Imagine trying to build a home with just a hammer...
It's ridiculous, but even if you tried, think about the amount of time and money wasted.
Everything comes down speed and efficiency.
And being efficient in today's market is no different, but many traders have the one tool approach.
It's not their fault either because they’re not aware of all the tools needed to consistently make money and beat the market.
When I worked on the floor the Chicago Mercantile Exchange, traders would pay upwards to 1 million dollars to have a seat on the floor.
That’s because being in the trading floor was an edge.
Today, I have many tools when it comes to trading, but there's one tool I couldn't make money without.
That's my Hot Money Scanner.
The best thing about the scanner is that I don’t have to sit around staring at charts; waiting for the money fairy to jump out at me.
My Hot Money scanner does all the work - scanning every options trade executed instantly.
As you're likely aware, but after a stock has had a sudden spike higher or sunk lower, that move typically telegraphed by unusual option activity.
In fact, that's exactly what happened in Harley-Davidson Inc (NYSE: HOG).
It was about 30 minutes until the closing bell and all the sudden, the Hot Money scanner alerted me to Harley-Davidson Inc (NYSE: HOG).
I even posted the activity on Twitter.
I didn't know why they were buying this calls, but I did know someone waited all day.
And then all of a sudden they had to have these calls 30 minutes before the close.
That’s unusual, but I’ve seen this hundreds of times.
Now, these call option contracts would ONLY make money if shares spiked higher...
And if it didn't in the next 24 hours - they would lose it all.
Before the opening bell the following morning, shares of HOG were up 7.87% pre-market because of a surprise upgrade from a Wall Street firm.
At the opening bell, my sell ordered triggered and I closed them out for a 600% gain.
Pretty incredible, right?
That's why I recorded this important case study so you can learn why I follow the Hot Money and how it can help you have an edge.
Here's to living rich,
Joshua M. Belanger