Happy Monday!
TODAY'S GAIN: -$2,700
My posted, REAL-TIME TRADES NOT SO GOOD -- My risk management was nowhere to be found on my first trade of the day, which is a perfec receipe for disaster. The painful details are below.
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
A BULLISH signal, 4/5 strength, was generated around 10:20am 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 signals missed :(
SPY Return: -$164 per $164 signal capital requirement
QQQ Return: -$162 per $162 signal capital requirement
Total Return: -$326 per $326 signal capital requirement
Thicc Matt's Personal Trades
Trade One: 10 SPX 5,720/5,710 Put Credit Spreads (Piper Strategy)
I don't mind this trade entry, but I should have managed it better. In retrospect, I should have cut this play when the market broke down at noon. This PCS was sold at $1.70/ea and I bought it back at $9.50/ea-- This means my realized loss was $7,750 (double what it should have been).
Trade Two: 10 SPX 5,740/5,750 Call Credit Spreads (Piper Hedge Strategy)
Even though I didn't exit Trade One in a timely manner, I did at least hedge it. I sold the CCS at $1.80/ea and bought it back at $0.05/ea -- This means my REALIZED GAIN WAS $1,750.
Trade Three: 30 SPX 5,720/5,710 Put Credit Spreads (Revenge Strategy)
Was it luck? Was it skill? We will never know, but it did help cut my losses on the day. This PCS was sold at $1.10/ea and expire worthless -- This means my REALIZED GAIN WAS $3,300.
Trade One Return: -$7,750
Trade Two Return: +$1,750
Trade Three Return: +$3,300
Total Return: -$2,700 (before fees)
You can join the Goonie Discord for FREE w/ code GOONIE (Click Here!)
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 -- 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!
