Rachel’s note: This weekend in the Dispatch, we’re handing the reins to our colleague Jeff Clark. He’s spent nearly four decades making millions for himself and his clients. And few are better at reading the market’s next move than Jeff.

Now, you may be hesitant to start trading your money in such a volatile market.

But you don’t need to be an expert on Wall Street to profit during this crisis. In fact, Jeff says a crash can be the best time to see some serious returns, in just a short time.

To prove it, he sat down with his 18-year-old son – who has no financial experience – and walked him through the same trading technique he’s used throughout his career. He even gave away a free recommendation you can use to potentially double your money.

If you missed this crash course, we’ve made a replay available for you here.

By Jeff Clark, editor, The Delta Report

Jeff Clark

I’ve always argued to my customer service representatives that, while I love getting positive feedback (because it’s motivational and inspires me to work even harder for the benefit of my subscribers), the negative feedback provides a greater opportunity for me to better educate readers.

But there’s one type of feedback I get every so often that I feel I should comment on…

Some subscribers have written to me saying that if I was really that good at what I do, then I would just trade for a living rather than sell a newsletter.

I have to tell you… I make FAR MORE money trading every year than I will EVER make in the newsletter business.

When I closed my brokerage firm on September 30, 2007 – which should earn the “market timer of the century” award – I didn’t want to fall into the trap that so many other previously successful traders fell into. They left the trading business, retired, and figured they’d spend the rest of their days trading their own money.

But, they discounted the value of “accountability.”

When they were trading other people’s money, they performed rigorous research. They had to explain the rationale behind their trades. And they were held accountable for their mistakes.

When these traders retired, accountability went out the window. And, so did their success.

Instead of rigorously following the markets, these traders would put on their positions and then spend the rest of the day on the golf course, or in restaurants and bars. It was just their own money, after all. They weren’t handling other folks’ funds anymore. They figured that if they took a loss on a trade, they could easily make it back up.

You can guess what happened to most of these traders.

They lost the “edge” that made them successful. They stopped doing the research, performing the work, and sticking to the discipline that made them consistently profitable. And they ended up blowing up their accounts.

I didn’t want to do that.

So, when I retired from running my own brokerage firm in 2007, I focused my energy on my newsletter business.

I’m accountable for every trade I recommend. It doesn’t matter if it’s a recommendation with a complete write-up or a quick “scalp” trade that I recommend in my blog. I know subscribers are putting their hard-earned money behind my advice. And I take that responsibility VERY seriously.

It’s that seriousness that forces me to delve into the details of the trade, and to perform the rigorous research that I used to provide to the clients at my brokerage firm. And it’s that sort of research that helps me maintain my “edge” in my own trading account.

Make no mistake… This isn’t a selfless endeavor.

Yes, I hope folks can profit off of my advice. And, I want to share my best trading ideas with as many people as possible. But, if you want to boil it down to the lowest common denominator…

The reason I write a trading newsletter is because it keeps me sharp. It keeps me accountable to the value of my research. And, it helps me maintain my edge as a trader.

I always give my best ideas to readers… but I still make a lot of money trading stocks and options. Much of that success is spun off from the discipline I have to instill by recommending trades to subscribers. I work as hard as I possibly can to make sure you can profit off of my advice.

It doesn’t always work out that way. But, if I thought for one moment that my trading ideas were causing more harm than good, then I’d gladly retire and spend the rest of my days lying on a hammock. I’ve made far more money than I – or more importantly, my wife – could ever spend.

For me, trading is a passion. I look forward to every day I have a chance to profit in the stock market. And, I want to share that passion with as many people as possible because it makes me a better trader.

To prove it to you, I gave the same advice I’ve given to my readers for years… to my own flesh and blood – my son, Carson.

On Wednesday, I gave him a crash course in trading and broadcast it live. He took everything he learned from our lesson, and made an option trade entirely on his own with $1,000 he made from landscaping work in our neighborhood last year.

I walked through all the steps of the trade… and even gave away a free trading recommendation to potentially double your money. If you missed it, you can catch up here.

Best regards and good trading,

Jeff Clark
Editor, The Delta Report