Happy Friday everyone!
Sorry it has been a while between posts but have been very busy with my practice, trading, and Mtb race season also started.
Above is an image of a trade I put on last Friday. Started with just the BWB. Margin risk on that was 20k and the trade also cost about 21k. The market then made all time highs (amazes me that people like to by stuff when it is more expensive than ever). But I have learned how to trade the insanity and take advantage of it. If people want to give their money away I will take the other side of that trade.
The BWB was losing money so on Monday/Tuesday I legged into the BWB with the double calendar. Both of those cost about 16.5k. Today I am closing for about $7400 in profits. I have 2 sets of these on in different accounts. so 14-15k profits in a week. Max risk if you are being stingy 75k in total risk (cost of the trade plus margin x 2) so a 19.3% return in a week.
Not all win, but I never let any go to max loss and they can all be adjusted to gain more profits, break even, or change the risk profile.
Lots of people are marketing these trades on Youtube and to be honest I have worked with some of them on the sidelines. Full disclosure, Amy Meisner taught me the basics but I have since tweaked them for current market structure and will continue to adjust. But now you have the “Flyagonal”, the M3 and assorted variants, and a bunch of other traders on YouTube selling classes for these for anywhere from $400-5000. Most of them training it do not know all the specifics and eventually they will blow up their and their subscriber accounts. I know most on this forum can learn this and turn it into their own trading style. I taught this with Traders Reserve, but that group had difficulty understanding all the adjustments and they would often adjust trades to add more risk. A few claimed they blew up their accounts but never showed me their trade logs so I know they scaled too quickly and did not understand the Greeks enough to make proper adjustments. We sent out adjustments but they did not follow them.
If enough interest we can do a free webinar (I suspect it would take 3 to get all the adjustments out there) and I would like your thoughts on other adjustments I might be overlooking.
A few rules though: I assume no risk, I am not a licensed trader/broker/dealer, I will be sharing my copyrighted material so if I see anyone trying to sell this on YouTube or anywhere else you will be sued, and I am not running it as an advisory service. I don’t have time. It is ok to teach your family and friends but no one can make $$ off the training of it.
But if you want a limited risk, highly profitable, tax benefits in SPX trading tactic I am willing to share. It also works in other tickers but SPX has been the most efficient. My returns have been 499% from October 2022 until Dec 31, 2025. This year with the volatility I am already up another 92% and closing todays trades should put me over 100%. And it’s only April. That does not include compounding, just the raw profits.
But my days of unlimited risk and picking up pennies in front of the steam roller has been over since 2022. Took 3 years to perfect it.
