MACRO-FORECASTER. GEOPOLITICAL-WAR-STRATEGIST. FORMER CIA&MOSSAD INTELLIGENCE. PROFESSIONAL TRADER IN THE CHICAGO PITS 25+ YEARS. FOUR PhDs. stay at home dad.
Many have been asking for my OptionTrading strategy so here we go:
A thread🧵:
1/5 A little about me, I’ve been trading options since 2010 after I lost my job and my family lost our house in the 2008 financial crisis. Me and my wife (ex-wife now but still good friends) were...
My cousin works on the floor of the NYSE and he just called me as he prepares for his Monday shift to tell me he’s never been more scared in his 30+ years in the market. He’s asking if I have a spare room if things really blow up. He thinks we have one week left. Max.
My grandfather has been warning me about all this. He was a professional trader on the trading floor in 1987, 1973, and 1929. He’s telling me what he is seeing now psychologically and technically is identical to the moments before these crashes. We have 4 trading days left. Max.
When I was on the NYSE trading floor in May 2008 I was seeing tell tale signs 2 weeks before the market rolled over and crashed -30%. Well guess what… I’ve been seeing those exact same identical signs the last 2 weeks.
I’ve been an electrician for 15yrs. The last 5yrs self-employed. The last 12months are the busiest I’ve ever been in my career. More jobs in the go than ever before and no sign of qualified workers anywhere. If we are in a recession it hasn’t effected the construction world yet.
In 2021 I cashed out 340k profits from trading but then I lost about 320k at the beginning of 2022 in January when the markets tanked. Now for some reason my tax return says I owe 65k but how’s that possible when I lost almost everything? Doesn’t make sense.
My position in $TLT produces a monthly payout of $350 a month USD a near 5% monthly yield!!! A money producing machine 🤑 💰!!!
Disclaimer: down 70k on the year on my $TLT position.
BREAKING: White House says if the US defaults, the stock market is expected to decline to 1800 on the S&P within weeks where White House staff will then “begin to load up on year long leap calls.”
I had 50k saved up for my sons college but he’s only 12 years old. I just decided to put the entire saved fund into 340 QQQ puts expiring next Friday. Easy double that 50k into 100k. Instead of Alabama State he’ll be going to Stanford.
This AM I quit my $350k/year job to become a full time trader.
I didn’t bother giving my 2weeks notice. Just straight up left. At market open I had about 800k in life savings and went all in short. Account completely blown out by close. Will be sending out my resume all weekend.
Just received the “sell everything” signal from a financial trader I know who never misses. I can’t tell you which bank he works for but let’s just say it rhymes with “Golden Slacks”
⚠️ Stock market looks like it’s been halted since around lunch time. Something isn’t adding up. Things could break down at any moment and they know it. This is the calm before the storm. ⚠️
@AustinT1551
My grandfather says he knows your grandfather. Saw him trading on the 1929 floor. Says he blew out his trading account so bad that he literally shat his pants on the floor in front of Morgan Stanley himself.
Spent time talking with relatives over Christmas break specifically my one uncle who is a retired trader from WallStreet. He was saying we’ll see the 10y rally back to 4.10% early January which will coincide with one of the nastiest rug pulls on the Nasdaq since the DotCom bust.
Powell says he wants the market lower. 99% of market participants think he does a 0bps “skip” tomorrow. Not me. I’m in the 1%. We get 50bps and SPX hits 3800 by Friday. Pin it📌.
Did I buy a silly amount of 0dte calls with leverage at yesterday’s open? Yes.
Did I close the position during todays selloff? No.
Did I put a stoploss when I entered the trade? No.
Did I blow out my account and receive a margin call from TDAmeritrade today at 3:25pm? Maybe.
Having a beer with a buddy tonight. His cousin is in finance. Works at one of the big banks. Says they’ve all been in full panic mode ever since the carry trade and are expecting something big to break any day. They’re all saying it’s “time to short this pig”. Be safe out there!
I don’t want to sound dramatic here but it is possible, in fact it is almost certain, that we will NEVER see above 4200 on the S&P again in our lifetimes.
Meta will regain all its after hour losses here plus more by Fridays close. I’ve gone all in with money I can’t afford to lose which I almost NEVER do. Meta to 500 by 4pm Friday. Book it.
Bears at their trading desk still holding their 3950 shorts seeing markets across the board overextended for over a week straight wondering why the market keeps going up.
If you thought Fridays close was bad just wait until you see futures open in 3hrs. Was talking to my brother who trades for one of the big banks (can’t disclose which bank but rhymes with PJ Snorgan) and he says everyone is in full blown panic mode. Be careful out there folks! ⚠️
If you’ve been short the market during 2023 then you’ve been what I call “macro’d”. Most new traders get macro’d at some point early in their trading journey. I was macro’d hard in 2014-2016 when I began trading. It’s hard to recover from getting macro’d. Some never recover.
As a Phoenix Arizona resident for the last 22 years of my life I can assure you that this is by far the hottest summer I’ve ever experienced. At the Walmart parking lot today and some darker grey and black colored cars are literally melting in the sun. Climate change is no joke!
I told you this was going to happen in 2021. And then I told you again that this would happen in 2022. Then I told you again in 2023. And finally I told you for the last time in 2024. And none of you ever listened. Now you bulls will pay the price. Don’t say I didn’t warn you!
Many people are DMing me asking if I’m okay after suffering substantial losses shorting the S&P, but the thing is, when you trade on high leverage you only lose a small amount of your own money. It’s the bank that suffers the greater loss. I’m doing just fine 🤙
Market has peaked. I admit that I’ve called the top wrong more than a few times this month but I’ve just been a bit early. This is the one FOR SURE. I’m all in short.
Starting a new $3 to $1,000,000 trading challenge for 2023. I know it sounds ambitious but with my first $3 I bought a scratch lotto card and I won $12. Already up 400% in a day. I’ll be posting every trade live in real time. Let’s see what the next trade brings!
Browsing Twitter I see that pretty much nobody is ready for tomorrow. Strap in for the biggest rally on the S&P in our lifetimes. If you aren’t all in as of today then I’m sorry to say it’s already too late. Pin it 📌
The verdict is in. The writing is on the wall. The stars are aligned. The stones are set in place. The wheels are in motion. The rollover has begun. S&P to 3200 by mid July. This is my final warning. ⚠️