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Trade the tide, not the waves

Heather Cullen

June 7, 2023
Heather Cullen Author Books

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Heather Cullen: Author In The Money

Heather Cullen has traded the stock market for 25 years and knows what works and what doesn’t.

In The Money shares her journey from losing money to surviving to finally being successful. She shows how to avoid crashing out of the market (which most people do) and instead beat the market spectacularly.

If she can create a financially-free life, then you can too. In The Money shows you how.

About Me

My Books

The world doesn’t need another stock market book with the same tired old advice.

Advice that doesn’t work. If it did then everyone would be rich! But they’re not.

There’s a better way. That’s what In The Money books are about.

About In The Money Strategies (ITM)


When you invest in the stock market you can do what everyone else is doing and watch your money increase slowly in a bull market and decrease a lot faster in a bear market. 

            Or you can do something different.

In the current bear market, most investors have watched helplessly as their balances plummet. And that hurts!

In The Money is different: the ITM strategies are simple and elegant, but most importantly: THEY WORK!



The ITM strategies have been backtested for 30 years in both bull an bear markets.  Over that time, the bull strategy alone has beaten the market by 800%. Combined the bull and  the bear market strategy you are looking at more than 2,000% better than the average market return. 

Sounds too good to be true? It’s not. Every trade over the last 30 years has documented and you can review the trades and check for yourself. No smoke, no mirrors. 



In the books we see how ITM works in a real-life situation with real trades and real data. We start with $10,000 in our account 30 years ago, and follow the In The Money (ITM) rules implicitly, no exceptions, for 30 years. ITM has simple ruls about what to buy and what to sell, so you can easily follow along and check. Everything is there: the good trades, the bad trades and the boring trades. No smoke and mirrors, nothing is hidden. You can check for yourself (many readers have and have been surprised that it is all correct!) 



ITM beat the market by 800% and our $10 K is now worth over $1 million. Yes, that is correct. The backtesting follows the ITM rules implicitly, and all trades are listed with the reason for getting in or out, and the effect on our account balance.  Unlike other books who only show the winning trades (with the benefit of hindsight) every single trade is shown, Even the losing ones, because not every tade can be a winning one. 

WHY does ITM work?

You don’t have to sit back and watch your money disappear in a bear market or make slow gains in a bull market.

You can do something about it, by learning to invest in a different way, a way that has been proven to beat the market spectacularly over the last 30 years.


Studies have shown that a blindfold monkey throwing darts at a list of stocks creates a better portfolio then the expert fund managers. Hard to believe, but true. Why? Because fund managers don’t do it very well at all – most UNDER-PERFORM the market. Many studies, like Morningstar, show that, and also that if one beats the market one year then the chances of them beating the market the next year are only chance. So a monkey to beating them is hardly surprising. 


Buying the index would, over the last 30 years, have made you more money than if you had it in a managed fund. What the ITM strategies do is to increase the index return by 100% or more by using DITM (deep in the money) options, plus a way of avoiding downturns that erode your capital.

These simple actions give us the great performance, beating the market (and the expert fund managers) by 800%. 


The ITM Bull and Bear Strategies that keep you safe in the market and on the winning side. You will avoid the bear markets that have a terrible effect on your balance, and get back in when the bulls are in charge again. 


Not everyone wants to trade the bear. Bear markets move faster than bull markets and are not so restful!  They need to be watched every day, unlike bull markets. But if you want to, the ITM Bear Strategy enables you to trade profitably when you are in a bear market. Added to your profits from the ITM Bull Strategy your total return is multiplied several times over.

WHO can do ITM?

Anyone can do them whether you are a complete beginner have been trading for years. The ITM Bull Market book covers all you need to know about options to be able to do the strategy and then is all about how the strategy works and how and when to enter and exit trades. Even experienced traders have written to me saying that although they had been trading for years, they learned a lot from my explanations.



Is ITM difficult to do?

It’s not hard at all. It is so easy even beginners can do it.

Does it take a lot of time?

No, usually about 10 minutes a week.

Does it work in a bear market?

Yes. There‘s a strategy for a bull market, another for a bear market. Both beat the market by a lot.

How will I know if I am doing it right?

There are easy entry and exit signals, and a regular blog that shows how we are going and alerts you if something needs to be done. Otherwise, sit back and let the ITM strategies do their job.

We follow the ITM trades for 30 years. Every single trade, no cherry-picking of results.

The good trades, the bad trades and the boring trades. No smoke and mirrors.

The result? ITM beat the market and fund managers spectacularly!

