Happy Monday!
TODAY'S GAIN: -$5,300
My posted, REAL-TIME TRADES SUCKED ASS! I made a stupid mistake (details below) right when the market opened, and it titled me for the rest of the day. I broke all of my trading rules and paid the price. Here's to a better tomorrow!
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Piper's Picks
A BULLISH signal, 4/5 strength, was generated at 10:15am 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).
Both of these trades hit if held until close -- 4 total units!
SPY Return: +$24 (+100%) per $176 signal cost
QQQ Return: +$30 (+100%) per $170 signal cost
Total Return: +$54/signal (+100%) -- This could easily be scaled per $346 signal.
Thicc Matt's Personal Trades
Trade One: 10 x SPX 5300/5295 Put Credit Spread (Scalp Trade -- Wrong Direction)
Trade Two: 10 x SPX 5270/5265 Put Credit Spread (Titled Revenge Trade)
As shown, losses were taken at $4.80/ea from $2.40/ea (-$2,400) for Trade One. For Trade Two, losses were taken at $3.60/ea from $0.75/ea (-$2,900). I accidently played the wrong direction for the scalp trade. When I finally realized, I tried to (revenge) trade myself out of the hole and made it worse. It was stupid and undisciplined -- I will be better.
Total Return: -$5,300 (before fees)
(Yes; This is much more painful beings Piper hit on both signals)
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Join the Goonie Discord if you want access to any of the following:
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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!
