Stocks finished the week strong, with the major indices setting fresh record highs on Friday. Everyone seems very relieved a rate hike is off the table (for now).
The S&P 500 advanced 2.5% in the first two weeks of July and has run up more than 10% from its June 3 low. It’s hard not to wonder how much longer stocks will keep chugging higher, but they haven’t shown any signs of slowing down (yet).
Here at Daily Profit Machine, we’re not showing any signs of stopping either!
Below is a snapshot of how my Trade of the Day has fared this month. Each day, I suggest a single call or put option on SPY, the ETF that tracks the S&P 500.
The average daily max return on my Trade of the Day so far in July is more than 60%. What’s more, 55 out of the past 56 trades (hey, nobody is perfect!) had the potential to make traders some serious money. That means you could have had a 98% win rate.
As you can tell from my Twitter feed, members are more than a little excited about the recent gains.
I love what I do. I love trading, and I love helping other people make the kind of money trading that can truly make a difference in their lives. And that is true whether they are an experienced options trading machine or relatively new to the game.
Take Friday’s trade, for example. Friday’s market was one for advanced traders.
For some time now, I have been pointing to SPY $300 as an important level to watch. When I sent the Trade of the Day 30 minutes prior to the market open on Friday, I told members that SPY needed to hold $300. If it didn’t, I said we could very well see a green to red move.
But if it did hold that level, I said an inverse head and shoulders could lead to some serious bullish gains. That’s exactly what happened, and traders had a chance to make up to 102% on the call option I suggested.
Think about that for a second… you could have more than doubled your money on a single trade open for less than a day.
As I said, this was a tricky day in the markets, and I was sure to send a shout-out to members congratulating them on their gains:
It also warmed my heart to see some newbies successfully getting in on the action Friday:
Jim R. was able to book a 21% return on his very first Trade of the Day. And while Jimmy P. decided to paper trade (something I recommend anyone new to this tries out), he saw a 20% gain on a 35-cent move in SPY.
Sure, returns of around 20% might seem conservative compared to the 100%-plus move that was possible from Friday’s Trade of the Day. But how many traders do you know that wouldn’t be happy with that kind of profit in a single day?
Looking forward to next week, SPY $300 remains the key level to watch.
Make no mistake, the market is due for a pullback at some point, but this is a tough trend to fight. I don’t plan to put my dukes up and neither should you!
What I will be doing instead is monitoring the charts closely each morning to determine the best direction to trade. Once I do that, I’ll select what I think is the single best option to play that direction. And I’ll send it to traders 30 minutes before the market opens so they have plenty of time to get in.
Even if you’re new to options trading, I’m confident you can be successful with my system.
In addition to the Trade of the Day, I offer Daily Profit Machine members a wealth of educational material that can transform a novice trader into an options expert in no time. These include lessons on the most profitable chart patterns and indicators I use day in and day out.
If you’re interested in learning — and profiting — alongside me, you want to sign up here.
America’s #1 Premarket Trader,