In The Money Blog - Latest Updates

Recessnions and the stock market

Recessions & the Market

Recessions and the Stock Market As I write this, the debt ceiling is still an issue, albeit more hopeful than it was a couple of days ago. We have had  dire warnings about America’s credit rating going down and a looming recession if America defaults on it’s obligations. No-one

Read More »
Heather Cullen Blog Consolidation


Consolidation – Again! Well, SPY is going nowhere fast. We are in a consolidation period, and have been for almost 2 months. From the chart you can see that it is consolidating at the same level as in February. We have not yet exited the bear market, which means

Read More »
Heather Cullen Blog Waves not Tide

Waves? Or Tide?

Was it Just Some Big Waves? It has certainly been an interesting week. After staying in a tight trading range since the end of March, SPY broke out downwards, quite decisively, on Tuesday, followed by another down day on Wednesday. Things were looking a bit grim, but then on

Read More »
Heather Cullen Blog Sleeping Bull

Sleeping Bull?

Is It A Sleeping Bull? If we compare the SPY chart now and what was happening in February, we can’t help but be struck with the similarities. The market is in a consolidation phase (going sideways after a rise) at around the same price point and it has lasted

Read More »
Heather Cullen Blog Dead Cat Bounce

Dead Cat Bounce?

Is it a dead cat bounce? Quick answer: no. I’ve been seeing the current rally called a dead cat bounce but, while it is an amusing term, that’s not really what is going on here. A dead cat bounce occurs after a precipitous fall, the theory being that even

Read More »
Heather Cullen Bull Trap

Is It A Bull Trap?

Caught in a bull trap? — and 2 day’s later update! — Oh, for the days when I was complaining that the market was boring! This one keeps throwing up surprises and not usually very nice ones. We got back into the market after the SPY golden cross and

Read More »
In The Money Logo

Trade the tide, not the waves

Why In The Money is Different

How ITM started

I’ve read hundreds of books about the stock market over the years, and I can honestly say that none were useful in creating wealth. I tried so many strategies, fell for heaps of crackpot theories, followed market gurus. I made money then lost it again.

Luckily, I never got completely wiped out but I never made enough to quit my day job which was the goal that I really wanted to reach. Finally, the light-bulb moment. I realized that all the strategies, theories, and gurus had one thing in common: they lost my money!  The financially-free future I desperately wanted was not going to happen unless I did something different.

So I did something different. That’s what the books are about. A different way of trading. The ITM strategies.

Heather Cullen

In The Money (series)
Timing The Market

Mistakes? I've made a lot!

It’s embarrassing to admit that I’ve probably made more mistakes than any trader I know. On the other hand, I’ve lasted longer in the market than almost every trader I know. 

Why? Because one thing I do really well is learn from my mistakes. I call my losses ‘tuition fees’, and over the years I’ve paid a LOT of tuition fees.

They’re all in the ITM books. You’ll probably have a laugh at some of them. I can laugh – now. I couldn’t laugh at the time because losing money is painful and I had a fair bit of pain.

The good news is that I’ve made the mistakes and done the pain so you don’t have to! With the ITM strategy your success is guaranteed.  You WILL beat the market. 

In The Money - Book Series

The first book covers the basics of options, how they work and the ITM rules. Then we start with $10,000 and apply the ITM rules, using real data from the last 30 years.

In The Money is light and amusing. You’ll chuckle at the mistakes I made but gain from the lessons I learned.

The second book looks at the bear markets of the last 30 years, and shows how they were traded with ITM. All the trades and rules are detailed so that you can follow the journey.

When put together with the ITM Bull strategy the results are guaranteed to amaze you!

Using Australia as an example, this book shows how you can set up accounts and start using the ITM strategy on the U.S. market when you don’t live in the U.S.

All the content from the first book In The Money: Bull Market Strategy is included in the Overseas Edition so you don’t need to buy both books.

Compare Option Strategies is a combined textbook and workbook. The textbook covers basic option strategies, trading signals and candlestick patterns. The workbook guides you through choosing your options and comparing the results of different strategies to refine your decision making and find out what works for you.

Debunking the Myth of Time in the Market
as the Best Investment Strategy

‘Buy and hold!‘ say the experts, ‘It’s the best investment strategy! If you miss out on the 10 best days then your returns are halved so you had better stay invested.’

Sounds like good advice? Yes. There’s just one problem: It is wrong!

Timing the Market looks at the reseach for the last 100 years and comes up with quite a different conclusion, and shows how to easily time the market to improve your profits massively.

Thank you – your message has been sent. Please note that  as of July 2022 Heather will answer all questions in the ITM Blog, not individually. You will be notified when there is a new blog post. Happy trading!