TGIF!
TODAY'S GAIN: +$1,500
My posted, REAL-TIME TRADES WERE LUCKY AF!
Today's trades would have paid for THREE YEARS OF GOONIE DISCORD ACCESS!
If you want to learn what I do, how I do it, and trade with me on a daily basis, you can for free -- All you have to do it join the Goonie Trading Discord!
You can join the Goonie Discord for FREE w/ code GOONIE (Click Here!)
Piper's Picks
A BEARISH signal, 5/5 strength, was generated at 11:20am 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 -- 6 total units!
SPY Return: +$42 (+100%) per $258 signal cost
QQQ Return: +$54 (+100%) per $246 signal cost
Total Return: +$96 (+100%) -- This could easily be scaled per $504 signal
Thicc Matt's Personal Trades
Trade One: 20 x SPX 5595/5600 Call Credit Spread (Scalp Strategy Trade)
To start the day off, I traded way too early with too much size and no clear entry signal. I'm not sure what I was thinking, but it wasn't anything smart. My average entry was $3.10/ea and my average exit was $4.95/ea -- This means Trade One's realized loss was $3,700.
Trade Two: 30 x SPX 5635/5640 Call Credit Spread (Revenge Trade)
While trying to manage Trade One, I decided to fight the trend again and execute another bearish position. This play was in considerable profit at one point, but I was being too greedy. I was attempting to payoff Trade One's loss. I should be taking what the market was offering. Once I realized I was being dumb, I cut my second loss -- This means Trade Two's realized loss was $1,650.
Trade Three: 40 x SPX 5640/5635 Put Credit Spread (Solid Trend Following Trade)
Finally, with my head being clear, I made a smart decision with Trade Three. I rode the bullish intraday trend and it paid. My average entry was $2.10 while my average exit was $0.3875/ea (I scaled out) This means Trade Three's realized gain was $6,850.
Trade One Return: -$3,700
Trade Two Return: -$1,650
Trade Three Return: +$6,850
Total Return: +$1,500 (before fees)
These trades would have paid for THREE YEARS 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.)
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!
