Hello, Space Traveler!
TODAY'S LOSS: -$1,800
My posted, REAL-TIME TRADE WAS NOTHING BUT GREED! For real, am I the worst trader on this side of the Mississippi?! My target was hit, but I decided to not take it because I was being greedy. A classic trading mistake that is as old a time. I overstayed my welcome and paid the price. The loss is fine relative to my gains on the week, but it's still frustrating to make such a stupid mistake.
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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: +$50 (+100%) per $150 signal cost
QQQ Return: +$40 (+100%) per $160 signal cost
Total Return: +$90 (+100%) -- This could easily be scaled per $310 signal.
Thicc Matt's Personal Trades
10 x SPX 5430/5425 Put Credit Spread (Scalp Strategy Trade)
As shown, losses were taken on at $4.20/ea from $2.40/ea. This means my realized loss was -$1,800. To be clear, the scalp would have 100% workedif I stuck with my original target. This issue was me, not the system.
Total Return: -$1,800 (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 missed. Both of these trades hit if held until close -- 4 total units!
These CCS's were sold at $0.60/ea and were bought back at $0.10/ea -- THIS MEANS MY REALIZED GAIN WAS $1,250!!!
