Thank you for your sage advice and ability to leave the corporate grind. I work from home and trade from anywhere in the world. I'm on my way to becoming a full-fledged Mad Hedge Fund Trader!
Now that I've been a Mad Hedge subscriber for five years, I've experienced trading with you in a world of extreme market volatility and global turmoil, many market rotations, and have mastered options strategies I had never deployed. I've made more than my healthy annual salary in one month.
I've also strengthened my understanding of economics, geopolitics, and the global marketplace, all while enjoying your amazing life stories and travels. I still make costly, stupid mistakes now and then, but I'm not a professional trader. Thanks for telling me I'm now a semi-professional!
Today, I'd like to share my first round of amazing LEAPS performances. Thanks again for your advice to take profits, reinvest, and when to go to cash for the next round of opportunities.
I entered my first LEAPS in October 2022, when you called the market bottom (amazing), and added more in December 2022 on a dip, and all your LEAP alerts since then.
NVDA Jan 17, 2025 call spread: Took profits of 482% at 46% max profit on May 23, 2023, to cover LEAPs cost, leaving only pure profit in the trade.
My LEAP cost on the $10 spread was $0.88. Are you kidding me? Sold @ $5.10.
NVDA Jan 17, 2025 call spread: Took remaining profits of 811% at 78% max profit on Jan 19, 2024, even though waiting to expiration would yield an outstanding 1,040% return! The risk/reward was no longer in our favor. Sold at $7.99 one year before expiration.
BRKB Jan 17, 2025 call spread: Took profits of 421%
JPM Jan 17, 2025 call spread: Took profits of 412%
PANW Jan 17, 2025 call spread: Took profits of 394%
VRTX Jan 17, 2025 call spread: Took profits of 350%
SLV Jan 17, 2025 call spread: Took profits of 113%
JPM Jan 19 2024 call spread: Took profits of 87%
PANW Jan 17, 2025 call spread: Took profits of 85%
X Dec 19 2025 call spread: Took profits of 70%
All of these LEAPs had much more room to run, but we're not here to post "glamor" returns; we're here to make money, and, more importantly, your pal Warren Buffet's rule #1: never lose money! Don't ignore your stops! Lock-in hefty profits early and reinvest when the underlying prices spike.
Don't be greedy. Mr. Market is always right. Sell when the market is over-exuberant and complacent. Buy when there's blood in the street, and you want to puke it's so frightening.
These are just some of my LEAPS profits, and I'm currently holding many more. I have so many more amazing trades to report and stories to tell. Coming soon.
Happy Trading!
Bill from Mill Valley, CA
