Dids/Pexels
This Week’s Trade Exits
As soon as I exit a trade, I note that in the comments of the post where I first mentioned the trade; at the end of the week, I try to track them all in one post. Starting in July, 2024, I have also been tracking them in this spreadsheet. These are the trades I exited this week.
Stocks or Exchange Traded Products
None
Options
Call spread on Coinbase (COIN -3.10%↓). Entered at a net debit of $1.35 on 11/12/2024; expired worthless on 12/27/2024. Loss: 100%.
Calls on GEO Group (GEO -1.27%↓). Bought for $1.75 on 11/12/2024; sold for $0.60 on 12/27/2024. Loss: 66%.
Comments
Stocks or Exchange Traded Products
No exits this week, but our core strategy of buying our top ten names, putting trailing stops of 15% to 20% on them, and replacing them with current top names when we get stopped out, continues to perform well, driven by the performance of our top names.
Options
Last month, we posted four Trump “Euphoria” trades.
Two of them were winners: a call spread on Tesla (TSLA -4.81%↓), which we exited for a gain of 378%, and calls on Robinhood Markets (HOOD -2.82%↓), half of which we exited for a gain of 253%, and half for a gain of 112%. The trades we exited today, on Coinbase (COIN -2.72%↓) and GEO Group (GEO -1.59%↓), were the losers.
I may avoid COIN in the future. I feel like HOOD may be the better crypto broker play, and I like that they offer securities trading as well.
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