Comment by phil

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phil
July 16th, 2019 at 11:38 am

/GC/Albo – Especially if the Dollar comes down, which it should off of 97.

Well, time to start the portfolio reviews, we'll start with the easy one:

Money Talk Portfolio Review:  We can't touch this one so it's easy to review.  Nothing wrong with not messing around as we're up to $136,583 (173.2%) which is up $20,540 since our 6/12 review and keep in mind this is a $50,000 base portfolio, so that's up about 40% for the month!   Clearly the markets are insane.  We do have a TZA hedge but very small and that was because it reverse split and the TZA hedge expired and, since I wasn't on the show last month – that left us very bullish – which was kind of the plan if we survived Q1 earnings and we did.  Now we're worried about Q2 but I can't change the portfolio 'till I'm on the show next month so we'll hope for the best.



• SQQQ ended up being a $7,000 loss and TZA is not faring much better but we had a plan for what the rest of our positions would make if the market didn't head lower and, so far, we're executing that plan, with plenty still to gain if we stay on track.  
• TZA – If all goes well, we expect to lose $6,360 on this hedge.
• ALK – On track to gain $1,438 on the short puts.  
• BNS – Net $2,750 on the $10,000 spread that's on track to make $7,250 (263%) more so good for a new trade.
• CAT – Net $7,734 on the $15,000 spread is already over target with $7,266 (94%) left to gain.  
• GIS – Net $9,388 on the $11,250 spread is pretty much done with $1,862 (20%) left to gain.  I know some people would LOVE to gain 20% in 6 months on a blue chip spread that's deep in the money but – yawn….
• GOLD – Net $8,500 on the $12,500 spread means $4,000 (47%) left to gain and we're just about at goal on the put side and well over target for the calls.  
• IBM – Net $2,740 on the $7,500 spread that's deep in the money has $4,760 (173%) left to gain, that's respectable for a new trade.  
• LB – Net $7,020 on the $40,000 spread is about where we came in with $32,980 left to gain and we're $16,000 in the money so let's hope for nice earnings on 8/21.  
• MJ – Net $5,850 on the $40,000 spread still has $34,150 (583%) left to gain so of course this is good for a new trade.  
• MU – Net $4,812 on the $15,000 spread has $10,188 (211%) left to gain and that's very respectful.  
• UNG – Net $260 is less than we paid on the $7,000 spread and the funny thing is it's $5,000 in the money with $6,740 (2,592%) left to gain – I'd say that's very good for a new trade!  
• WPM – Net $11,918 on this $18,750 spread is well on the way and 100% in the money with $6,832 (57%) left to gain, so not too bad if you can be satisfied with 57% in 18 months for a trade that's 10% in the money to start.

See, trading isn't that hard, is it?  I think we've only made one adjustment (LB) to this portfolio and, otherwise, these are all original trade ideas that were never otherwise touched.  If all goes well, the above trades will make another $117,466 by Jan 2021 less (so far) $6,360 we expect to lose on TZA.

These trade are selected BECAUSE we feel they are fairly bullet-proof as we only do Money Talk once per quarter and we're already miles ahead of expectations.  That's why our last 3 Trades of the Year (WPM, LB, IBM) are in it and, in November, we'll be adding our 2020 Trade of the Year (I have no idea what yet) as well.  

The lesson of this portfolio is you don't have to constantly touch your portfolio to make good money – just make a few good selections, budget your hedges and let nature take its course!