Seven Pluses to Day-Trading Training Workshops for Income

Seven pluses to day-trading training workshops for income provide valuable instruction before putting one’s money at risk.

The seven pluses to day-trading training workshops give investors knowledge needed to pursue profits successfully, said Hugh Grossman, founder of the DayTradeSpy Ultimate Training Workshop. Understanding the ins and outs of day-trading can help investors reduce the risk of incurring losses due to inexperience, he warned.

To provide the needed preparation, Grossman suggested that newcomers to day-trading or those who want to aim for consistent profitability participate in the DayTradeSpy Ultimate Training Workshop that he developed with his fellow seasoned trader Ahren Stephens.

The partners teamed up to prepare a total of 11 video presentations. Each session focuses on a different aspect of option trading.

In all its ”nuances,” the market is like a spouse who has ups and downs, Grossman said. Virtually all the trades the duo recommends involve options of the SPDR S&P 500 ETF Trust (SPY), the largest and first U.S.-listed exchange-traded fund (ETF).

“You just have to know when to hang around and when to stay away,” Grossman said. “Once you master SPY’s personality, the market is your oyster.”

Grossman said he and Stephens have seen almost everything the market can “throw at them.” The Ultimate Training Workshop is intended to help investors avoid making mistakes that will cost them money, Grossman added.

Seven Pluses to Day-Trading Training Workshops for Income: 1. Ultimate Training

The Ultimate Training Workshop is foundational for understanding the basics of options for participants who want to graduate onto to the DayTradeSpy Trading Room and the Pick of the Day advisory service, Stephens told me. The Pick of the Day is easier to use initially but the Trading Room opens up a potentially vast opportunity to profit from more sophisticated options trades, Stephens added.

The consequences of starting to trade options without adequate preparation can be costly.

“Many traders jump into the options market in total ignorance; hence the reason they quickly lose their money,” said Grossman, a seasoned options trader and trainer who heads the Ultimate Training Workshop, the DayTradeSpy Trading Room and the Pick of the Day advisory service. “Because options are linked to an underlying asset, they think they are simply trading a cheaper version of that asset. Nothing could be further from the truth.”

Hugh Grossman leads DayTradeSpy’s Trading Room and Pick of the Day.

Seven Pluses to Day-Trading Training Workshops for Income: 2. Stocks Vs. Options

When a trader purchases a stock, the investor is buying a piece of that company or fund. The value of that share depends upon the net value of the company, Grossman said.

“It is an asset that can be held, traded, willed to your children and even used as collateral to some extent,” Grossman continued.

Options, on the other hand, hold no asset. An option is a contract that gives the holder the right, but not the obligation, to trade the underlying stock for a certain price by a specific date, Grossman explained.

“There are certain implications to this that are very important, and to which many traders seeking to satisfy their drive to get rich quick are oblivious,” Grossman continued.

Seven Pluses to Day-Trading Training Workshops for Income: 3. SPY Options

For those who are new to options, it is essential to know key differences from stocks and their impact on one’s account, Grossman told me. In fact, with certain strategies, an investor may become obligated to more than the money in his or her trading account, he added.

“If not careful, you may find yourself indebted to your broker for a substantial amount,” Grossman said. “This is just one reason you need to understand options trading. It is also one key reason all traders, especially newbies, should consider our DayTradeSPY Ultimate Training Workshop. We cover these important aspects of trading, along with all key points to our methodology in earning a respectable daily income.”

Many traders know how to trade and even make money, Grossman said. But only a fraction know how to keep it, he added.

Seven Pluses to Day-Trading Training Workshops for Income: 4. Money Management Module

The Ultimate Training Workshop‘s Money Management module addresses “tips, tricks and traps on capital preservation,” Grossman said.

Unless a trader is familiar and actively managing his or her money, it is only a matter of time before they “blow up their accounts,” Grossman cautioned.

The Ultimate Training Workshop addresses the number one reason traders lose: lack of emotional control, Grossman continued. The Mental Aspects of Trading session is one of the most viewed webinars, where we discuss the effects of fear, greed, ego, “fear of missing out” (FOMO) and “you only live once” (YOLO), he added.

Those emotions will rule the trading with a “race to the bottom,” for those who fail to control them, Grossman warned.

“We actually offer you simple exercises to help you hone these all-important skills,” Grossman said.

“Income investors can benefit by learning about the foundational techniques of both fundamental and technical analysis to improve their investment decisions in both the long- and short term,” Stephens said.

Seven Pluses to Day-Trading Training Workshops for Income: 5. Repairing Trades

“Any trader who tells you they never lose is lying to you,” Grossman said. “We address losers head on with our Repairing Trades Gone Bad video, a must have for any trader. It’s all there, in the Ultimate Training Workshop.

“One vital point we teach in avoiding losses: do not use stop losses. While theoretically they sound promising, in reality, they do not work for options. We invoke other methods to minimize losses.”

Certain traders may wonder how Stephens pulls lofty predictions seemingly out of the air, Grossman said. However, there is “nothing magical” about it, Grossman added.

“He shows you in his segment with the Fibonacci and Andrews’ Pitchfork combinations, enabling you to earn stunning gains,” Grossman said.

Ahren Stephens co-heads of Pick of the Day and the Trading Room.

