Today, I was reminded of a quote: “It can be very expensive to try to convince the markets you are right.”
Said by legendary trader Ed Seykota, it boils down to the idea that, in trading, it’s more important to make money than be right.
Let me take a step back for a moment. Each day, I isolate one high-probability option trade on SPY, the ETF that tracks the S&P 500. I then deliver that trade 30 minutes before the market opens in my Trade of the Day alert.
The goal is to recommend one simple trade that a person can make and then exit quickly for a large profit, typically within the first few hours of the trading day. They make the trade, hit their target return, and then cash out richer than they were when they woke up.
Today was the first day in 35 trading days that the market didn’t cooperate and allow us the entry point we were looking for. SPY cracked my support level, so I sent traders a note saying I didn’t plan to enter that morning’s trade unless it came back, which it never did.
But that is OK, because we’ve been on quite the hot streak lately, booking 34 winning trades in a row (from April 23 through June 10). And the average profit potential on those trades was 86%. That’s right, I said average.
I call these trades “Daily Deposits” because they literally allow traders to deposit money in their account day after day.
A big part of this success is the discipline to know when to make a trade (and when not to) — and, of course, knowing what trade to make.
(I go in depth on my strategy in an exclusive interview in which I reveal all the tips, tricks and indicators I used to find 34 winning trades in a row. You can watch a replay here, but it will only be available for a limited time.)
Take Monday’s Daily Deposit trade, for example, which created an 89% profit opportunity for members by lunchtime.
For months, I’ve been pointing to (and helping people profit from) $288 support and $290 resistance on SPY’s chart. On Monday, these levels once again worked like a charm. The ETF bounced off $288 support (hitting a low of $288.87) and making a high of $290.82.
Just before 10:30 a.m. Eastern, I sent a follow-up email to Daily Deposit traders telling them SPY was running into resistance at $290 and that they should not be afraid to book profits.
So, an hour and a half into the trading day — and on a move of roughly $2 in SPY — those who took my advice could have booked an 89% return. To put that into dollar terms, if you had invested $5,000 on the trade, you could have cashed out with $9,450.
Is anyone else writing you a check for $4,450 in a single day? I doubt it.
I’m here to do the hard work for you. Narrow down thousands of options into the single best trade for you to make each day.
I’m confident that if you give my Daily Deposits a try, you will be hooked on making money. I’m so confident I’ll continue to deliver winners, in fact, that if you don’t double your money in a month, I will pay for your second year of my service. You won’t see a guarantee like that anywhere else in this industry!
What’s more, we’re currently offering the lowest price on we’ve ever offered, making NOW the perfect time to sign up.
America’s #1 Premarket Trader,