SPY on the Market: Hugh’s Favorite Strategy: Scalping

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: Hugh’s Favorite Strategy: Scalping by Hugh Grossman and Ahren Stephens 02/29/2024 SPONSORED CONTENT [How To Become a One-Percenter in The Next Six Months]( According to Fortune, you need to be pulling in at least $650,000 every year to be considered a one-percenter in America. Now, to make that kind of money in one year, you’d usually need to own a booming business, climb the top of the corporate ladder or hit a jackpot in Vegas… But one breakthrough trading system can help you make “one-percenter” money, in the next six months. [Learn about it here.]( I don’t talk about this very often, but my favorite “go to” strategy when I am looking for a quick hit is scalping. You see, I am just not that smart to be able to know where the market will be a year from now. In fact, I don’t know where prices will be at the end of the month or even a week from now. But I do have a very good idea as to where SPDR S&P 500 ETF Trust (SPY) is headed in the near short-term. I have always admired those who are much smarter than me, like our own resident expert, Ahren Stephens. He is a wiz at predicting longer-term future benchmarks. He may have more patience for those runs further out, but for me, I just want to make money -- quickly. Instant gratification. Oddly enough, I usually get it. I look at a number of factors, including where the SPY stock is now in relation to any support or resistance levels. I check out chart patterns and other technicals. I also look at recent market-moving events and upcoming news that may have an influence on pricing. This combination of fundamentals with technicals is how we can anticipate major market moves. Once I establish my setup, I look to enter a trade using my favorite technique: scalping. This amazing methodology invokes a higher dollar investment but looks for smaller gains, usually five to 10 cents. You may not think this is worthy of your efforts, but consider that on 100 contracts, each cent move on the option equates to a $100 gain. At a 50 delta, that is generally only a two-cent move on the stock. A 10-cent move on the option is a $1,000 gain. Sponsored Content [Forever Stocks: Expert Says, Buy These Now And Hold Forever]( Buy and hold investments are a great opportunity to make great returns in the long term, but what about today? Investing expert Justin Vaughn's latest free report reveals his top five picks for companies that reward their shareholders with dependable dividends and explains how to harness the power of reinvesting those payments... In "Dependable Dividends", Vaughn says... [Click here to read more...]( This happens all too often. Even a mere five-cent gain, which you often reach in seconds, amounts to $500. The smaller the gains, the more likely you will hit your target and hit it exponentially quicker. Then, you simply repeat the process over and over again. On days with higher volatility, it is quite common to execute 10 of these tiny gains before most of corporate America takes its first coffee break. Then, you can shave a little off the top -- over and over again -- and you can build up a nice cushion -- financially speaking, of course. Even more so, I find it so much fun and exciting. With scalping, we do actually beat the S&P 500 in its own game. If you want proof of its effectiveness, check out any “at the money” options chart on any given day for a look at how many times the market delivered increases of 10 cents or more within a minute or two. That exercise alone will also confirm that if you miss a trade, another one waits only moments away. Truly, how generous the market is! This is a strategy I like to invoke when I want or need a lot of money quickly. It does involve being at one with the market, and not just being some passive bystander. Your engagement delivers handsomely when you pay attention, focus and behave deliberately, with commitment. You can go in and out, quickly and many times. [Step by Step Guide to Revolutionize Your Options Trading]( Would you like a step-by-step guide to walk you through how to maximize your Options strategies? Best of all, anybody can learn how to do it. All you need is about 1 hour to learn how you can execute this simple strategy. [Do NOT miss this opportunity to revolutionize your Options trading.]( Now for some great news! In response to many of your requests, we are hosting a special “Power of Scalping” Workshop. This will be a live webinar during market hours, where we will not only show you the strategy but, market willing, demonstrate it in real time. Quite possibly, we may execute more than one such trade, narrating the entire process. We will also answer your questions in a real time, real market environment. The “Power of Scalping” webinar will be at 11:30 a.m. ET, Wednesday, March 6, hosted by Ahren and myself. Those of you who already subscribe to our Trading Room will also know how much fun this will be. I don’t talk about scalping much, possibly because it is not for the beginner, per se. But with a little practice, you’ll soon discover the power this strategy holds. Some have even claimed it is immoral to trade this way. Are you ready to take your trading to the next level? Then join us for this exclusive workshop at 11:30 a.m. ET, on March 6. The Power of Scalping! [Click here for details](. This workshop will be recorded in case you cannot attend live. It is also very affordable, as we are offering it for a special price of only $199. If you have no clue about options, [click here]( to register for our Sunday night at 8 p.m., ET “Intro to Trading” webinar. 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. Visit Our Websites: - [StockInvestor.com]( - [DividendInvestor.com]( - [DayTradeSPY.com]( - [CoveredCall]( - [MarkSkousen.com]( - [GilderReport.com]( - [BryanPerryInvesting.com]( - [JimWoodsInvesting.com]( - [InvestmentHouse.com]( - [RetirementWatch.com]( - [SeniorResource.com]( - [GenerationalWealthStrategies.com]( - [InvestInFiveStarGems.com]( - [[YouTube] Visit our YouTube Channel - Eagle Investing Network]( To ensure future delivery of Eagle Financial Publications emails please add financial@info2.eaglefinancialpublications.com to your address book or contact list. View this email in your [web browser](. This email was sent to {EMAIL} because you are subscribed to DayTradeSPY's SPY on the Market. To unsubscribe please click [here](. If you have questions, please send them to [Customer Service](mailto:customerservice@eaglefinancialpublications.com). Legal Disclaimer: Any and all communications from Eagle Products, LLC. employees should not be considered advice on finances. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized advice on finances. Eagle Financial Publications - Eagle Products, LLC. - a Salem Communications Holding Company 122 C Street NW, Suite 515 | Washington, D.C. 20001 [Link](