Matt Kohrs
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Daily Degen Trade Report (+$275) || What A Trash Day...
Monday, July 1st
July 01, 2024
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Brutal Monday

TODAY'S GAIN: +$275

My posted, REAL-TIME TRADES WERE TRASH! Today's trades would have paid for MORE THAN FIVE MONTHS OF GOONIE DISCORD ACCESS! With the being said, my execution today was garbage. The details are showcased below, but it was horrendous. I got lucky -- Hopefully, I can improve tomorrow.

You can join the Goonie Discord for FREE w/ code GOONIE (Click Here!)

 

Piper's Picks

A BEARISH signal, 4/5 strength, was generated at 10:12am 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).

One trade hit and the other did not -- One for two.

SPY Return: +$28 (+100%) per $172 signal cost

QQQ Return: -$168 per $184 signal cost

Total Return: -$140

 

Thicc Matt's Personal Trades

Trade One: 20 x SPX 5460/5465 Call Credit Spread (Scalp Strategy Trade)

I really liked the setup of this trade, which is why I erroneously traded double the size I should have. For a solid hour, I was sitting on a nice unrealized profit. I got too greedy and overstayed my welcome. When it turned against me, I quickly cut the position and started to mentally spiral. The exit was at $3.50 from a $2.70/ea entry -- The realized loss was $1,600.

 

Trade Two: 40 x SPX 5475/5470 Put Credit Spread (Revenge Trade)

Instead of being calm, cool and collected, I decided I should go on tilt by revenge trading. Due to my first trade being too much size, I made the stupid, undisciplined move to double down and fire from the hit. It ended horribly as you might have guessed. The exit was at $3.30 from a $2.25/ea entry -- The realized loss was $4,200.

 

Trade Three: 45 x SPX 5470/5465 Put Credit Spread (FULL TILT Trade)

I'm not really sure what to say. I got lucky. I want to be clear -- THIS WAS NOT A GOOD TRADE. THIS WAS NOT A GOOD TRADING DAY. I was on tilt. I was revenge trading. I took on too much risk. Fortunately for my account, I got lucky with the price movement at the end of the day. The exit was at $0.05 from a $1.40/ea entry -- The realized gain was $6,075.

 

Trade One Return: -$1,600

Trade Two Return: -$4,200

Trade Three Return: +$6,075

Total Return: +$275 (before fees)

These trades would have paid for MORE THAN FIVE MONTHS OF GOONIE MEMBERSHIP!!!

 


 

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.)

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FREE Options Trading Lecture This Friday @ 10am ET

It's all going down THIS FRIDAY!!!

The team at SpotGamma will be joining the MK Show to discuss various options trading strategies. (Yes, it will include 0 DTEs for you degens).

This is 100% FREE options trading education.
All you need to do is be where you normally watch me at 10am ET!

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Summertime Bulls || Goonie Newsletter
Goonie Newsletter (June 22nd - 26th)

Summertime Bulls

Key Weekly Performance Stats:

  • S&P 500: +0.93%
  • Nasdaq 100: +2.60%
  • Russel 2000: +0.85%
  • Bitcoin: -0.10%

Markets packed a lot into a short, four-day trading week, with exchanges closed Friday for Juneteenth. Stocks started hot after Trump said the U.S. and Iran had signed a framework to end the war and reopen the Strait of Hormuz, sending oil lower and lighting a fire under tech, airlines, and other fuel-sensitive names. The rally cooled midweek after the Fed held rates at 3.50%–3.75% but signaled a more hawkish path, before buyers stepped back in Thursday. For the week, the Nasdaq led, while the S&P 500, Dow, and Russell 2000 all finished higher.

The economic data was mixed but still pointed to a resilient economy with some inflation pressure. Industrial production edged up 0.1% in May, housing starts sank to a six-year low, import prices jumped 1.9%, and retail sales beat expectations with a 0.9% gain. Jobless claims eased to 226,000, keeping the labor-market story steady. Company-wise, Intel ripped after Trump said Apple would work with it on U.S.-made chips, while Accenture dropped after trimming the top end of its revenue outlook.

Next week brings a busy macro slate: S&P Global flash U.S. PMIs on Tuesday, new home sales on Wednesday, then a packed Thursday with jobless claims, durable goods, Q1 GDP’s third estimate, and May personal income and PCE inflation. Friday wraps with wholesale inventories and the final University of Michigan consumer sentiment reading. With the Fed now sounding less friendly and the Iran/Hormuz story still driving oil and inflation expectations, the market will be watching whether the data confirms the rally or gives Powell’s crew more reason to stay hawkish. As always, respect your risk and stick to your trading plan. Godspeed.

