Week of September 25
Brutal selloff Post-Powell...
Recap of last weeks action:
Maybe the best week we have ever had last week. While most people were down huge.
We rallied on Monday right off the bat. This trade became a winner instantly, 0 drawdown. Took a small profit. Base hit. Nothing special, but yet another winner.
We met the conditions to enter the trade on Tuesday close. These were around 6-7 bucks at Tuesday 4pm. They settled on Friday for 79.94. So about a 13 bagger.
3rd trade given to founding members was a short at 4565 ES, using 4450 puts. Those were 18 baggers. See below.
As always for me, huge winners are not impressive in and of itself, you have to look at how many losing trade you are taking to hit those huge winners. So let me see, *checks notes*, 0 losers this week. Actually we haven’t had a losing options trade in literally months.
The bonus here, what is huge, is that we make a shit ton of the money when the market is selling off, we will flip long when the time is right and you potentially turn that 13 bagger to a 25 or 50 or 100 bagger. More on that later.
My weekly plan was spot on from every single angle last week, detailing the technical bounce but the extreme downside potential that would occur (and did). I even sent this tweet out last week with my prediction of what might happen. Everything I described in the tweet played out in reality exactly as I expected. Im not trying to pat myself on the back so hard here, just trying to illustrate one of my belaboured points and staunch beliefs. That if you study hard enough, gain enough experience, trade enough, you can get to a point where you are able to predict short term market movements very reliably - and ultimately make alot of money. The bullshit that gets peddled on fintwit about “dont try and predict the market - just react” is retarded. You can predict the market, it definitely aint easy, but it is possible with hard work/determination/luck/some natural ability. If you take the defeatist mindset you’re never going to make it, especially in this game.
If you look back at the month, now that September is coming to a close, here is a recap of what we did together.
Shorted the high of the month right after labor day weekend. The top was made literally hours after I sent my weekly plan. SPX didnt trade above 4500 again until September 15, see #3.
Turned bullish the day we bottomed that week.
After shorting the exact high of the month, SPX traversed above 4500 again 2 weeks later, and we top ticked that. 18 bagger. (Overnight trades only for founding members).
Bond buyers washed out - check (TLT new lows)
Hawkish Powell - check
Higher terminal/rates pricing - check
Yields breakout towards 4.5% - check (touched 4.51%)
Do you still believe you can’t predict the market?
Next move for markets?