This is where Hugh periodically posts his take on the market, stocks and his own views on events.

Check this section frequently… you never know what will be posted.

It’s All About Life Balance

Successful traders balance their lives. They are not consumed by the market. They do other things, unrelated to trading. They play with their kids/grand kids, they enjoy hobbies and work on meaningful projects or volunteer. They are not obsessed with their positions....

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Market Update – May 24, 2019

SPY began the week with a significant drop from the 287’s down to the low-284’s before the opening bell. Despite that drop, however, volatility quickly returned to reasonable levels and encouraged traders to buy. SPY climbed through the morning, adding about $1.50...

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Market Update – May 10, 2019

Concerns over the US-China trade negotiations weighed heavy on US markets on Monday. A single Tweet over the weekend from the President threatening to impose new tariffs on Chinese imports suddenly sent SPY dropping more than $6 in the pre-market trading. However,...

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Stock Trading vs. Options Trading

I get the question all the time – what is the difference between stock trading and stock options trading? Well, picture this. Stock trading can be compared to gambling at a casino. You’re always gambling against the house, so if you and your fellow gambling friends...

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Market Update – May 3, 2019

Monday began with a bright outlook. The optimism leading up to the opening bell carried over into the trading day as investors looked positively toward the next round of trade negotiations with China and the upcoming Federal Reserve interest rate announcement set to...

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5 More Attributes of Options

Check out our blog on the first 10 characteristics of stock options. Here are some additional characteristics of stock options. In-the-Money: strike price is less than the current underlying stock price (calls… inverse is true for puts) At-the-Money: strike price is...

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10 Attributes of Stock Options

Read our blog post on how stock options work. Since we’ve already covered how stock options work, it’s definitely beneficial to know the characteristics of stock options before trading. One stock option controls 100 underlying shares. The bid price is the price the...

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Market Update – April 26, 2019

With relatively little news affecting the markets this week as many in the political and financial realms enjoyed an extended holiday weekend. On Monday, traders recognized a good deal as SPY dropped in pre-market and sent the price higher through the day. SPY ended...

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Market Update – April 5, 2019

The second quarter of 2019 began with US markets performing strongly. SPY opened on Monday at 284.71 and climbed at a steady pace through the day on gains in the tech and financial sectors. A little more than a dollar was added by day’s end. Tuesday was characterized...

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What are stock options?

If you’re new to stock option trading, you’re probably asking yourself, “What the heck are stock options?” For those of you who don’t know all of the terms and definitions, this post is for you. So what are stock options? A stock option is a contract or agreement that...

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Habits of a Winning Trader

Just like with any profession, there are some key habits successful traders adopt in order to continue their success in the market. Here are some habits of winning traders: Traders regularly reflect on their trading performance... …even if this means relearning the...

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Market Update – March 29, 2019

After a time of large moves, SPY generally remained steady throughout the week, usually trading within a few dollars’ range. Monday began with positive news about the outcome of the Mueller Report and optimism of continuing negotiations with China. However, losses in...

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Trading Options While Abroad

When I close my eyes and envision my “happy place,” I see a deserted white sandy beach, blue waters and cliffs full of foliage emerging out of the water in the distance. Little did I know that my imaginary place had a name – Thailand. I first packed up my life and...

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What if you only traded one stock option

Most stock traders trade a variety of stocks – banking on profiting those that skyrocket. This is how I started my trading career. I knew little about stocks, only from what I learned through my finance classes in university. Upon watching a football game, a thought...

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How Hugh got into Stock Option Trading

Hugh’s life lessons in his pre-trading career Good afternoon traders! Like many, I started my life over at 55 years old. I owned an establishment that was dwindling and I was a single father of two. My life was spiralling down rapidly and not only did I need to...

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Dealing with Greed in the Stock Market

The market is said to be driven by two emotions: Fear and greed. We all want to get rich quick, but these “strategies” are often costly and have detrimental effects on an investor. The Internet boom in the late 1990’s is a great example of the influence of greed in...

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The Winning Attitude of a Stock Trader

People often wonder how some make it big on the stock market. The stock market is often compared to gambling, so success boils down to sheer luck right? Wrong. Being successful on the market nothing to do with luck and everything to do with analyzing the information...

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A day in the life of a day trader

When I was younger, my class had the opportunity to join one of our parents at their workplace for “take your kid to work day." Of course, many of us were excited to get the day off of school and do something different. I remember being timid, sitting in the corner of...