Best,

Thicc Kohrs

P.S. The official Goonie Trading Discord is LIVE!!! (https://bit.ly/GoonieDiscord)

 


 

Earnings

 


 

Market Events

Monday, June 22nd

None

 

Tuesday, June 23rd

09:45 AM ET    S&P Global Manufacturing Services PMI (Jun)

 

Wednesday, June 24th

10:00 AM ET    New Homes Sales (May)

10:30 AM ET    Crude Oil Inventories

 

Thursday, June 25th

08:30 AM ET    PCE Price Indec MoM & YoY (May)

08:30 AM ET    GDP QoQ (Q1)

08:30 AM ET    Durable Goods Orders MoM & YoY (May)

08:30 AM ET    Initial Jobless Claim

 

Friday, June 26th

10:00 AM ET    Consumer Sentiment (Jun)

 


 

Seasonality Update

S&P 500 Seasonal Bias (Monday, June 22nd)

  • Bull Win Percentage: 50%
  • Profit Factor: 1.38
  • Bias: Leaning Bullish

Equity Curve -->

 

S&P 500 Seasonal Bias (Tuesday, June 23rd)

  • Bull Win Percentage: 50%
  • Profit Factor: 1.44
  • Bias: Leaning Bullish

Equity Curve -->

 

S&P 500 Seasonal Bias (Wednesday, June 24th)

  • Bull Win Percentage: 39%
  • Profit Factor: 0.71
  • Bias: Bearish

Equity Curve -->

 

S&P 500 Seasonal Bias (Thursday, June 25th)

  • Bull Win Percentage: 46%
  • Profit Factor: 1.12
  • Bias: Neutral

Equity Curve -->

 

S&P 500 Seasonal Bias (Friday, June 26th)

  • Bull Win Percentage: 61%
  • Profit Factor: 1.16
  • Bias: Neutral

Equity Curve -->

 

Notes: These analytics are derived from the performance of the S&P 500 futures contract over the past +25 years. Additionally, results are computed from the futures market open and close.


 

Options Strategy Update

The 0 DTE signal hit 4 for 4 times (8 for 8 total units) this past week.

Signal Accuracy: ~100%

Note: These signals are posted in real-time in the Goonie Trading Discord. You can join me today!!! Click Here!

 

Piper's Current Signal Streak: 4 Trades

June Record: 32/36 Units

 

Monday, June 15th

No Signal Produced

 

Tuesday, June 16th

SPY Call Credit Spread (2x Multiple @ $756 / $757) 🟢

QQQ Call Credit Spread (2x Multiple @ $745 / $746) 🟢

 

Wednesday, June 17th

No Signal Produced -- FOMC Meeting

 

Thursday, June 18th

SPY Put Credit Spread (2x Multiple @ $742 / $741) 🟢

QQQ Put Credit Spread (2x Multiple @ $732 / $731) 🟢

 

Friday, June 19th

No Signal Produced -- Market Closed

 


 

E

*

* This data point is from readings over the past week. The reported information should not be taken as an aggregate or cumulative value for any period beyond the most recent week (Sunday through Saturday). Appropriate alterations were made to account for both travel and time zone shifts.

 


 

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. I'm part of an affiliate network and I receive compensation from partnering websites.

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Daily Degen Trade Report || Quad Witching
Thursday, June 18th

Quad Witching

THICC RETURN: +$0

If you're curious about what I trade & how I trade, join the Goonie Trading Discord.

You can start trading with me today! (Click Here!)

 

Piper's Picks

PIPER'S RETURN: +$44

A BULLISH  signal, 4/5 strength, was generated around 11:55am 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 missed.Both of these trades hit if held until close -- 4 total units!

SPY Return: +$24 (+100%) per $176 signal capital requirement

QQQ Return: +$20 (+100%) per $180 signal capital requirement

Total Return: +$44 (+100%) per $356 signal capital requirement

 

You can trade with me by joining the Goonie Discord today! (Click Here!)

 


 

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. I'm part of an affiliate network and I receive compensation from partnering websites.

Read full Article
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Daily Degen Trade Report || FOMC Day!
Wednesday, June 17th

FOMC Day!

THICC RETURN: +$0

If you're curious about what I trade & how I trade, join the Goonie Trading Discord.

You can start trading with me today! (Click Here!)

 

Piper's Picks

No Signal Produced

 

You can trade with me by joining the Goonie Discord today! (Click Here!)

 


 

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. I'm part of an affiliate network and I receive compensation from partnering websites.

Read full Article
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