Just when you thought things were starting to calm down with recent news of bailouts and bidders to support the 2nd largest bank failure in history, this happened yesterday morning: To you, this may seem like yet another reason to give up on ever trying to get a handle on markets.  For Uncle Jeff, however, this is GOLD! Lately, I’ve been trying to educate you on the list of trading tenets…my 10 commandments, so to speak, that I have taught thousands of traders just like YOU to implement into their trading. You see, countless “market experts” love to suck customers in by showing charts wi ..read more

The SPY is coming off a week where it gained nearly 2% as markets look to rally off a 3-week losing streak. With a week of heavy economic data coming up, I’d like to share with you my single favorite indicator I use when day trading the SPY during volatile market conditions.  Besides using this ONE indicator to help me with my entry and exits on the SPY, I also love how I can see market data coming up and then prepare my trades around that. It’s one of the unique aspects of trading the SPY or S&P500 that stock traders don’t necessarily have. Being able to see the pitch coming a day or ..read more

Has the market been trending higher in 2023?  Absolutely. Did the market surprise many on Tuesday after it held up strong in the wake of a stronger than expected CPI inflation report? You betcha. That said, so far the market has remained locked in a range in February. Teachable Moment: Most people don’t think about this, but market corrections come in two forms: price and time. A price-related correction means that a stock’s share price retraces (declines) a meaningful portion of the preceding rally before that rally eventually resumes. A time-related correction means that a stock’s share ..read more

In part 1, part 2, and part 3 of this 9 part series … … I taught why this strategy is better for trying to build a small account compared to penny stocks.  Now let’s examine HOW it works.  Options trading BLUEPRINT for traders with SMALL ACCOUNTS. HOW to get 3 ways to win on every trade. NFLX is at $348. When a novice trader buys the $340 out-of-the-money put there’s only one way to win. NFLX must fall below $340.  This gives them low probability, let’s say 30%.  That $6.10 price of the put option they bought has no true value.  It’s only made up of time.  Every ..read more

In part 1, part 2, and part 3 of this 9 part series … … I taught why this strategy is better for trying to build a small account compared to penny stocks.  Now let’s examine HOW it works.  Options trading BLUEPRINT for traders with SMALL ACCOUNTS. HOW to take high probability trades.  It’s well documented that most small-time traders lose money. Why? Here’s one answer.  My strategy?  Take the opposite side of the low probability, out-of-the-money put options they buy.  I encourage you to read the above headline and sub headline again.  I repeat.  My s ..read more

Small trading accounts get destroyed by the PDT rule, FOMO, and drinking the Kool-Aid. Address those headon and you might have a chance.  WHY drinking the Kool-Aid is a problem for small account growth … … and how my $2,000 Small Account Journey addresses it.  As we discussed in part 2, penny stocks often go supernova. But they are dangerous for the trader desperate to grow a small account. Because monster breakouts lead to fear of missing out (FOMO). Which leads to chasing. Which leads to catching the top. Which leads to drinking the “Kool-Aid”. “Drinking the Kool-Aid” refers to a t ..read more

Small trading accounts get destroyed by the PDT rule, FOMO, and drinking the Kool-Aid. Address those headon and you might have a chance.  WHY fear of missing out (FOMO) is a problem for small account growth … … and how my $2,000 Small Account Journey addresses it.  No question about it, I think this strategy is better than penny stocks for trying to grow a small account. Ever chased a penny stock breakout? Bought the top, watched it dump, and take a 40-50% loss? Yup, me too. Fear of missing out (FOMO) preys on your emotions and works against your goals. Even worse, you drink the Kool ..read more

Small trading accounts get destroyed by the PDT rule, FOMO, and drinking the Kool-Aid. Address those headon and you might have a chance.  WHY the pattern day trade rule (PDT) is a problem for small account growth … … and how my $2,000 Small Account Journey strategy addresses it.  January 1st I started teaching and trading the $2,000 Small Account Journey strategy. I teach from a daily watchlist and send trade alerts straight to your smartphone before I enter and exit. There were 8 trades in the first 6 weeks. The $2,000 grew to $7,327 or 266%. The strategy works one trade at a time o ..read more

$2,000 SMALL ACCOUNT JOURNEY PART 1 of 9: PATTERN DAY TRADE RULE PART 2 of 9: FEAR OF MISSING OUT No question about it, I think this strategy is better than penny stocks for trying to grow a small account. Ever chased a penny stock breakout? Caught the top, watched it dump and take a 40-50% loss? Yup, me too. Fear of missing out (FOMO) preys on your emotions and works against your goals. Even worse, you drink the Kool-Aid and become a bag holder, more on that later. Listen, it’s natural to get caught up in the excitement and penny stocks are notorious for doing this to traders. It’s not your f ..read more

How’s your side hustle going? It should be going GREAT since I showed you the buying opportunity that SPY was giving you as it dipped down to its rising 20-day moving average the other day. The question now, however, is where does the market go from here? Ever since retail traders showed evidence that they were panic selling late last year, it’s pretty much been a straight line higher for SPY in 2023. Unfortunately, we are starting to see signs that the market may be getting a little too bullish. After 20+ years of teaching folks like you how to trade these crazy markets, trust me when I tell ..read more