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Day trading doesn’t have to be a full time job

When people ask what I do for a living and I answer stock option trader on the NYSE, I get two reactions: envy and worry. They’re envious of the prestigious and risky lifestyle it leads. Many people dream of being risky, but don’t have the courage to live it. Then,...

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Market Update – March 22, 2019

Monday began a tumultuous week of big news and bigger moves. Being one of the tamer days, SPY rose on Monday as a result of modest gains from the banking and retail sectors, as well as renewed optimism in the US-China trade negotiations. On Tuesday, SPY struggled to...

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PayPal Inc. Chooses DayTradeSPY

This was first released in 2018 but is worthy of a repeat post. When I consider the odds, the naysayer 'experts' who say is 'can't be done', yet we're doing it along with many others... just read their accolades. It behooves the reader to do their own independent...

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Market Update – March 15, 2019

The week began with a sense of determination – after a few difficult days battling a pessimistic market, investors were keen to add confidence to their positions. Soon after the opening bell on Monday, the bulls were let out of their cages, sending SPY climbing by...

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If I Could Only Afford One eBook…

Then I would say, "Hold onto your money." I often get the question, "Which e-book or video would you recommend if I could only buy one?" Truth is, all our products and services are best absorbed together as part of the whole training program. Like the cogs of a wheel,...

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Market Update – Mar. 4-8, 2019

A tumultuous week in the markets began early on Monday as optimism eroded soon after the opening bell. Losses were seen among the tech, healthcare and financial sectors and investors were concerned about the lack of detail of a possible trade deal with China. A five...

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Market Update – Mar. 1, 2019

SPY began the week just below 281 after a strong run upward in the pre-market trading on news of progress from the US-China trade negotiations and confirmation from President Trump that the increased tariffs on Chinese imports will not come into effect on March 2 as...

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The Higher Purpose to Trade

Sure, we all want to make money but the that's just part of it. What you do with the money is the other part. One of our members, Darold, puts his profits to the greater good: helping children in third world countries. Not just the normal donations but he and his...

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Market Update – Feb. 11-22, 2019

Monday began on a losing note as nervousness ahead of the upcoming trade negotiations between the US and China loomed heavy. SPY opened in the low 271’s and inched its way downward throughout the day. Even strong gains from the energy, industrial and banking sectors...

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Market Update – Feb.1, 2019

Earnings season plays a crucial role in the performance of the market. Most days, stocks fluctuate based on expectations – in earnings season they move on data. Monday morning was dominated by the bears as the markets grappled with a slowing global economy and...

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Market Update – Jan. 14-18, 2019

As the holiday season washed out and traders began to return from their vacations, one of the first “regular” weeks of trading in 2019 was ruled by optimism. Here’s how it panned out. SPY began in climb out on Monday, starting off $256.86. Worries over global economic...

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Are You and Impulsive Trader?

Impulsive trading is any trade outside your specific strategy. We all do it, even professional traders, although we like to recognize it as such and quickly exit or get in and manage accordingly. Some say impulsive trading is lack of discipline. Only partially...

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Market Update – Jan. 4, 2019

News events have an uncanny power to shift markets. Particularly in uncertain times such as these, each heavyweight news story seems to have a life of its own – and when they come about, other influences seem to vanish. The week began with the last trading day of...

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Market Update – Dec. 28, 2018

After a week of significant losses, many had their eyes on the markets’ performance during the Christmas period to gauge the health and stability of our economy. Here’s how it paned out: The week began with a truncated trading session on Monday ahead of Christmas Day...

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Market Update – Nov. 26-30, 2018

Few people possess the heavy-weighted power to move the markets. It almost seems impossible – how can the fate of thousands of companies, billions of shares, trillions of dollars (maybe more…) rest in the hands of a few short words that roll off the tongue? Few people...

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Holiday Trading

Now that we’re through the Thanksgiving break and quickly coming up on the Holiday Season, I thought it would be a good idea to reflect upon how these unique times affect our trading. Here’s what happened last week (November 19 to 23, 2018): SPY began the week with a...

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High Volatility can be Dangerous

Hugh Grossman discusses how options are affected by volatility and how he manages to successfully trade when it is high. Hugh W. Grossman, Head Trader at Day Trade SPY.   Hugh Grossman is the founder and Head Trader at DayTradeSPY and uses his vast experience...

