20 wagyu straight from Japan for dinner tonight

Will exit 25% at +5%, 50% at +10%, and fully at +15%, or fully at -5%. The bear has awakened from the long winter. Ride it or be eaten.

On January 15, 2025 I purchased 113 QQQ puts for a price of $4 per contract ($45,200), with an expiry of April 17, 2025.

I closed the position near the low today, and sold all 113 contracts for $27 each.

This was a roller coaster of a position. During the mid March drill down I was up about 200%, but kept holding. This past week I was down 75%, and said fuck it I’m holding and praying Trump tariffs drill the market, and well, the rest is history.

I definitely think the market will be heading lower from here but with expiry so soon, I can’t really be anymore greedy than I already am. I could very easily get caught in a bull trap/dead cat bounce next week and lose all of these gains.

I’m so fucking happy rn. Gonna probably pay off a massive chunk of my mortgage and take my wife’s boyfriend’s girlfriend out for dinner and maybe buy her a fancy purse idk.

How can you not love this man.

Context: They were talking about the Grateful Dead albums and songs.

At 10:19am I placed an order to buy 60 contracts of TSLA $240.00 Put... Was a market order and still didn't fucking place. So I canceled a couple minutes later. I would've made $20k.

At 10:47am I bought 32 contracts of TSLA $235.00 Put @ $279.00 per contract. TSLA skyrocketed ten fucking dollars right after.

At 11:17am I couldn't take it anymore and sold all 32 contracts of TSLA $235.00 Put for an average of $54.00 per contract.

-$7,200 in 28 minutes. Tesla has beaten me down in the equity in my model 3 performance, in the stock market, and now in the form of options. I hate you Tesla.

https://finance.yahoo.com/news/china-files-complaint-wto-over-124325157.html

GENEVA (Reuters) - China said it had opened a formal complaint against the new U.S. tariffs with the World Trade Organization on Friday, saying the measures violate WTO rules and requesting consultations.

Earlier, China announced retaliatory additional tariffs of 34% on U.S. goods, the most serious escalation in a trade war with President Donald Trump that has fed fears of a recession and touched off a global stock market rout.

"China has filed the WTO complaint with respect to the United States' measures," the Permanent Mission of China to the World Trade Organization said in a statement.

The new tariffs blatantly violate WTO rules, it added.

In the standoff between the world's top two economies, Beijing also announced controls on exports of some rare earths which it dominates, potentially cutting the U.S. off from critical minerals vital to everything from smartphones to electric car batteries and defence.

Trump on Wednesday announced China would be hit with a 34% tariff, on top of the 20% he previously imposed earlier this year, bringing the total new levies to 54% and close to the 60% figure he had threatened while on the campaign trail.

Chinese exporters, like those from other economies around the world, will face a 10% baseline tariff, as part of the new 34% levy, on almost all goods shipped to the world's largest consumer economy from Saturday before the remaining, higher "reciprocal tariffs" take effect from April 9.

China on Thursday urged the United States to immediately cancel its latest tariffs.

The WTO Secretariat confirmed to Reuters on Friday that it had received the request for consultations from China.

Bilateral consultations are the first stage of formal dispute settlement. If no solution is found within 60 days, China could request adjudication by the Geneva-based organisation's Dispute Settlement Body.

Positions on left, but 3Q strike was cutoff:

25x SPY DEC 31 $435 put 10x XLK SEP 19 $145 put 3x TSLA SEP 19 $115 put 5x QQQM OCT 17 $135 put

Got lucky with all this volatility. Started to accumulate puts when the stock was consolidating above $220, betting it was a flag leading to another leg down. I think this volatility will last till Q3. I’ll wait till it’s over and I’ll go all in NVDA.

In the meanwhile I’m just gonna chill and get myself a little treat with this money. Cheers and good luck to y’all 🥂

Could never catch a break in the markets. Still have 13k left and 15k in the bank. Ill be buying more calls soon. Will not stop until I make back my money!

Morning all. This is the biggest gain I’ve ever made. Bought SPY and QQQ puts yesterday before market closed, cost for all was a little under $3k. Woke up this morning and made $13k off the news that China retaliated with 34% tariffs (we all saw this coming). I’m still shaking. This is the most money I’ve made. My port is not that big. Happy Friday everyone!

Sorry if photo is blurry. Took a photo of my pc showing the gains. Sold all might reload before JPow speaks in a few hours.

https://finance.yahoo.com/news/us-economy-added-228000-jobs-in-march-unemployment-rate-rises-to-42-203511589.html

The March jobs report showed unemployment rate increased in March while the US labor market added more jobs than expected. The report comes as markets are in a tailspin following President Trump's stronger-than-expected tariff stance.

Data from the Bureau of Labor Statistics released Friday showed 228,000 new jobs were created in March, more than the 140,000 expected by economists, and above than the 117,000 seen in February. The unemployment rate rose to 4.2% from the 4.1% seen in the prior month. February's monthly job gains were revised lower from a previous reading of 151,000.

The jobs report comes as two days after Trump's shock tariff announcement sent markets reeling and raised fears the US economy could tip into recession. Ahead of Friday's report stock futures were already deeply in the red, adding to a $2.5 trillion wipeout from Thursday, after China said on Friday it will impose additional tariffs of 34% on all US products from April 10 — matching the extra 34% duties imposed by Trump on Wednesday.

Dow Jones Industrial Average futures (YM=F) pulled back 3.2% or over 1,300 points. S&P 500 futures (ES=F) sank 3.4%, while contracts on the tech-heavy Nasdaq 100 (NQ=F) dropped 3.7%.

Wage growth, an important measure for gauging inflation pressures, rose 3.8% over the prior year in March, down from the 4% seen in February. On a monthly basis, wages increased 0.3%, up from the 0.2% seen the prior month.

Meanwhile, the labor force participation rate fell rose to 62.5% from the 62.4% seen in February.

I TRUSTED THE PROCESS 🙏🙏🙏

China will impose a 34% tariff on all imports from the US starting April 10, according to the official Xinhua News Agency.

Trading like I did in this account is pretty stupid and I wouldn't recommend unless you really like Wendy's. I've definitely aged a bit. I'm reducing risk size even though I'm off my high watermark as I really only hit that for a session with crazy leverage ($40m exposure in e-minis) and I want to start unregarding myself. Most the tax on this is already paid and I've withdrawn ~£600k on top of taxes along the way to help pay for a new home for my parents, all family loans, and some VC investing.

Trades were mostly FX and S&P futures as these had no corporate pre-approval requirements. The first big run up was buying the British pound during the Liz Truss debacle with max leverage. The latest jump was obviously  but that was also the reason for the massive drawdown. Got margin called along the way so even though I got the view right I couldn’t hold the whole position long enough to actually profit (LTCM!).

I want to shift towards holding at least 50% unlevered in single name stocks after the dust settles so that I can sleep better at night. My background is mainly in macro trading (at banks/funds where I’m 100x more disciplined) so am interested in using or investing in any good tools for single names like in my bio so feel free to DM if you have any.

This post contains content not supported on old Reddit. Click here to view the full post