Another day in idiocracy. The markets seem to be calm despite the Orange turd destroying it with his ignorance while his minions are applauding to it. Let’s hope this will be a week without a crash. I am opening a new Iron Condor:

Order Summary

Buy to Open 1 SPX 08/11/2025 Call 6590

Sell to Open 1 SPX 08/11/2025 Call 6580

Sell to Open 1 SPX 08/11/2025 Put 6205

Buy to Open 1 SPX 08/11/2025 Put 6195

Limit GTC @ 0.40 Credit

We will wait for the trade to either expire worthless on Friday or close it early on a stop loss (3x received credit or a short leg reaches delta 0.30).

TRADE STATUS – CLOSED WINNER

Challenge Account (2025)

Net-Liq: $4,464.22
P/L YTD: $1,639.58
Credit/Debit Total: $120.33

Despite our P(e)OTUS (Pedophile Of The United States) meddling with the world tariffs (and fortunately, the world leaders are already ignoring him), the markets rallied on hopes, wishes, and expectations (dangerous combination) about the FED succession and tech earnings. This zigzag move helped out trades and both, the put spread and call spread expired worthless for a full profit.

ORIGINAL TRADE – FOR REFERENCE

I placed an order to open a new credit call spread, but I asked for a minimum of 0.35 credit to be willing to take the risk of a potential melt up. The order was hanging in the broker’s system for two days until today morning when the market suddenly jumped up and the order filled for 0.65 credit. Then, thanks to our economic imbecile, and his idiotic tariffs, the markets retreated significantly making this an excellent trade. We opened the trade when the market was high and it then retreated to the point of making the trade worhtless.  Here is the trade:

Order Summary

Sell to Open 1 SPX 08/08/2025 Call 6445

Buy to Open 1 SPX 08/08/2025 Call 6455

Limit GTC @ 0.35 Credit

The trade executed for 0.65 credit:

This trade is now made a part of the previous put spread, effectively converting the trade into an Iron Condor.

TRADE STATUS – CLOSED WINNER

Challenge Account (2025)

Net-Liq: $4,336.75
P/L YTD: $1,510.13
Credit/Debit Total: $87.42

All looked great the entire month of July until the last day, which was actually the first day of August. Maybe I should revise the records to end the month in Thursday rather than on Friday. That will make July 2025 performance look great. Maybe I should cook the numbers like our idiot in chief.

Everyone knows that tariffs are tax on American consumers and that will slow the economy, raise prices (inflation), and it could spark a recession or stagnation (when Americans stop spending). But, that is what the moron in White House has no clue about. He still thinks that tariffs are good and they will make us rich (translation: it will make him and his cronies rich, thanks to corruption and bribery).

So on Friday, we got job numbers that were bad, very bad. The economy added only about 70k of new jobs. That is only a half of what the US economy needs to keep growing. Then next bas news is that the previous job data from the previous two months were revised down. So, our labor market started shrinking, inflation rising and this is what happened on Friday:

Of course, this had an impact on our trading. As credit spread seller i.e. premium seller, one bad trade can have a significant impact on the performance. And that is exactly what has happened. This imbecile who calls himself a president of the US and who convinced half of Americans (that tells you how gullible Americans are) to vote for him because he “will run the country like a business.”

Well, if you mean that he will run this country like Taj Mahal (his casino) then you are actually very right. He is running this country like one of his casinos. And it will get worse. But hey, you voted for it, eat it!

So, here are the results of July:

July 2025 Trading Recap

July was a strong month overall despite ending with volatility triggered by renewed tariff announcements and weak labor data.

• Total Trades Opened: 8

• Winners: 7

• Losers: 1

• Win Rate: 87.5%

• Average Profit per Trade: $53.96

• Total Profit (Net): $377.74

• Max Consecutive Wins: 7

• Max Drawdown: -$385 (final trade closed early for a loss due to market gap-down)

• Risk of Ruin (Post-Loss): 2.8%

• Net-Liq Growth: +10.6% MoM

While the final trade of the month resulted in a loss, the overall trading structure remained disciplined and consistent with the mechanical approach. The plan moving forward is a tactical reset: reducing trade width to $10 until the loss is fully recovered, with minimum $35 credit per trade, before resuming scale-up.

The trade executed for 0.25 credit.

We are adding a call spread to our trade, but it is now pending. We are asking for 0.25 credit and we will not lower the price. If the trade doesn’t execute, we will let it go:

Order Summary

Sell to Open 1 SPX 08/01/2025 Call 6540

Buy to Open 1 SPX 08/01/2025 Call 6565

Limit GTC @ 0.25 Credit

I rolled the trade (this call spread as well as the put spread I opened earlier) to adjust for the market minicrash. Here are all rolls I made:

Overall, this trade closed as a winner but the put spread was a loser.

