Project 250k

Announcing Project 250k: Can a Master Trader earn $250,000 USD ONLY by trading earnings AND after posting all his trades ahead of time?

Trading earnings has always been my specialty. Last season, I went pretty much perfect, with only a few minor problems on SBUX and COST (namely, my puts expired pennies out-of-the-money) and one blunder on Seagate. Other than that, on GOOG, AAPL, AMD, NVDA, MU and a plethora of others, I was perfect.

So the idea is as follows:

  1. I want to earn a $250,000 profit…
  2. … in 5 weeks…
  3. Trading ONLY earnings.

All while posting 100% of my trades before I make them.

Additionally, I will NOT take any undue risk (i.e. risking $1M to win $100M on a coinflip). In fact, all my positions will be between $10,000 and $30,000 (depending on the product and stock).

The project will start July 9th, 2017 and will end August 11th, 2017, which is the date of the last earnings I’m interested in (Telus, in case you are curious). All my trades will be posted Sunday before the trading week starts on my Patreon. One trade will be posted publicly on FSComeau.com, along with a weekly update, every week. Free, for all.

My goal is to earn $250,000 in five weeks, or roughly $50,000 per week, for five weeks. I know I can do it. And, to be honest, this is something I’ve been wanting to do for a while. Consider it a personal challenge to myself. It’s not that I really need the money, it’s just something I need to prove to myself. And, by extension, to you.

I plan to achieve project 250k using mostly:

  1. Buy calls; if I buy $20,000 of calls and double to $40,000, that’s a +$20,000.
  2. Sell puts; if I sell $15,000 of puts and they expire worthless, that’s a +$15,000
  3. Buy/Short stock…

You get the drift by now, this will mostly be achieved with options. I use a vast variety of strategies and risk profiles. People who have been my patrons for a while can certainly relate. The total result will be the sum of all gains/losses and 100% of my trades will be posted (well before they are done), so 0 cheating involved.

The goal is to end with a final profit of a quarter millions, after all fees/commissions. Now, let’s see if I can do it.

DISCLAIMER: The trades I do are very risky. Do not blindly follow them. Be aware of the extremely high risk involved with these transactions. Selling puts, for instance, implies a very amount of risk that you may or may not be comfortable with. I make zero guarantee on whether or not the trades I post will work or be profitable. Always pick trades you are comfortable with and make sure you understand all the implications of every trade you make. AGAIN, THIS PROJECT IS SUPER RISKY and I could easily end up with a $500,000+ loss. Follow your own risk tolerance. I offer 0 guarantee that I will even get close to my $250k objective.

Liked it? Take a second to support fscomeau on Patreon!

, , ,