Hate Mail = Back Up the Truck
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When the crowd throws tomatoes, catch them… and take a bite.
That’s the trading philosophy Jeff Clark has applied throughout his 40-year career trading options.
And a few weeks ago, on this very show, he used it again — on Bitcoin.
Bitcoin had gone quiet. Stuck in a range for weeks, bitcoin was on almost no investor’s radar.
It was so unloved, Jeff got hate mail when he recommended a trade on it.
Days later, the cryptocurrency broke above $80k and neared six-month highs. Jeff recommended closing the trade for a triple-digit gain.
In our conversation this week, Jeff walked through why that trade worked. He also shared what he’s watching now that volatility has jumped roughly 25% in just a few sessions.
With a Fed meeting coming next Wednesday, he named two sectors he thinks are setting up for a run higher.
And he named two to avoid entirely right now — including one popular trade he thinks is about to cool off.
Finally, he also shared an update on his live options trade in the 12 Trades to $1 Million Challenge — three out of four winners, an average winning gain of about 137%, and a live position that’s currently in the green.
Watch my full interview with Jeff here.
In this week’s interview, Jeff talked about the rise of gambling-style trading — sports betting, prediction markets, and zero-day options. He thinks it comes down to people not seeing another way to get ahead.
That’s part of why he launched his 12 Trades to $1 Million Challenge. He’s trying to turn $5,000 into $1 million in 12 trades or fewer, using the same contrarian, options-based approach from this week’s interview.
The odds are long. Jeff says so himself. But his team combed nearly 400 of his closed trade recommendations and found 36 separate streaks of three or more winners in a row. Twice, those streaks ran long enough to turn $5,000 into seven figures.
Conditions like that tend to show up when markets move fast and sectors reprice overnight — close to what Jeff described this week.
Access to the Challenge is open now through Tuesday, Sept. 15. Get the full details right here.
To building wealth beyond measure,
Michael Salvatore
Editor, TradeSmith Daily