TRADE STATUS – CLOSED WINNER

Challenge Account (2025)

Net-Liq: $4,592.93
P/L YTD: $1,728.58
Credit/Debit Total: $581.57

The futures are rallying again on Trump’s fictional deals and TACO postponements. The market participants are no longer paying attention to him. But that doesn’t mean we are safe, not at all, the markets are melting up and they are poised for some continuation. Unless something happens, we might be continuing up.

So, we are opening a new put spread with 4 days to expiration. And since I will be traveling tomorrow, I am placing the trade tonight, but if it doesn’t execute tomorrow morning, I may adjust the entry price to execute.

Order Summary

Sell to Open 1 SPX 08/01/2025 Put 6245 (delta -0.08)

Buy to Open 1 SPX 08/01/2025 Put 6220 (delta -0.06)

Limit GTC @ 1.45 Credit

Buying power -$2,398.56

The trade executed for 1.45 credit:

Moron Trump did it again – ruined the US economy and the market crashed. Job numbers terrible and as a true dictator, Hitler 2.0, the best approach is to fire people who collected the data and dared to tell the truth. Our Fuehrer solved the problem. Now we will get cooked numbers. That’s what happens when you elect an idiot who has no clue about economy 101. What would you expect from an idiot capable of bankrupting a casino!

So we had a kneejerk reaction to bad job numbers, and on top of it tariffs.  The most beautiful word our economic ignorant moron loves. But hey, he just discovered the most beautiful word – groceries.

In order to salvage this trade, I rolled it a few times:

These rolls helped offsetting the carnage. Not much, but better than a full loss of $2,500. We ended up losing only about $460. Not bad.

TRADE STATUS – CLOSED LOSER

Challenge Account (2025)

Net-Liq: $4,592.93
P/L YTD: $1,728.58
Credit/Debit Total: $556.57

The markets were struggling… at least that was 3 days ago. Bu then we broke up and the markets rallied and this trade was in danger of getting in the money. As you can see, at one point, the closing price of the entire Iron Condor spiked to 2.45 debit – very close to our stop loss. But despite this spike, the delta was still very low so we would not close the trade even if the price hit the stop loss level.

ORIGINAL TRADE – FOR REFERENCE ONLY

The markets are struggling to go higher and we think it will continue going sideways. So we are adding a call spread to our trade (put spread) we opened yesterday:

Order Summary

Sell to Open 1 SPX 07/25/2025 Call 6415

Buy to Open 1 SPX 07/25/2025 Call 6435

Limit GTC @ 0.35 Credit

TRADE STATUS – CLOSED WINNER

Challenge Account (2025)

Net-Liq: $4,374.75
P/L YTD: $1,506.84
Credit/Debit Total: $455.13

This trade expired safely as the markets rallied. The creepy meltup continues.

ORIGINAL TRADE – FOR REFERENCE ONLY:

Monday… we are opening a new put spread. The markets seem to be rallying again. People think it is a false rally and markets are ready to crash soon. I am surprised myself, given what idiotic economic policies our government is implementing, but we are not trading suggestions, guesses, wishful thinking but reality of what we see on the screen. And we see the markets moving up in a very strong manner. We broke up from a consolidation:

And so we are opening a put spread instead of an Iron Condor:

Order Summary

Sell to Open 1 SPX 07/25/2025 Put 6180

Buy to Open 1 SPX 07/25/2025 Put 6160

Limit GTC @ 0.65 Credit

TRADE STATUS – CLOSED – WINNER

Challenge Account (2025)

Net-Liq: $4,287.78
P/L YTD: $1,616.32
Credit/Debit Total: $423.69

June 2025 Challenge account monthly risk digest is ready:

Trump is throwing tariffs left and right, desperately hiding his incompetence and preserving his own existence in government, but no one is paying attention to him anymore. The world leaders do not care about Trump (as they shouldn’t). They know that he chickens out in the end and that it will be Americans paying the price for his stupidity.

But this is a perfect opportunity for us to take advantage of the initial dip in the market, as it will be bought again. Therefore, we are opening a new put spread this morning:

Order Summary

Sell to Open 1 SPX 07/18/2025 Put 6080

Buy to Open 1 SPX 07/18/2025 Put 6060

Limit GTC @ 0.70 Credit

The trade was executed this morning. We will attempt to let the trade expire worthless on Friday. We will only close it when the trade turns against us – either delta spikes >0.35 or the closing debit price will be 3x of the received credit.

TRADE STATUS – CLOSED – WINNER

Challenge Account (2025)

Net-Liq: $4,085.07
P/L YTD: $1,409.76
Credit/Debit Total: $362.25