Five Benefits to Day-Trading Training Workshops

Five benefits to day-trading training workshops provide instruction before putting one’s own money at risk.

The five benefits to day-trading training workshops give investors knowledge needed to pursue profits successfully, said Hugh Grossman, founder of the DayTradeSpy Ultimate Training Workshop. Without understanding the ins and outs of day-trading, losses can rack up quickly, 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 focused on a different aspect of option trading.

Five Benefits to Day-Trading Training Workshops: 1.  Ultimate Training

The Ultimate Training Workshop is foundational for understanding the basics of options for participants who want to graduate onto 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.

Five Benefits to Day-Trading Training Workshops: 2. Stocks Vs. Options

When a trader purchases a stock, for example, 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 options holder the right, but not the obligation, to trade the underlying stock for a certain price by a certain 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.

Five Benefits to Day-Trading Training Workshops: 3. Options

For those who are new to options, it is imperative to know key differences from stocks and their impact to 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 actually keep it, he added.

Five Benefits to Day-Trading Training Workshops: 4. Money Management Module

“Our Money Management module addresses this and other key factors, such as 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.

Five Benefits to Day-Trading Training Workshops: 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 minimizing 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.

Five Benefits to Day-Trading Training Workshops: 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 not enough to know only enough to be dangerous; you need to be aware of all aspects of options trading to enjoy long-term success,” Grossman advised.

Virtually all the trades involve options of the SPDR S&P 500- ETF Trust (SPY), the world’s most traded exchange-traded fund, Stephens said. SPY also is the largest and first U.S.-listed ETF.

With Business Spending Waning, Is Recession Risk Rising?

The U.S. Bureau of Economic Analysis (BEA) released its third estimate of real gross domestic product (GDP) growth last week 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.

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 a full press release on GO.

The use of SPY options offers an alternative to avoid the vagaries of the market that would befall investors if a recession hits.

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.