SPY on the Market: A Hot Tip on Getting Filled

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: A Hot Tip on Getting Filled by Hugh Grossman and Ahren Stephens 03/07/2024 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.]( Hardly a day goes by without someone commenting that they did not get their orders filled. They often ask how I seem to be able to buy and sell when they cannot. I have even been accused of having some inside connection to the market. I wish! If I had an inside track to the market, I would not be here teaching you how to trade. Instead, I would be sitting on a beautiful beach in Tahiti sipping on drinks with little umbrellas in them, served by some of the most gorgeous pearls of the South Pacific. Trust me on that one. The following is what often happens when the unknowing trader tries to buy a call option, for example. He/she sees the stock price rise, clicks on the ask price of, say $2.50. It does not fill but the price is now $2.52. He/she cancels and re-enters the buy price at the new ask of $2.52. Same thing, but it is now $2.55. He/she cancels and replaces the new buy price of $2.55. It happens again. And again. This charade goes on, with the trader chasing the price up until he/she is finally filled at $2.70. Unfortunately, the fill came when the price hit resistance and started coming back down. Our trader was prepared to pay the ask of $2.50 and is now stuck with having paid $2.70, as the market is now tanking. Next, he/she looks at those calls. The price is now $2.40 and dropping. In general, you want to buy the price as it is rising, not falling. The feeling is one of frustration, then anger, as our trader continues to watch it climb back up. Only he/she is out, having sold it on a stop loss. Yet, I may have made the same purchase for $2.52 and sold at my target of $2.67, snagging a quick 6%. Then, I am done for the day! Sponsored Content [We've just released a new special report that details the top 10 stocks to own now.]( Some are delivering stellar earnings... others are at the forefront of an explosive trend... others dominate their industry. All offer tremendous opportunity no matter what the market does. [Get the full list here FREE]( Here is the trick. When you see the price of the underlying stock escalate like it does, grab that option quickly and decisively. If the ask price is $2.50, enter a buy price slightly higher than the ask -- say at $2.52. That puts you at the front of the line as the call option price moves up. You stand to buy it right away as the price rises. Your instant fill also comes back, giving you time to quickly turn around and sell it for your target price. It happens quickly, and I am often in and out of my trade within a couple short minutes -- sometimes mere seconds. When I first started trading with other groups, they laughed at me and suggested that this is amateur hour and that I don’t know what I am doing. They can laugh all they want; it was me laughing all the way to the bank after making my profits off the backs of these “amateurs.” You see, I noticed that most of my major gains were made in that first trade of the day. In addition, the euphoria of that initial move, coupled with pent up demand, most often sent call prices higher than their true value. Options traders would be chomping at the bit to enter that trade to take advantage of the rising market, thereby pushing up demand -- and hence, the price of the call options. Meanwhile, I would be at the front of the line, and I would be the one grabbing the buy and selling it just as quickly. Yes, it feels counterintuitive, but it works. [3 Steps for Surviving the "Perfect Storm" Market Crash]( Recent moves by the Fed could wipe out billions of dollars in the market…worse than the .com bubble, housing meltdown, or covid-crash combined. Navigating this requires more than gut instinct; it calls for the sophisticated edge that artificial intelligence trading software provides. [Learn to Protect Your Money Ahead of Any disastrous Event for FREE >]( The reverse is true for selling. When you see the prices drop, the astute trader will take a couple cents less in order to fill their order. It is a very ill feeling when you are stuck with an overvalued option you cannot get rid of, especially considering that theta loss is also eating away at it like a cancer. If you want it, buy it. Plain and simple. This is just one of the many tips, tricks and traps you will learn in our Trading Room. I discovered it while I was deep in the trenches years ago and trying to figure out exactly why I was not getting filled when others were. If you are new to trading options, [click here]( to join us every Sunday at 8 p.m. ET for our free Intro to Trading/Week in Review session. If you already know what calls and puts are, jump straight into our Trading Room. [Click here]( for details. By the way, what happened to those calls I quickly sold for $2.67? Thank you. It may have been you who bought them! 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. 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