Trading Sucks
TODAY'S GAIN: -$1,550
My posted, REAL-TIME TRADES SUCKED!
I hate trading. It's stupid AF. The markets are rigged & dumb.
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Piper's Picks
A BEARISH signal, 4/5 strength, was generated at 11:00am 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: +$34 (+100%) per $166 signal cost
QQQ Return: +$30 (+100%) per $170 signal cost
Total Return: +$64 (+100%) -- This could easily be scaled per $336 signal cost
Thicc Matt's Personal Trades
Trade One: 30 x SPX 5470/5465 Put Credit Spread (Scalp Strategy Trade)
I liked this trade quite a bit, but the market had a different idea. My average entry was $2.20/ea, and my average axit was $2.80/ea -- This means my realized loss was $1,800.
Trade Two: 30 x SPX 5460/5465 Call Credit Spread (Revenge Trade)
Even though I stuck to my trading plan with respect to Trade One, Trade Two was a revenge trade to try to get back to green on the day. As it normally goes, my undisciplined trade cost me money. My average entry was $2.60/ea, and my average axit was $3.70/ea -- This means my realized loss was $3,300.
Trade Three: 40 x SPX 5485/5480 Put Credit Spread (Tilt Trade)
At this point, I was fully on tilt. I'm not even sure what I was doing. My average entry was $2.40/ea, while I pull the rip cord at $3.95/ea -- This means my realized loss was $6,200.
Trade Four: 50 x SPX 5470/5475 Put Credit Spread (Super Tilt Trade)
This was stupid, this was lucky, this was a win -- MY REALIZED GAIN WAS $9,750!
Trade One Return: -$1,800
Trade Two Return: -$3,300
Trade Three Return: -$6,200
Trade Four Return: $9,750
Total Return: -$1,550 (before fees)
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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!
