Good Afternoon!
This is Davis Martin from PennyPro Elite.
As many of you know, I am a fairly active SPY options day trader. I trade SPY up via call options, and trade SPY down via put options, depending on what the market is doing. This allows me the opportunity to profit when markets go up, and when markets go down.
Lately a question I have received on several occasions is "do you trade anything other than SPY options?" The answer is YES.
I swing trade both individual blue chip stocks and individual stock options and am up over $50,000 dollars on a much smaller account doing so. Both long and short. This means I look for opportunity in green and red markets. As long as the market is moving one direction or the other, I look for profitable yet safe trades.
With my swing trades, I look for modest, consistent returns, which can compound over time. I avoid greed at all costs. The stocks I swing trade are a little more expensive than what you might be used to seeing. With that higher price tag comes added safety, and the choice to trade options on them, should the stock be suitable for call options or put options. If it isn't, I just trade the stock. While options can return profits, there is no need to trade options on every stock if you do not wish to.
As either working professionals who swing trade for some extra profits or full time traders who trade for a living, it is important to be able to stretch profits in minimize losses in both green and red markets. In addition to my SPY trade of the day and my SPY day trades, I will now be bringing you my BLUE CHIP STOCK AND STOCK OPTION SWING TRADES, both long and short positions.
These trades will last anywhere from two to ten days. Perfect fits for those who work or for those who actually prefer to trade higher priced stocks, like I do. You will be able to enter and exit at the same prices I do.
With each trade you will receive:
1) My buy or short price and suggested buy or short zone.
2) My profit target.
3) My stop loss.
While not all trades are suitable for options, if I purchase call options or put options on a trade, I will alert the particular option, my buy price, my profit target, and stop loss.
Taking winners and losers in to account, my average return on individual stocks in 2017 is +3% and my average return on stock options is +14%. In total, my swing trade portfolio has increased in value by 38% so far in 2017.
Here is a screenshot of my returns swing trading blue chip stocks and stock options (separate portfolio from SPY options trades), both long and short so far in 2017.
Year | Market Change |
2017 | +52,289.21 |
As always, if you would like to learn more about my SPY trades or my stock option trades then come join us here at PennyPro Elite where I will be doing several seminars over the course of the next few weeks on what I look for and how I spot my winning trades!
Davis
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