Seven Pluses to Day-Trading Training Workshops for Income: 6. Preparation

“Every trader, from beginners to seasoned pros, would benefit from our Ultimate Training Workshop,” Grossman told me. “We recommend viewing each session in its entirety first, noting key session times and returning to review them later. The advantage about the recordings is that you can always pause, rewind and fast forward, picking up the subtle nuances that make all the differences.”

The Ultimate Training Workshop is the culmination of more than 40 years of combined market experience from two seasoned traders, Grossman said.

“You owe to yourself to invest in yourself first, before setting a single penny in the all-consuming stock market,” Grossman continued.

The Ultimate Training Workshop quickly and definitively drills right into what matters, supporting all aspects of trading with 11 fast-moving, ‘compelling video modules,” each about an hour and a half in length, Grossman explained. From building confidence to growing your trading account using “exclusive money-making strategies,” participants are taught about trading.

It is insufficient to know only enough to be dangerous; one needs to be aware of all aspects of options trading to enjoy long-term success, Grossman advised.

Seven Pluses to Day-Trading Training Workshops for Income: 7. Day-Trading Resists Recession

The U.S. Bureau of Economic Analysis (BEA) recently released its third estimate of real gross domestic product (GDP) growth at a 3.4% annual rate for the final quarter of 2023, as well as 2.5% for the full year. But BEA  also reported gross output (GO), which is a much broader measure of total economic activity, including the all-important supply chain, which showed an economic slowdown, said Mark Skousen, PhD, the head of the Forecasts & Strategies investment newsletter and a Presidential Fellow in economics at Chapman University.

Mark Skousen, head of Forecasts & Strategies, meets with Paul Dykewicz.

“Real GO was a full percentage point below gross domestic product in the fourth quarter, 2.4%,” Skousen reported.

“Worse, business-to-business spending actually fell slightly, by 0.3%… and has been virtually flat since the start of 2022, as this chart shows,” Skousen wrote.

“GO and business spending are leading indicators, suggesting a slowdown and perhaps even a recession in 2024,” Skousen cautioned. Click here to read Skousen’s op-ed about GO and the risk of a recession in the March 5 edition of the Wall Street Journal.

Geopolitical Risk Rises With Death of Aid Workers and Civilians in Gaza

Israel’s efforts to find and destroy an extensive tunnel system in neighboring Gaza that has been used to stockpile weapons, as well as hide the leaders and Hamas militants who were responsible for the horrific Oct. 7 attack that killed an estimated 1,200 people and involved the taking of 240 hostages, have caused a heavy loss of life. The Gaza Ministry of Health estimates that a total of more than 33,000 Hamas fighters and civilians have lost their lives there since the war began Oct. 7, but this week’s death toll includes seven World Central Kitchen aid providers who perished when the three vehicles that they were using to distribute food were fired upon by Israel Defense Forces (IDFs) who reportedly mistook them for hostile militants.

Chef José Andrés called for an independent investigation and said the three-vehicle convoy was clearly marked with a sign of his World Central Kitchen charity, which reported the planned movements to the IDF in advance. The IDF announced that two senior officers had been dismissed as a result of its probe of the World Central Kitchen incident.

U.S. President Joe Biden spoke by phone with Israel’s Prime Minister Benjamin Netanyahu to caution that future U.S. assistance to Israel will hinge on how humanitarian interests are addressed in Gaza moving forward. Biden added that he was “outraged and heart broken” by the deaths of the World Central Kitchen aid workers.

The number of injured people from the war in Gaza is estimated by its Ministry of Health to reach 75,600 people. Israeli military officials reported that at least 256 of its soldiers have been killed since they entered Gaza to try to free an estimated 100 hostages who remain alive, along with the return of remains from 30 people who reportedly were killed during and after the Oct. 7 raid.

In another international hot spot, Russia’s military forces are advancing in eastern Ukraine after capturing the key town of Avdiivka in February. Ukraine’s soldiers are trying to hold their ground, with long-term shortages of artillery shells with the U.S. Congress unable to agree upon providing additional assistance.

The use of SPY options offers an alternative to avoid the vagaries of the market that can hurt investors, especially if a recession arises and geopolitical risk worsens.

Paul Dykewicz, www.pauldykewicz.com, is an accomplished, award-winning journalist who has written for Dow Jones, the Wall Street Journal, Investor’s Business Daily, USA Today, the Journal of Commerce, Seeking Alpha, Guru Focus and other publications and websites. Paul, who can be followed on Twitter @PaulDykewicz, is the editor of StockInvestor.com and DividendInvestor.com, a writer for both websites and a columnist. He further is editorial director of Eagle Financial Publications in Washington, D.C., where he edits monthly investment newsletters, time-sensitive trading alerts, free e-letters and other investment reports. Paul previously served as business editor of Baltimore’s Daily Record newspaper. Easter Season Sale! Paul is the author of an inspirational book, “Holy Smokes! Golden Guidance from Notre Dame’s Championship Chaplain,” with a foreword by former national championship-winning football coach Lou Holtz. The uplifting book is great gift and is endorsed by Joe Montana, Joe Theismann, Ara Parseghian, “Rocket” Ismail, Reggie Brooks, Dick Vitale and many others. Call 202-677-4457 for reduced pricing on multiple-book purchases.