Get Merked Thursday
TODAY'S LOSSES: -$4,600
My posted, REAL-TIME TRADES WERE... not good at all. To be honest, my first trade was a classic bad beat. There is nothing you can do about that. Even with a perfect setup, you can still lose. It happens. My dumbass decided to try to make back the money, aka revenge trade, and dug myself into a deeper hole. It was stupid and undisciplined. I need to set my mind straight soon so I don't go on tilt.
You can witness my degenerecy on the Goonie Discord for FREE w/ code GOONIE (Click Here!)
Piper's Picks
A BEARISH signal, 4/5 strength, was generated around 10:05am ET by Piper. The signal was used with various advanced options strategies to score (don't worry, I'll teach you every aspect of the strategy).
Today was a mixed result -- The SPY signal hit & the QQQ signal missed.
SPY Return: +$30/signal
QQQ Return: -$158/signal
Total Return: -$128/signal
Thicc Matt's Personal Trades
Day #28 of The Comeback Tour!
Trade One: 10 x SPX 5060/5065 Call Credit Spread
Trade Two: 10 x SPX 5070/5075 Call Credit Spread
As shown, losses were taken at $3.70/ea (-$2,950) on the first trade, and losses were taken at $2.30/ea (-$1,650) on the second trade.
Total Return: -$4,600 (before fees)
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Notes
RISK WARNING: Trading involves HIGH RISK and YOU CAN LOSE a lot of money. Do not risk any money you cannot afford to lose. Trading is not suitable for all investors. We are not registered investment advisors. We do not provide trading or investment advice. We provide research and education through the issuance of statistical information containing no expression of opinion as to the investment merits of a particular security. Information contained herein should not be considered a solicitation to buy or sell any security or engage in a particular investment strategy. Past performance is not necessarily indicative of future results. Links above include affiliate commission or referrals.
Both of these trades hit if held until close -- 6 total units!
Both of these trades hit if held until close -- 6 total units!
SPY missed & QQQ hit
The Trump-China-Trade announcement from the NYT knocked me out of my position. The CCS's were sold at $1.80/ea and I was forced to buy them backl at $4.40 -- This means my realized loss was $3,120 :(
The hedge did exactly what hedge plays are meant to do. It balanced me out! These PCS's were sold at $0.85/ea and expired worthless -- THIS MEANS MY REALIZED GAIN WAS $2,975!
