Pattern Trader members had the ability this past Friday to lock in their biggest win yet — a 36% gain** on COF in just two days! That’s right on par with our average hold time of three days per trade…
That makes a total portfolio gain of 188%, with an average return of 17.1% per trade — what a hot streak!
And it was all possible with the power of today’s state-of-the-art algos at the tip of your fingers…
Pattern Trader members know the historic win rate, profit factor and equity curve of the trades before they even get in!
That’s why I just went LIVE to break down the strategy for anyone who wants to learn about it, at absolutely no cost!
We are coming off of one of the hottest Julys on record…
And no, I’m not talking about the weather, I’m talking about trading, baby!
Our Weekly Blitz Alerts strategy booked nothing but winners over 12 straight trades in July!
It’s gonna be hard to improve on perfection, but we’re going to keep running up that 67.7% lifetime win rate for as long as possible!
Those of you reading Blitz Daily likely already know about our bearish trade on the “failing” New York Times — those Aug. 19 $32 puts reeled in 61%* overnight, well above our lifetime 14.7% weighted average return and eight-day average hold time!
There’s no better feeling than having the hot hand and hitting wins on trade after trade.
But as exciting as it is, it’s also a recipe to wind up biting off more than you can chew, unless you keep your options position sizing in check…
The major indexes dropped as a strong jobs report hints the Federal Reserve will keep hiking rates.
The U.S. added more than 500,000 jobs in July, well above consensus estimates of 258,000. The unemployment rate also fell to 3.5%, below estimates of 3.6%.
Jobs growth was expected to slow as the Fed raised rates to curb runaway inflation. But with the most recent report coming in better than expected, the Fed is likely to remain in rate-hiking mode.
In earnings news, DoorDash beat on revenue but fell short on earnings per share. The company also warned that consumer spending will be softer in the third and fourth quarters. Despite the warning, shares jumped more than 9% in Friday’s premarket trading.
Correlation is a statistical concept that, in simple terms, describes the relationship between two or more variables. The relationship is positive when the two variables move in the same direction (both up or both down), and is negative when they move in opposite directions (one up, the other down). An example of “perfect positive” correlation would be: Stock A moves up by 7%, and Stock B also moves up by 7% (direction and magnitude same). An example of “positive” correlation would be: Stock A moves up by 7%, and Stock B moves up by 5.5% (same direction but magnitude varies).
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*Stated results are typical for given period. Past performance is not indicative of any future results. Trade at your own risk. **Stated results are atypical for given period. Past performance is not indicative of any future results. Trade at your own risk.
Disclaimer:
The material in this document is for informational purposes based on our proprietary research. It is not an offering, specific recommendation, or a solicitation of an offer to buy or sell any securities mentioned or discussed herein.
Any performance results discussed herein represent past performance, are not a guarantee of future performance, and are not indicative of any specific investment.
Due to the timing of information presented, any investment performance reflected within this document may be adjusted after the publication and distribution of this material. There can be no assurance that the future performance of any specific investment, investment strategy, or product made reference to directly or indirectly in this communication will be profitable, be equal to any corresponding indicated historical performance levels or be suitable for your portfolio.
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