"The Witch" is back and The $50,000.00 Challenge

There is the universally accepted notion about the markets that goes like this “Out of the 250 trading days per year, 10 of those days will be off the charts, or through the roof” I couldn’t agree more. Today had to of been one of them… Now, can we just get a calendar that has them all written out in advance?? 😁 

Yesterday I mentioned that it was profit taking 101, and it was. The markets had been hitting fresh highs, and the machines ( Algos ) kicked in, profits were booked. Did I know today was going to be this green? If I had I wouldn’t be writing to you guys from here in the Midwest, I’d be writing to you guys from my own island somewhere… 🙃 

What I also mentioned yesterday was that we closed out our positions in CAT. In 3.5 days time we booked a profit of 167.75% or $19,513.00
What I shared this morning was that I had a game plan for CAT should it advance today and it did. So we reentered, only difference is this time we did so taking on risk, this was not as low risk as before. But we did so with the profits we made from yesterday. In trading ( just like in poker ) that is called “playing with house money”
Before I show you todays trade we need to establish a list for going forward
1: Low Risk
2: Low - Medium Risk
3: Medium Risk
4: Medium - High Risk
5: High Risk
The trades we had earlier on CAT were all 1 and 2’s
This trade today is a 3 maybe a 4. It’s still active, will most likely exit soon. You can see that this time we bought the OCT 360 Calls outright.
Earlier we had the 340 and the 350’s
For these 360’s we laid out $10,910.00 ( I would not advise trying to enter here after todays move )
Today at the close this one single trade is up 150.10% in one day, or $16,376.00

Add 19,513.00 ( The 3 CAT trades from earlier this week )
+16,376.00 ( The CAT trade from today )
—————-
$36,026.00

So we have now turned $11,632.00
Into $47,658.00 in a week

When I very first started this trade I told myself a number
That number was $30,000.00 Then I changed it to $40,000.00
That was my goal
What are your investing goals?
Do you write them down? Pen to paper? I do, every single day
Well we are obviously past that 30 and the 40K. Initially I thought it would take at least 5 weeks to do this, or that was my time frame at least. CAT is not exactly a high flyer, not even close
What CAT did have was great timing on our part, ( we had been following the action on the chart and the price was favorable upon our initial entry )
And the Options
Plain, plumb and simple, the Options
Not all Options are created the same, no ma’am / sir, they are not………..
Lets talk about that some on Sunday night
That is a lesson in it’s own

If this trend continues that $11,632.00 will be 50K in no time
What I am going to do, is set up a $50,000.00 challenge for myself only this one will be different. I’m also going to post the results as I go. Like I’ve been doing here this past week, only instead of having multiple trades like before I am going to make it more simplerererererererererer ( yes I just made that a word!! 😁 ) to track.
I won’t lie to you, this is not going to be easy
These CAT trades had the moon, sun and the stars all lined up perfectly just like I mentioned this morning. This will take work.

Speaking of work, tomorrow is “Triple Witching”
So all at once contracts for stock options, index options and stock index futures on a quarterly basis, will all expire at once
Events like Triple Witching can make or break investors
They say that there’s 5 trillion dollars outstanding for tomorrows close

If I gave you my new W.L. it might not even be of any use after the day we had today. And especially how tomorrow is Triple Witching. Lets hold off on that until Sunday night.

Congrats on the new ATH’s ( again ) to the S+P 500, the Dow Jones, The QQQ’s and alllllllllllll of you that were long in this market….. Now, can anyone tell us when the next of the 10 great green days will be please? 😃 

The Options Coach

DISCLAIMER: All content provided in this newsletter, blog, webinar, video, chart, communication is for Educational and Entertainment purposes only. Nothing included or mentioned is meant to be construed or used as trading / investment / financial advice. Trading / investing carries risk of loss, losses can and do occur. NO recording aloud...Know your risk and risk of loss before taking on any financial endeavors. Past performance is NOT a 

guarantee of future success. I am NOT a licensed or registered financial advisor or tax accountant. Prior to making any trading / investing /  financial decisions you should always consult with your licensed and registered financial advisor and tax accountant. There are no recommendations or solicitations  to buy, sell or hold any stock, future, options or bonds, cryptocurrency or any other financial entity in this newsletter. Nor are there any recommendations on any type or way or method to trade / invest. You do not have permission to redistribute this newsletter without my written permission first. 

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