Exits, 12/27/2024
How we did on the trades we exited this week.
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.
Top Names, 12/26/2024
Note: Tonight’s post got delayed by some maintenance at Substack. Sorry about that.
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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