usually need to own a booming business, climb the top of the corporate ladder or hit a jackpot in Vegas… But one breakthrough trading system can help you make “one-percenter” money, in the next six months. [Learn about it here.]( I explained how and why I thought this rally could well continue back into the upper range, which I identified. Then, Ahren Stephens and I demonstrated how to repair their positions, should they want to truly exploit this drawdown. By the end of the day, SPY had reached all-time record highs. Those who followed my direction “made out like bandits”, as they say. The following morning was more of the same… SPY retraced to support but picked up strength and topped out at yet another record high over $496. The naysayers were shocked in disbelief. The burning question is, with such huge sums in a single trade, will you have the stamina to weather market vacillations? This all happens very quickly, if I may add. I suspect Paul would have been quickly shaken out. For those reasons, it is wise to ramp up your account slowly and methodically, taking care to preserve your capital. The enemy is not so much the market; in fact, the market gives you opportunities all day long. The “enemy” is the person in the mirror. [Dominate February Volatility in Free A.I. Training]( While Wall Street hangs on every word of the financial news cycle, the shrewd trader should be zeroing in on the insights offered by artificial intelligence in trading. [Show Me the Free Live A.I. Forecasts That Are Trending Now]( The answer to Paul’s question is that it is possible if he pays attention, follows the rules and retains complete emotional self-control… but it may not be easy, especially as a newbie. Those who are successful have years of experience. Those who are successful exhibit total emotional control. Those who are successful have been in our Trading Room for a long time and have been exposed to many scenarios. If you want to be successful at trading, the time to start is now. Join the Trading Room and know that, within a short period of time, you will understand the jargon and can follow along. After that, you will learn our techniques, tricks and traps. Stay longer and master it all so that you can be exposed to whatever the market can throw at you. Then, you will be skilled in the art of day trading SPY options -- confidently, consistently and profitably. Ahren and I have many years of first-hand experience behind us. When his friends were out playing sports and chasing girls in high school, Ahren spent his time in the library studying charts. He opened his first trading account at the age of 17. As for me, I’m a late-comer, having learned this as an adult. In fact, an elementary school teacher, Miss Hickey, told my parents I would not amount to anything related to numbers and that I should follow the arts. Maybe that’s why my parents made me take piano lessons. I will never forgive them for that. Look, if you already know what calls and puts are, [subscribe to our famous Trading Room](. If you have no clue about options, [please join us]( on Sunday night at 8 p.m., ET for our exciting “Intro to Trading” webinar. Incidentally, I got pretty good at playing Grandfather’s Clock for our annual piano recital, so all was not lost. 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. Whether you’re a long-term investor or short-term trader, you’ll find the right strategy for you, including how to earn more steady income to spend now, preserve and grow your capital to enjoy later, and whatever other investment goals you have. 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