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Starting this week, I will restrict the weekly watchlist report on Monday, access to my daily focus list, and trades (In chat) to paid subscribers only. The price will only be $20 a month or $149 a year, and this is truly an incredible value which will certainly become more expensive. As of today, I’m beating the S&P 500 returns this year by multiples, and that’s a gross understatement.
Here are just the past two weeks of my biggest losers and winners.
The Merciless Trade - Biggest losers and winners
Week of 10/7-10/11 2024
Three Biggest Winners 🙂
CCL -On Tuesday, I bought $18 Oct 18th calls for $1.07 average and sold them for $2.03 average
89.71% gain BANKED
SLI -On Monday I bought SLI Oct 18th calls for .35 cents and sold 92% of the calls for .762 avg by Friday
Holding 7% current price of options .92
117.714% gain BANKED
UBER–On Friday I bought Uber Oct 18th $80 calls for $3.30 average, closed at $6.45
Legged into selling the Oct 18th $90’s for .37 by 3pm, creating a bull call spread $80/$90
95.45% gain Unrealized
Three Biggest Losers 🙃
AVGO–On Thursday, I bought November 15th $175 calls for $16.35 and sold for a loss early Friday morning at $11.78
27.95% losses BOOKED
CRNC–Bought Oct 18th $3 calls for .75 cents on Monday and sold Friday at $0.385 average
49.34% losses BOOKED
SLV–Was carrying some $27 Oct 18th from last week and I got whipsawed on a good portion of the trade. Bought SLV $27 calls at $2.09 average sold at $1.01.
51.67% losses BOOKED
The Merciless Trade - Biggest losers and winners
Week of 10/14-10/18 2024
Three Biggest Winners 🙂
ASTS - Bought Oct 25th $22 calls for $3.38 this past Wednesday, the same day I sold these calls at two different prices, 5.30 and $6.03 for a $5.665 average.
Result: 67.60% trade BOOKED
MARA – Bought MARA early last week for an average of $2.22 on Oct 25th $15 calls for a 3.13 average. Rolled into Oct 25th $16 calls
Result: 40.991% gain BOOKED
OKLO – On Friday I entered a trade by buying Nov 15th $15 calls for $4.40 average selling in 3 different trades for an average of $7.78
Result: 76.81% gain BOOKED
Three Biggest Losers 🙃
UBER – Rolled into Nov 1st $80 calls at $5.37 average and ended up selling these for a loss at $3.34 average by Friday.
Result: 37.80% loss BOOKED
BBAI – Bought November 15th $1.50 calls for .40 on Tuesday and sold these for a loss on Thursday for .32.
Result: 20% loss BOOKED
JOBY – Over the two last week I had bought $5 Oct 18th Joby calls for .86 average and last Tuesday I sold out of these calls at .51
Result: 40.69% loss BOOKED
If you understand probabilities, we certainly could always see a few standard deviations move in equities, and using this strategy will certainly lead to me getting my clocked cleaned on any week and month. Absolutely and that’s expected, and prepared for, as I always have roughly 50% in cash and hold no option to zero. Now if you’re making over 100% on trades, as you can see, is fairly common for option traders, and never losing 100%, you’re creating an edge. Also, pulling back and changing tactics can give you an edge, as prior to August 5th of this year you can see from my weekly market report how I handled the changing landscape. Here is what I said on August 4th, the day before equities went crashing down 5%.
So how do I handle this from a trading and investing standpoint? Well, the first thing I did was reduce my short-term trading positions by 80% on Thursday/Friday. As of today, I’m mostly cash with a small net short bias. As coupled with weakening market internals, the price action in Nvidia on Thursday was yet another sign for me that this is a different operating environment.
That week I absolutely nailed the trade, going short into the event, and then being able to buy the dip. Now, if you are a premium subscriber, you will get the trades like this as I make them, not on a once-a-week basis.
As I developed as a trader, and played to my strengths, inflection points, and order flow being top of the list. I continued to refine my methods of scanning equities to find stocks at or near an inflection point, or companies turning the page on a new chapter in their history. So even if you just use my watchlist to find new investment ideas over the course of the year. I’m certain you will find value in my ability to find explosive moves in stocks, which often corelates to improving fundamentals. Just take ASTS as an example, which I started trading this year around $7-$8. When I started trading this company, the stock was already up 200% from the lows. The move was based on transformational deals, and as they continued to get major telecom companies to pledge support for their satellite services, the stock continued to move higher. Well, the stock went from $7 in June, to $39.08 in August, as you can see in the chart below, which is a whopping 458% gain since I latched on to the company’s momentum.
Now, I have traded AST SpaceMobile in many time frames over the last 6 months. Often, I swing trade, and day trade these types of equities. This is a counterbalance that I have created over the last two decades as a trader, invest conservatively, trade aggressively. As on my investment side, I normally invest my earnings from trading into mostly passive ETFs, with 5-10 stock taking up to 40% of the portfolio, more typically around 20%. This has worked very well for me, as there was a time I was simply trying to do way too much. Managing all my investments actively, many speculative, and then trying to trade aggressively, it led to way too many inefficiencies, stress, and losses. So, I continued to refine the way I manage my assets and trading, looking for that sweet spot…
Now for just $20 a month, or $150 a year you could be on the pulse of the markets daily, being able to watch, in real-time (Chat feature), how I have made a living for over two decades as a professional day trader. Over the next few months, I will add new reports and refining my premium services. So, if you aren’t interested in my current offering, check back over time as I add new and exciting features for my premium subscribers.
That said, I hope many of you will consider coming along on this journey to be the best trader I can be…
Thank you again for all your ongoing support. Take care. Be good.
Eric
Thats a real bargain for a daily watchlist, Eric is very thorough.