Daily Profit Machine Review – Can This Service Improve Your Trading?

About Daily Profit Machine

Daily Profit Machine is a trade alerts, analysis, and education service catering to traders and self-directed investors. The site is operated by “#1 swing trader” Ben Sturgill, a day and swing trader with an MA in Teaching and BA in History from the University of New Hampshire.

Sturgill trades ETFs, stocks, and options providing alerts of his trade signals via SMS, text, and e-mail with the goal of generating profits every day. The service provides trade alerts premarket to allow traders to prepare their watch list for the trading day. Swing trades and executed trades are alerted in real-time.

The service was initially launched in 2017 spearheaded by millionaire trader Davis Martin, but has since passed the torch to Sturgill. The service also goes by the name Daily Deposits and is integrated into the Raging Bull network of sites dedicated to enhancing trading performance for its members through signals and education services. We’ve reviewed other Raging Bull services like Jason Bond Picks, Weekly Money Multiplier, and Bullseye Trades. Today we are going to look at Daily Profit Machine.

Is this service worth the money? Keep reading our Daily Profit Machine review to find out.

How Daily Profit Machine Works

Daily Profit Machine is a service that allows traders to trade around Ben Sturgill’s trading strategy. Sturgill is both an options trader and a stock trader, however, the options alerts seem to be the star of the service.

Sturgill is experienced both as an intraday and swing trader fluent in options trading as well as stocks. He primarily starts the day with an analysis of the SPY ETF and alerts subscribers to a SPY options trade for the day. The SPY represents the stock market performance as a whole and has become an increasingly popular ETF for options traders.

Using the SPY headwinds, Sturgill will monitor his watch list for stocks that are setting up for a swing trade. He analyzes a range of different factors before making an alert. He will alert members via SMS, text, or e-mail upon execution of a trade (both his entry and exit). The text alerts and email alerts are convenient and easy to follow.

In order to accommodate both equity and options traders, Sturgill will suggest applicable options trades to consider if swing trading the stock. Vice versa, Sturgill will suggest the levels to trade the stock if he’s swinging the options.

I found this level of accommodation to both large and small account holders refreshing.  

Set-ups

Ben Sturgill analyzes a combination of moving average convergence with momentum oscillator triggers before issuing a trade alert. Sturgill has the experience to spot set-ups ahead of the triggers to hit the entries at optimal prices and alert subscribers in a timely enough manner for them to piggyback the trade.

Although members are expected to understand the set-ups and play them on their own terms, it’s obvious most will jump in on the alert. For this reason, it’s comforting to know that underlying stocks are very liquid and trade heavy volumes, which can blunt any slippage from “cattle call” type buying that can make a large impact on thinner stocks, especially penny stocks.

By sticking with S&P 500 stocks and the SPY ETF, Daily Profit Machine provides members with a layer of “market impact” safety without the newbies even knowing it. This is important when dealing with a day trading or swing trading service with a large reach. If these services focus on illiquid stocks, they can move the market and risk ruining a good trade alert.

Timeframes

Sturgill relies on smaller time frames like the 5-minute, 15-minute, and 60-minute to daily and weekly charts for monitoring intraday movement and swing trade set-ups. The key with trade alerts is executing the entries as closer to the triggers to allow members to be alerted in a timely manner. The smaller time frames provide the advantage of an earlier heads up before confirming on the larger time frames.

While this service is good for both day trading and swing trading, it is ideal for traders who want to be more active in the markets. Whereas services like Motley Fool Options will send out longer-term options trades, Daily Profit Machine tends to focus on shorter time frames.

Daily Profit Machine Trading Courses

Membership to the service includes a quick start training course explaining the set-ups and chart analysis for stocks and ETFs. The course is a great starting point for new members.

Separate options trading instructional and tutorial videos are included to get members acclimates to the mechanics of options.

As a member, you should take advantage of the video library. The video library contains video lessons that can help you better understand the Daily Profit Machine strategy which will ultimately make it easier to keep up with the alerts.

The videos are easy to swallow and cover the basic groundwork for directional single-leg trades. These are self-paced and highly recommended onboarding tools that traders of all skill levels should review. If you want to find success with options trading, you need to know what you are doing. It makes sense to review the video content so you can become a more well-rounded trader.

Membership includes access to the RagingBull community, composed of subscribers to its various sites and services. The community is composed of traders and investors of all skill levels.

Performance Calendar

Sturgill keeps a running track record calendar that provides the performance of the daily SPY options trade and any additional options trade for that day. You can see both winning and losing trades, although the winning trades outnumber the losing trades by a considerable margin. The Daily Profit Machine strategy has a 90% win rate in 2020 (according to the official website).

The calendar illustrates the daily gains strategy that compounds through the month. Sturgill doesn’t go for triple-digit home runs but looks for consistent singles and doubles with occasional home runs in volatile markets. The profits are still pretty impressive, with alerts regularly returning upwards of 30%.

The March 2020 performance was impressive as the SPY went into a plunge during the COVID-19 pandemic. While many people were losing money, Ben Sturgill was making money. This performance illustrates that Sturgill’s trading strategies aren’t just limited to rising markets, but also perform exceptionally well in falling markets.

What Type Of Trader Is Daily Profit Machine Best For? 

Daily Profit Machine offers text alerts, email alerts, and educational material for trading options. It is ideal for active traders who have a decent understanding of options (and the associated risk).

During our Daily Profit machine review, we were impressed by the fact that Ben Sturgill focuses on liquidity when making alerts. Alerting illiquid stocks and options increases the risk and volatility associated with a group of traders following an alert. The embedded safety factor of trading the most liquid instruments, like the SPY ETF and S&P 500 component stocks, can’t be understated. While the potential for trading losses still exists, the self-inflicted impact of group “cattle call” alerts causing the underlying stock to spike or drop isn’t a factor. 

The accommodative nature of offering alternate options trade suggestions for a stock trade alert makes this service suited for beginners, as well as seasoned veterans looking to “adopt” daily trading ideas.

This service takes the legwork out of searching and filtering for trade set-ups.

Is Daily Profit Machine A Good Value? 

This is where sticker shock comes into play with the way they present the pricing plans. This is more attributed to how the Raging Bull company prices the services.

The Unlimited Plan is $2,997 but discounted to a $1,497 lifetime membership and $97 annual maintenance fee. The Annual Plan is $799 for a year membership, discounted from $1,497.

Overall, the service is a good value for the annual service. I have problems purchasing lifetime memberships to any service upfront, but that’s just me. 

You should consider your account size before purchasing a subscription. If you have a big enough account, you can easily make your money back from profits on a few of the options trades. If you are trading with a smaller account, the trading system is still effective, but it may take longer to recoup your subscription fee.

Daily Profit Machine is also one of the few newsletter services we’ve reviewed that offers a money-back guarantee. If you are unhappy with the service within 30 days, you can request a full refund. There is a catch though. In order to be eligible for a refund, you need to complete all of the modules in the education suite. While this may be frustrating to some traders, we believe it is fair. Daily Profit Machine is willing to offer refunds IF you put in the work required to make the most of the service.

Pros   

• Accommodates large and small trading accounts with stock and options alternative recommendations
• Sturgill navigates successfully through both rising and falling markets
• March 2020 performance demonstrates exceptional bear market results
• SPY ETF and S&P 500 stocks ensure minimal market impact from member participation in trade alerts 
• More technical analysis indicators make it suitable for chart-based traders 
• Comprehensive quick start training program for stocks and options included

Cons 

• Traders need to be able to manage exits especially in fast markets or face slippage
• Pricing bundles and “discounts” feel too gimmicky