We Had Another Five Wins From Five Trades By Larry Benedict, Editor, The S&P Trader Hey traders, Larry here with your weekly update… It was another great week for The S&P Trader. We had another five wins from five trades. Our five winners generated a total of $8.91 (or $891 on a one-contract basis). And we had three bearish and two bullish trades. Our rolling year-to-date (YTD) profit is now sitting at $32.58. That equates to $3,258 per contract. Those who traded three contracts, for example, would now be up close to $10,000 YTD. These results show yet again the strength of our strategy. The key is to apply it consistently… That means not picking and choosing which trades you take. You need to place them all if you want to replicate my results. You also need to be a stickler for risk management... That means only trading at a size you’re comfortable with. And never trading with money that you can’t afford to lose. Start at just one contract. You can always build that up to a higher number once you’ve grown your trading account. Our challenge now is to match or beat the results from last year. In 2023 we generated $114.56 (or $11,456 on a one-contract basis). That result equated to a cumulative 114% return for the year. That was around 5.5 times the S&P 500’s return over the same period… The other great news is that the next quadruple witching period is only a month away. And that’s typically a profitable time for us. In the meantime, I’m confident that we’re going to see plenty of tradeable moves… How We Generated Our Five Winners Last week, a softer inflation number than predicted set the SPX off to an all-time high… The consumer price index data print showed 3.4% annualized for April. That was 0.1% below the 3.5% forecasts. And it came after successive rises since the start of the year. The market initially rallied off the back of that data. But the follow-through was more subdued… That’s because two Federal Reserve members said inflation would likely take longer than expected to get back to the Fed’s 2% target. That put the “higher for longer” narrative right back on the table. That’s why the SPX reversed off its high on Thursday before closing slightly lower on Friday. We were able to navigate this and other moves last week to generate our five winners. You can see those in the table below… 
(Click here to expand image) As you can see, we made $8.91 (or $891 per contract) last week. And $32.58 (or $3,258 per contract) YTD. Again, those trades were roughly evenly split. We had two bull put and three bear call spread trades. Overall, we've had a great run in 2024. Of the 92 trades we've made this year, 84% have been winners. And we're averaging a 2.1% gain on capital committed per trade. That's not 2.1% a year. Our average holding period is one day. So if you made 2.1% in one day and repeated that trade over the year's 252 trading days, you'd be up 529.2%. Another Big Week Ahead Looking forward, this week is shaping up to be yet another big one… On Wednesday, the Fed will release the minutes from its last meeting. As we saw, the Fed pivoted to an easing stance, then backtracked almost immediately. Analysts will be pouring over those minutes. And they’ll be looking for any clues about where rates are heading… That comes the same day that Nvidia (NVDA) will announce Q1 earnings (after market close). NVDA is one of the major drivers of the AI-based tech rally. Another blowout number from NVDA has the potential to set off another leg of this rally. As always, whichever way the numbers go, we’ll be ready to trade both sides of the market. So please keep a close eye on your inbox. And don’t forget that if you have any questions, you can send them to feedback@opportunistictrader.com. I’m always glad to interact with readers. Regards, Larry Benedict
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