Fat Tuesday
TODAY'S GAIN: -$13,410
My posted, REAL-TIME TRADES SUCKED! If you want to learn how to be a horrible trader like me, the discord is perfect for you!
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Piper's Picks
A BEARISH signal, 3/5 strength, was generated around 10:40am 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 -- 2 total units!
SPY Return: +$13 (+100%) per $87 signal cost
QQQ Return: +$12 (+100%) per $88 signal cost
Total Return: +$25 (+100%) -- This could easily be scaled per $175 signal cost
Thicc Matt's Personal Trades
Trade One: 30 SPX 5580 Puts (Scalp Strategy)
This trade half good and half bad. The good part was the reasoning for the entry and the discipline to exit when required. The bad part was the size. I played way too big for no reason. My greed cost me. I went long at an average of $5.97 and pulled the ripcord at $2.00/ea -- This means my realized loss was $11,910.
Trade Two: 15 SPX 5610/5615 Put Credit Spreads (Revenge Trade)
After taking a big "L", I made the silly decision to chase the Piper signal way after is posted. I wanted to mitigate my first losing trade with no solid technical reasoning. To no one's surprise, it made the situation worse. I sold at $0.90/ea and bought them all back at $1.90/ea -- This means my realized loss was $1,500.
Trade One Return: -$11,910
Trade Two Return: -$1,500
Total Return: -$13,410 (before fees)
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.
Both of these trades hit if held until close -- 4 total units!
