We made over $2,000 this week already — $1,000 over the July 4 weekend with minimal directional risk while on vacation and another $1,000+ on today’s trade. So we had 1 futures trade 1 and one options trade of the week — each resulting in $1,000+ trades.
In fact, our first client started with $20,000 just a week and a half ago. Today this morning, he sent me this screenshot showing his account at $26,100.
Of course, that does not include today’s rally that we benefited from – so I would estimate his account should be above $27,000 at the moment. That’s a $7,000 profit on $20,000 investment or 35% return in less than 2 weeks.
I can’t guarantee I will perform this well forever, but these are my results so far on an autotraded account.
As you know from our previous post, I had to go on vacation – so the safest way to trade and make money while on vacation was to put on an iron condor — but not just any iron condor. We put on a legged-in iron condor to maximize profits and minimize risks — this is an options strategy that is delta-neutral (takes no directional risk) – but capitalizes on time decay — particularly over a long 3 day weekend.
The max profit for this bull portion of the eventual iron condor was $675 — we are extremely likely to collect this full amount. Already, we have unrealized gains for 95% of this. This trade ate up $7,500 worth of margin in our account as shown in the red box below.
Then after the E-minis rallied towards 2088, we put on a bear call spread:
The max profit for the bear portion of this trade was $795. On July 5, we exited this bear portion – realizing around $500 of that $795 — probably a little bit more than $500. And there was no additional margin required to implement this trade once the bull put spread was put up.
The end result was that we realized $500 in the call side and are on track to realizing the $675 on the bull side — so that should be $1,175 for this legged-in iron condor strategy.
In addition, we also alerted a buy at 2070 ES today and are on track to >$1k in unrealized gains – for now.
This A-B mountain set up is an example of an A-B Mountain that breaks support ever so slightly but then reverses — and does that multiple times. This is the tricky thing with placing hard stops on a trade. A-B Mountains can really F – you up and cuse you to miss the rally that happened around 10:30am EST.
Today was actually a Fed minutes Wednesday day — but, as you can see from the above chart, not much really happened – the rally that we expected simply continued — though very slowly.
This is the theoretical A-B Mountain pattern that has been appearing over and over in the past several weeks—both in the S&P500 as well as gold and silver. And you can learn more about this pattern and other patterns in our upcoming stock market video course.
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