Millionaire Reveals Top Trade Idea Each Week CEO, Jeff Bishop, shares his top pick for the week each Monday, straight to your inbox.

“My strategy aims to help you pull one winner out of the market each week, regardless of market conditions!” – Jeff Bishop

Earlier this week, I told you that I rely on a handful of simple-yet-reliable tools to lead me to consistent profits day in and day out with my Trade of the Day.

And I shared one of my favorite patterns for timing bullish trades — the inverse head and shoulders.

Today, I want to cover another tactic I use to lead people to double- and triple-digit gains in a matter of minutes or hours.

It’s the exponential moving average (EMA) line crossover, and it’s particularly useful in choppy markets like we’re seeing now.

Exponential moving average lines are similar to simple moving average lines, except they give more weight to recent price action. When you’re looking to profit on a daily basis, like I am with the Trade of the Day, you want to focus on recent price action.

I use two exponential moving average lines on my intraday charts when I’m trading: the 10 exponential moving average and the 20 exponential moving average.

When the 10 EMA crosses above the 20 EMA on shorter-term charts (e.g., 1- and 5-minute), you can usually expect a bullish move, meaning it may be a great time to purchase call options.

Of course, we’d be missing out on a lot of profits if we only traded the upside. Luckily, this moving average crossover is just as effective on the downside. When the 10 EMA crosses the 20 EMA to the downside, buying put options can be incredibly lucrative.

The ability to make money on the long and short side essentially doubles our profit-making opportunities. And who doesn’t like the sound of that

In fact, to illustrate the power of this indicator, I want to show you a recent put option trade that had the potential to more than triple traders’ money!

Here’s what I sent Daily Profit Machine members 30 minutes prior to the market open:

“My indicators are pointing south in the short term. Although it may be a quick move, should SPY remain below $300, a 50-cent drop isn’t out of the question. My plan is to apply an exponential moving average line crossover to the downside, likely on a 5-minute chart, followed by buying to open put options. Just to be clear, SPY needs to remain below $300.


“Watch for a pop at or near the open and don’t be afraid to exercise some patience as markets are in decision mode awaiting more news, possibly more earnings reports. Time will tell.


“My plan is this simple:


1) SPY below $300
2) Exponential moving average line crossover to the downside
3) Buy to open put options
4) Sell to close put options, ideally for profit!”

 As you can see in the chart below, the setup played out perfectly:

We saw a pop near the open, as I predicted. But, importantly, SPY hit a high of $299.93 that day, staying below the key $300 level I mentioned.

This was followed by the 10 EMA (white line) crossing down through the 20 EMA (red line). We got our 50-cent drop and then some!

Here’s a closeup of the crossover so you can really see it:

Following the EMA crossover, SPY headed down, down, down. While the ETF ended the day about 0.7% lower, you are probably well aware by now that we utilize options, taking advantage of the incredible leverage they provide.

On a day SPY fell less than 1%, those who followed my Trade of the Day could have earned as much as 215% from the put option I selected.

Trades with double- and triple-digit profit potential are far from anomalies here. And I am currently offering the lowest annual price you will ever see on my Trade of the Day.

If you’re interested in trading alongside me, you won’t get a better deal than this.

America’s #1 Premarket Trader,
Davis Martin

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