Matt Kohrs
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Wednesday, July 17th
July 17, 2024
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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!

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

 


 

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

 


 

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
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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.

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Markets Chop, Chop, Chop! || Goonie Newsletter
Goonie Newsletter (October 20th - 24th)

Markets Chop, Chop, Chop!

Key Weekly Performance Stats:

  • S&P 500: +1.70%
  • Nasdaq 100: +2.46%
  • Russel 2000: +3.71%
  • Bitcoin: -5.77%

Last week, the stock market posted a modest recovery, with major indexes bouncing after tariff-spooked declines and banking jitters. The S&P 500 and Nasdaq both gained ground, led by strength in tech and small-cap segments as investors brushed aside a thin data calendar and leaned into hopes for a smoother trade outlook. The fact that markets remained open on Monday despite the federal holiday helped keep trading normal, though volumes were lighter than usual.

On the economic and policy front the story was mostly about what wasn’t published. The ongoing federal government shutdown held back key releases such as the consumer-price index, retail sales and other big data points, leaving markets with just the anecdotal commentary and earnings cues. Market participants therefore leaned heavier on corporate results and central-bank commentary, with the Federal Reserve’s remarks and shutdown-related risks coming into sharper focus. Against this backdrop, rate-cut expectations remained alive but muted, since policymakers lack fresh hard numbers to act on.

Earnings season picked up extra significance in this environment. With the macro calendar essentially blank, company reports (especially from banks, tech names and industrials) became the centrepiece of investor attention. Those businesses that indicated stable demand, manageable input costs or successful cost discipline received a boost, while firms more cautious or conflicted drew sharper sell-offs. Overall the market held its ground and nudged higher despite elevated uncertainty and thinner than normal participation.

Looking ahead to next week, there are more tangible data releases. The Leading Economic Index will be released early in the week, followed by existing-home sales mid-week and the much-anticipated rescheduled September CPI data on Friday. These publications should give markets the firmer footing they’ve lacked and may force a more decisive move on the Fed’s policy path. As always, stick to your trading plan and respect your risk. Godspeed.

Best,

Thicc Kohrs

P.S. The official Goonie Discord is live! (FREE Access w/ code GOONIE: https://bit.ly/GoonieGroup)

 


 

Earnings

Monday, Oct 20th

Evening: Zions

Tuesday, Oct 21st

Morning: Cocal Cola, GE Aerospace, GM & Lockheed Martin

Evening: Capital One & Netflix

Wednesday, Oct 22nd

Morning: AT&T

Evening: IBM, Lam Research & Tesla

Thursday, Oct 23rd

Morning: American Airlines & Southwest

Evening: Intel

Friday, Oct 24th

Morning: P&G

 


 

Market Events

Monday, Oct 20th

10:00 AM ET    US Leading Economic Indicators

 

Tuesday, Oct 21st

None

 

Wednesday, Oct 22nd

10:30 AM ET    Crude Oil Inventories

 

Thursday, Oct 23rd

08:30 AM ET    Initial Jobless Claims

10:00 AM ET    Existing Home Sales (Sep)

 

Friday, Oct 24th

08:30 AM ET    CPI MoM & YoY (Sep)

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

10:00 AM ET    Consumer Sentiment

10:00 AM ET    New Home Sales (Sep)

 


 

Seasonality Update

S&P 500 Seasonal Bias (Monday, Oct 20th)

  • Bull Win Percentage: 50%
  • Profit Factor: 1.22
  • Bias: Neutral

Equity Curve -->

 

S&P 500 Seasonal Bias (Tuesday, Oct 21st)

  • Bull Win Percentage: 57%
  • Profit Factor: 1.27
  • Bias: Leaning Bullish

Equity Curve -->

 

S&P 500 Seasonal Bias (Wednesday, Oct 22nd)

  • Bull Win Percentage: 57%
  • Profit Factor: 1.60
  • Bias: Bullish

Equity Curve -->

 

S&P 500 Seasonal Bias (Thursday, Oct 23rd)

  • Bull Win Percentage: 43%
  • Profit Factor: 1.07
  • Bias: Leaning Bullish

Equity Curve -->

 

S&P 500 Seasonal Bias (Friday, Oct 24th)

  • Bull Win Percentage: 36%
  • Profit Factor: 0.20
  • Bias: Bearish

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 6 for 6 times (10 for 10 total units) this past week.

Signal Accuracy: ~100%

Note: These signals are posted in real-time in the Goonie Trading Discord. You can join the Goonie Discord for FREE w/ code GOONIE (Click Here!)!!!

 

Piper's Current Signal Streak: 11 Trade

October Record: 32/34 Units

 

Monday, Oct 13th

SPY Put Credit Spread (2x Multiple @ $659 / $658) 🟢

QQQ Put Credit Spread (2x Multiple @ $597 / $596) 🟢

 

Tuesday, Oct 14th

SPY Put Credit Spread (2x Multiple @ $653 / $652) 🟢

QQQ Put Credit Spread (2x Multiple @ $590 / $589) 🟢

 

Wednesday, Oct 15th

No Signal Produced

 

Thursday, Oct 16th

SPY Call Credit Spread (1x Multiple @ $669 / $670) 🟢

QQQ Call Credit Spread (1x Multiple @ $609 / $610) 🟢

 

Friday, Oct 17th

No Signal Produced

 


 

Count of Market Whipsaw

86,472 *

* 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 || Happy Monday!
Monday, October 20th

Happy Monday!

If you're curious about what I trade & how I trade, join the Goonie Trading Discord. You can be a premium member for 1 month free of charge. It's a riskless opportunity for you to become a Goonie today!

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

 

Piper's Picks

No signal produced

 


 

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 || TGIF!
Friday, October 17th

TGIF!

If you're curious about what I trade & how I trade, join the Goonie Trading Discord. You can be a premium member for 1 month free of charge. It's a riskless opportunity for you to become a Goonie today!

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

 

Piper's Picks

No signal produced

 


 

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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