SPY on the Market: Trade Small, Trade Often

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: Trade Small, Trade Often by Hugh Grossman and Ahren Stephens 05/23/2024 SPONSORED CONTENT [One options strategy. 10 minutes to set up. 94% win rate]( Is there a simpler way – a faster way – and a more lucrative way to trade options? If so, I’ve yet to see it. For those who’ve traded a call or put option before, this system is... Simple: Open an email. Fast: Enter the options symbol into a trading account. Place the trade shortly after the opening bell. Lucrative: I’ve hit on 94% of my trades with it. [Click here for more info.]( There is safety in numbers. That is why animals seek cover in a group of similar animals. Known as the dilution effect, an animal on its own is clearly at high risk if a predator notices it. But if it’s a group of N animals, it now has only a 1/N chance of being eaten. Not only do animals travel in herds but they position themselves to be in the middle of the group for optimum protection. Animals have selfish expectations that someone else will become the victim. They have it figured out. When my daughter goes out on the town for a bar crawl, she goes in a group of six to eight girls. I pity any guy who gets on their bad side! Protection in numbers. There is also safety in numbers for traders. We all mess up sometimes. I overcooked my dog’s dinner last night (sorry Lucy). I got pulled over on the interstate recently for speeding. And when I was in Florida on a business trip, I sent a postcard back home to my wife… “Clearwater beach is beautiful…. wish you were here!” Except that I forgot the "e" on the end of ‘here’. She wasn’t impressed. LOL! Sponsored Content [Jeff Bezos' Plan Exposed]( Located 30 miles from Baltimore - Jeff Bezos has been quietly investing in one tiny company that's ground zero of a technology revolution that's going to change everything. Bank of America said the technology would be, "Bigger than fire and bigger than all the revolutions that humanity has seen." [And for investors who get in now profits could be massive - click here for full story.]( For traders, one horrible trade can have a life-changing effect. The law of large numbers suggests that the average of the results obtained from a large number of independent and identical random samples converges to the true value, if it exists. Simply put, if you have many small successes but lose on one, it will not destroy your overall results when compared to the scenario when you have a single huge trade and suffer a significant loss. Even if you are absolutely sure of a success going into a trade, resist the temptation to go all in. Sooner or later, you will lose. Should you score on a sizeable trade, you may be led into thinking you did great and continue to go all in, when, in fact, you just got lucky. Eventually, you will take a hit. This is how people blow up their accounts. Imagine if you have a $10,000 account. Without trading up your profits, you can place ten $1,000 trades, perhaps earning a modest $50 on each, or $500 in total. If one of those trades turns on you, it will slow you down slightly but not destroy your overall positive trajectory. But if you placed one trade for $10,000, and it turns south, you’re done. It happens. Besides, for those of us who love to trade, we get the same fulfilling satisfaction of a win on smaller gains as with the home runs, so you may as well enjoy the ride even more. The maxim stating "trade small, trade often" is especially favored in range-bound markets where it’s easier to score smaller profits multiple times during the trading day. You can "normalize" messing up in finance by creating lots of occurrences and everything will average out. It’s also the best way to turn failures into successes as you analyze and correct your trading behavior. [From Financial Fear to Good Fortune]( Jerome Powell just made buying a home more challenging, and the Magnificent 7’s momentum is collapsing. If these headlines don’t grab your attention, then you’re asking yourself when the FED will start cutting rates. With so much uncertainty, may I suggest an alternative strategy to just hoping…a method to enhance what you’re currently doing with more precision and confidence. [Learn the top 3 stock trends]( we’re looking at right now for explosive bullish potential. If you are a new trader, learn our basic material. Execute many paper trades first, logging them and learning from your weaknesses. Logging is not just a futile exercise: the more detail you provide in your notes, the more you can derive from your experiences and reduce the number of errors. Focus only on what works. Once you have 30+ solid paper trades, transition into real money. Start slow with, say, $1,000 each. Trade one real trade, then five paper trades. After a while, trade two real trades, then four paper trades… and so on. Once you are full on with real trades, stay focused but continue to trade small and trade often. Only when your account has grown significantly should you up your investment, bearing in mind that if you lose it all, it should not adversely affect your trading career. These are all things we teach in our daily Trading Room as a normal course of our morning. Ahren Stephens and I have your back in all aspects of trading, including strategies, fundamental and technical analysis, mental aspects of trading and even your long-term trading career goals. If you are familiar with calls and puts, join us in the Trading Room, mornings 9:20 to 10:30 a.m., ET. [Click here]( to subscribe. If you are still searching, [click here]( to join us on our Sunday night Intro to Trading / Week in Review webinar at 8 p.m, ET. 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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