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After blindly handing his money over to his financial guru for years, DayTradeSPY Hugh Grossman decided to open his statement. The low amount that stared back at him—far lower than what he had invested—led him to make a phone call and pull the money he had left. He realized he was comfortable with risk, good with numbers—why couldn’t he do it himself? Hugh believes: “No one should be more interested in my own money than me.”

That launched Hugh’s journey into the trading world. Now he’s an esteemed options coach and successful trader. He joins me in this episode of How To Trade It to talk about his background and transition from auditor to day trader. We talk about “gut feelings” and the insurmountable value of a good mentor. Hugh also shares what his trading day typically looks like. Don’t miss it!

You’ll want to hear this episode if you are interested in…

[0:28] Hugh Grossman’s beginnings in options trading
[5:45] Hugh’s transition from auditor to DayTradeSPY
[7:22] Technical, fundamental, and psychological analysis
[11:30] Market sentiment and learning to trust your “gut feeling”
[17:43] How to find the best coach/mentor for your style
[27:10] Am I ever going to master options trading?
[29:45] On average, how much trading time?
[33:55] What Hugh likes to do for fun

Resources & People Mentioned

Hugh’s Day Trade Spy Commercial
Forex Factory
Barchart

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