My BEST Trade of The ENTIRE YEAR!
TOTAL GAIN: +$53,310
The best part?! I gave away my reasoning, the entire, and the exit for 100% FREE!!!
This Russell 2000 ($IWM) swing play was discussed and fully broken down in the Goonie Trading Discord. I wasn't the only person who made money. Many Goonie members made a killing!
If you want to learn how I consistently profit, I'll teach you for FREE -- Join me today!
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The Trade
Entry
I created a large (relative to my account size) bullish position on the Small Cap sector, $IWM, when the inflation report came in cool, below expectations, on July 11th. My reasoning was simple: Lower rates means access to cheaper capital. Small businesses need cheap money to survive.
Exit 1
When the play went up +400%, I locked in 1/5 of my position (15 of 75 calls) to take all downside risk off the table. At this point, the worst that could happen would be that the play ended breakeven. If that scenario played out, there is a good chance I would also be super embarrassed due to how public I was about this play.
Exit 2
I really wanted to ride IWM up to $228, which was an upside gap fill from late 2023. Unfortunately, the market had different plans. I had to take what the market was willing to offer. As soon as the Russell showed weakness, I took my money and said thank you! I can always reenter if things turn around.
Exit 1 Return: +$10,290
Exit 2 Return: +$43,020
Total Return: +$53,310
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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!
