Blog
Think like an institutional trader
We all cringe when our stops trip and we sell at a loss. Everyone hates a loser. Then the market throws it in our face. They laugh at us by sending the stock soaring. I hate it when this happens to me. For years, I watched this happen over and over — I nearly drove...
The 3 keys to successful reversal patterns
There are dozens of technical analysis indicators and so-called chart patterns that stocks make. However, very few are near and dear to my heart. I’ve made the reversal patterns my bread and butter. Every night I dream about reversals… ...when I’m at the grocery...
SPY Options – Less Risk, Less Time, Bigger Rewards
How many trading styles have you tried? Five? Ten? We’ve all gone through at least a few. I started with penny stocks…oh man. I give mad props to Jeff Williams. Despite my best efforts, I couldn’t make it work for me. For years I searched and studied. After a lot of...
How to select the right options contract expiration
I’m just like you. Well, not exactly like you. But I’ve been there before. Show of hands, how many of us buy an option contract, have the stock do EXACTLY what we wanted, and still lose? Your school never taught you. Your grandparents never passed down the family...
How to Trade the SPY This Week
The market didn’t have enough mustard in the jar to close the week above the big $300 on the S&P 500. The SPY happens to be the easiest trading vehicle for the markets. By far the most popular ETF, everyone watches it like a hawk. My every waking thought centers...
My #1 Pattern For Timing Bearish Trades
I always say that one of the best things about options is the ability to profit no matter which way the market moves. Red or green -- it doesn't matter if you know what you’re doing and how to play both sides. But how do you get to that level? Well, for starters, many...
How To Manage Risk When Day Trading
If there's one thing I've been telling Daily Profit Machine members over and over again the past few months, it's that this is a day traders' market. I've been saying it so much, they're probably sick of hearing it! In fact, on Monday, just to mix things up a bit, I...
3 Adjustments You Can Make To Profit When Volatility Returns
Volatility is a double-edged sword for option traders. On the one hand, option traders crave volatility because it is a measure of the degree to which stock and ETF prices move. And traders use options to leverage those moves into outsized returns. On the other hand,...
This Is My #1 Ticker To Trade Every Single Day
It wasn't the easiest start to the week. Stocks dropped Monday as oil prices surged following the attack on Saudi Arabian oil facilities over the weekend. As I fired up my trading screens early Monday morning, the indicators that I rely on heavily in the premarket...
5 Lessons and Ways to Profit From This Week
September has gotten off to a pretty good start. The S&P 500 tacked on another 1% this past week, buoyed by a rally in tech stocks and news President Trump was postponing the latest round of tariffs on Chinese goods by two weeks. The S&P 500 is now up about...
3 Common Day Trading Pitfalls And How To Avoid Them
Many people shy away from day trading because they don't think they are experienced enough or consider it too risky. And while it certainly can be risky, it doesn't have to be if you have the right system and guidance. I even know newbies who are excelling at it (more...
Secret to Making Money On Flat Days
Monday was a fairly quiet day on Wall Street, as the S&P 500 closed just 28 cents lower, a move of -0.01%. It feels like it's been a while since I've written something like that! As I mentioned over the weekend, we've seen a lot of wild intraday swings lately. And...