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Education First, Then Trade!

Trader Alex discusses why most people fail at options trading and how getting the right education helps put you on the path to success.   Hugh Grossman, Head Trader at Day Trade SPY.   Hugh Grossman is the founder and Head Trader at DayTradeSPY and uses his...

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Even Experts Can Fail

You may have noticed something peculiar in the Live Trading section of our Recent Results page. It is a strange oddity that that sticks out like a sore thumb - on September 21 we had our first losing trade in a very long time. As many of you know, we pride ourselves...

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It’s All About Lifestyle

A recent survey identified a key 'weakness', according to some folks in our Trading Room. They thought that I, Hugh, seemed to be more concerned about enjoying life, hanging out at the beach or simply doing things other than trading all day. Pretty funny, I thought,...

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‘Learn to Trade’ Podcast #3

Hugh W. Grossman tells how he harness the power of options to make consistent daily profit! You can tap into Hugh's experience and wisdom by visiting daytradespy.com.   Hugh Grossman is the founder and Head Trader at DayTradeSPY and uses his vast experience...

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‘Plan the Trade…’ Podcast #2

Join Trader Alex as he discusses the importance of planning your trades and sticking to that plan. Day Trade SPY teaches its clients to earn stunning daily profits, consistently, using one stock and one strategy. Check out our recent results an testimonials at...

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‘Become an Expert’ Podcast #1

Join Trader Alex as he discusses how to become an expert at day trading options of the S&P 500.Day Trade SPY teaches its clients to earn stunning daily profits, consistently, using one stock and one strategy. Check out our recent results an...

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Easy Tips to Help Your Trading

It might sound elementary but there are some simple, easy things you should do to help your trading. Use good, high resolution monitors. You will be spending a lot of time looking at these and staring at fine detail. Preserve your eyes as best as possible with the...

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Longest Running Trading Room

We are proud to say we hosted the longest running live trading room with regards to day trading SPY options, and likely any other trading, to the best of our knowledge. It was seven years ago we started Live Trading with the Pros on a lark. "Let's try it and see what...

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Why I Dislike High Volatility

Some folks trade it, I fear it... here's why: With high volatility comes high prices. Call options with normal Implied Volatility (IV) at, say 8% may produce 'at the money' options costing, say $1.20. Conversely, IV at 30% which we have seen recently and much higher,...

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Dividends Affect Options

SPY is the world's largest Exchange Traded Fund with $240 billion in assets under management. Stockholders as of the ex-dividend date are eligible for the dividend. Interested in receiving this windfall? Make sure you buy the stock by the day prior. These dates are...

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Too Broke to Learn?

There is always a reason to not do something, especially when it requires a sacrifice. Learning to trade is no different. Consider the cost of ignorance if you don't get training. One trade can wipe out your account. Why risk it? Today, not having money to learn to...

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Perils of Study Groups

Every so often, someone suggests we form a study group or Facebook page whereby students interact with each other. The only problem is, they sound good in theory but they don't work. Many of us have been in these in the past and perhaps you share the same...

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What Makes Hugh Qualified?

Good question, one I get every now and then...glad to be able to answer it. An 'expert' is generally someone who knows more than the person asking. I may not know how to play the guitar but if I see someone else playing it, to me, they are the expert, even though they...

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Don’t Piss Off Your Friends

Yup, it happens. You suddenly start making some serious money on the market, spend accordingly and your friends vanish. Don't think it will happen to you? Don't be so sure. Your friends love you but it's human nature to associate with people of like minds, like values...

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Why Isn’t Everyone Trading?

Of your own circle of friends and acquaintances, how many do you know invest themselves vis a vis handing their hard earned money off to a financial guru? If you're like most people I know, most would rather, incredibly so, let someone else be responsible for dictate...

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Why We Post Only 30 Days’ Results

I am sometimes asked this question from prospects looking for more data on our results. Presumably, they're looking to use our services but need more information. The reason we use a 30 day rotating Recent Results (Pick of the Day and Launch Pad) is because we...

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Imagine How Much You Can Know If…

... if you undertake just one new project every year! A gentleman I spoke with recently, Stan, talked about something he had started in his '20's. He explained that his schooling was just the start of his education and after earning his degree, he returned to school...

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