Moneyballing the SPY
*Trading is hard, results not guaranteed and should not be expected to be replicated typically.
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Locking in incredible wins trading the SPY!
Great place to start options trading…
Hey Folks!
Here’s my run-down for Alpha Hunter at the December mid-point.
From the snapshot below, you can see I’ve had some big winners and some big losers. In general I’m not focused on my personal win rate, but much more so on managing my trades, especially the ones that look headed for Loserville 👎.
Overall you can see I’m up quite a bit (surpassed my $10,000 goal already this month – hoo-RAH!), but I wanted to pull some of the data from my spreadsheet to show you what kind of trades I makes and – more importantly – can teach YOU to make:
Note: Trading is hard, results not guaranteed and should not be expected to be replicated typically.
You can get my FULL spreadsheet by contacting Jeff Brown ([email protected]) even if you’re not a member.
I know you might skim over the MSFT Scratch, but I am really proud of my discipline to manage that trade.
If you recall, I exited the MSFT put spread on Wednesday, the day after I set it up. I only made a small profit on it, and people were asking me why I exited at that time.
The short answer is that the market was rallying strong after the Fed news, and MSFT was just barely green. As much as I like MSFT, I don’t know why so many shares are being sold, but it was under tremendous pressure.
Here is a good chart showing you what happened.
Note: Trading is hard, results not guaranteed and should not be expected to be replicated typically.
As you can see, that was totally the right move.
As you become a more experienced, and disciplined trader, you will start to get a “sense” for when things just don’t feel right. When that happens, I have learned to trust my gut and just get out of the trade.
I can’t tell you how much I have saved doing that.
Decisions like these have me locking in over $10,000/month on average in Alpha Hunter.
My six month isn’t even over, and here’s where my journal sits:
Note: Trading is hard, results not guaranteed and should not be expected to be replicated typically.
I’m pretty proud of the way I’ve managed my trades to get to this point.
So if you are interested in learning more (I hope you are!!!), please check out my page here:
So quit dragging your feet and invest some time into improving yourself as a trader!
Hope to see you soon!
To YOUR success,
Jeff Bishop
MORE great trading resources:
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