Smacked By Whipsaw
TODAY'S GAIN: +$150
My posted, REAL-TIME WERE LUCKY AF!
Today's trades would have paid for MORE THAN THREE MONTHS OF GOONIE MEMBERSHIP! With that being said, it was an extreme battle. My gains were minimal, but they don't represent the extreme swings I had to endure (detailed below). If you want to join the degen trading life, you can join the discord for FREE!
You can join the Goonie Discord for FREE w/ code GOONIE (Click Here!)
Piper's Picks
A BULLISH signal, 3/5 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: +$18 (+100%) per $82 signal cost
QQQ Return: +$34 (+100%) per $166 signal cost
Total Return: +$52 (+100%) -- This could easily be scaled per $248 signal.
Thicc Matt's Personal Trades
Trade One: 20 x SPX 5470/5465 Put Credit Spread (Scalp Strategy Trade)
Trade one was my core trade of the day. I truly loved the setup and the execution. When the market dipped at 11:15am ET, I decided a potential larger selloff wasn't worth the risk. I decided to cut the position at $3.40 from $3.00/ea -- A realized loss of $800. Unfortunately, if I had simply held, this would have hit my original target and I never would have gone on tilt.
Trade Two: 40 x SPX 5450/5455 Call Credit Spread (Reversed Trade One)
I thought I was being smart with Trade Two, but I wasn't. When I cut Trade One, I instantly got into Trade Two. You could call it revenge trading, but at the time I thought I was being smart and trading with the trend. As luck would have it, I ended up taking a bearish position at the low of the day. Eventually I couldn't handle the pain and I took another realized loss. I cut Trade Two at $4.00/ea from $3.00 -- A realized loss of $4,000.
Trade Three: 50 x SPX 5470/5465 Put Credit Spread (Fully Tilted)
At this point, I was fully on tilt. I decided to open up my heart and allow the market to stomp on it again. I figured money is simply a construct -- What is the worst that could happen? ... right?
As stupid as my tilted trade was, degen life prevailed. From an average entry of $2.10/ea. my average exit was $1.11 -- A REALIZED GAIN OF $4,950 (+53%).
Trade One Return: -$800
Trade Two Return: -$4,000
Trade Three Return: +$4,950
Total Return: +$150 (before fees)
These trades would have paid for THREE MONTHS OF GOONIE DISCORD ACCESS!!!
How To Join The Goonie Discord (For FREE)
Join the Goonie Discord if you want access to any of the following:
- My Live Trades & Thoughts
- Weekly Teaching Sessions
- Weekly Newsletter
- Trading Competitions
- Texas Roadhouse Talk
Remember you can join the Discord for FREE with the code GOONIE (Click Here!). This code will allow to become a Locals "supporter". Supporters get full access to the entire Locals Community & Goonie Discord server.
Discord Link: https://discord.gg/3dxBRVrgGG
(Allow up to 24hrs to process after you've become a "supporter". If you have any issues, don't hesitate to reach out -- Feel free to DM on Discord or Twitter.)
Both of these trades missed.Both of these trades hit if held until close -- 4 total units!
