7.13.25 Weekly Recap – A Tale of Two Different Weeks in One Week

Let’s recap the 2nd week of the 18 month plan. Each week I look at:

(1) Profit and Loss for the week

(2) Deposits and/or Withdrawals

(3) Current holdings

(4) Progress towards the $200,000 goal and dive into some specifics about trades. 

Overview

This week was an incredible week, an unusual week and in a lot of ways, it was the tale of 2 weeks. 

On the one hand, this was one of the most profitable weeks I have had in my years of trading – almost $5,000; on the other hand my overall account balance dropped almost exactly the same amount. 

Last week I mentioned that Profit and Loss was not viewed by the ending balance, but by actual, realized profit and loss and from that week’s trades:

Profit and loss in this context is not about the ending balance each week. That balance can fluctuate as much as 5% just moving with the market, it’s the wrong target. 

Well, I could not have been proven more right.This is why I said – and still believe – that Account Balance is not the right metric to determine success. Account Balance is an aggregate of the combined value of all of my stocks and options, so when one stock drops a lot, the Account Balance drops, which is what happened this week. On Wednesday, CoreWeave was hit twice – first they acquired a company that the market apparently didn’t agree with; separately but almost simultaneously, one investment firm downgraded them from Buy to Hold. The result:

This one stock drop accounts for my Account Balance dropping $5000. It is critical to remember that this is temporary, that stocks fall and stocks rise and a core tenet of the 1% plan is patience. 

 There’s a history for me here and one I do not want to repeat. In 2021 I got into Coinbase at $343, thinking I would cash in on the Bitcoin mania without the expense and volatility of Bitcoin itself. From my entry point in November 2021 until I got out in July 2023, the stock went as low as $35. It was AWFUL to watch and I spent alot of time watching it. In fact, I kept buying more and more, bringing my average cost for 500 shares to $200. In July 2023 it spiked briefly up to $105 and I got out, taking a $47,000 loss. That was painful enough, but more painful is that if I would have held on to that position and owned it today, it would be worth almost $200,000 instead of the $52,000 I sold it for. (see the chart below)

If the only real mistake is the one you make twice, I will be holding on to that Coreweave stock until I am profitable but I also will not be rushing to acquire so many more shares that I am stressed out by it. The key for me over the next few months is to focus on making cash deposits into the account and lower the % of my account comprised of Coreweave.

Last Week’s Trades ($4800 profit)

1. Added IONQ 7.25 47
2. Added SOFI 8/8 x 2 (for a total of 4)
3. Index Trading 7/7 – 7/11
4. Closed VSAT position
5. WMT Buy/Write 8.15
6. VSAT Buy/Write 8/15
7. 9.8 CRWV Play
8. 9.10 CRW Play (I don’t usually “day trade” meaning buying & selling the same thing on the same day, but this was an easy $800)
9. 7.11 Sold QQQ & closed 600 F early to pay for CRWV

Next Week’s Trades:  

The week of July 14 looks like a holding pattern. Over the weekend the White House announced tariffs of 30% for the EU, Mexico and Canada, all higher than expected. Now in the end who knows where the whole thing actually ends up, but it has potential to rock the markets when futures open this afternoon. I expect a choppy week.

My biggest watch will be CRWV, for all of the reasons listed above. I am not going to actively buy another 100 shares just yet, because that would not only tie up my trading capital, but would completely overleverage me on one individual stock. I don’t know if last week’s drop was a short-term blip, a long-term correction that will work itself over time or worse what if the stock has further to go? So what I am going to do is shift my daily purchases to buy a little each day and along the way continue to trade Covered Calls against it, making a few hundred each time, albeit spread out over weeks and months instead of each week. Patience and diligence are the name of the game.

This week I have one of those Covered Calls expiring on Friday and then the next 2 are 7.25 and 8.15. Long term I foresee rolling the 7.18 to 8.1 and the 7.25 to 8.29, creating a strong August with an 8.1 – 8.15 – 8.29, which should generate around $800 total.

As for the indexes, I am treading lightly. I actually trading the RUT every day last week for an ~$800 profit, but not without some stress. The reality is that with the tariffs and a slew of economic reports coming out this week, it’s anyone’s guess which way the market will head, even within each day.   If I do trade, it will be later in the day and it will be conservative. My first rule of the 1% plan is don’t risk anything I wouldn’t be comfortable losing and right now I can’t afford to lose anything as I sock away money to slowly acquire more CRWV.

I am targeting 4 Buy/Writes to complete my roster for each Friday between now & August 22:

1. Buy 100 IONQ/ Write 45 Call 8.22 ($375)
2. Roll CRWV 7.18 140 to 8.1 140 ($300)
3. Roll IONQ 7.25 42 to 8.22 45 (for a total of 2 @ $375 each)
4. Roll IONQ 7.25 47 to 8.1 ($200)

My updated roster of Covered Calls:

EXP DATE	CALLS	PREMIUM
7.18	IONQ 36	$385
7.18	CRWV 140	$175
7.25	CRWV 143	$255
7.25	IONQ 47	$310
7.25	XOM 111	$217
7.25	IONQ 42	$363
8.1	WMT 100	$140
8.8	SOFI 20	$120 (* 4)
8.15	WMT 100	$138
8.15	QCOM 155	$546
8.15	VSAT 16	$110 (* 2)
8.15	CRWV 150	$425
TOTAL	$3644

I continue to suspect that there is a correction coming to the market in the next few weeks. I am going to begin to pare some of my holdings and book profits, especially as Covered Calls expire in the money. 

As my Covered Calls expire I am going to continue to transition into more stable long-term holdings like COST, O, WMT as well as Oil and Banking.  

Current Holdings: Each week I will update my roster of current holdings.

SYMBOL	COMPANY	QUANTITY	PURCHASE PRICE	CURRENT PRICE
AGNC	AGNC INVESTMENT	205	9.10	9.40
COST	COSTCO	1.2	978	973
CRWV	COREWEAVE	300	143	125
F	FORD	500	11.40	11.77
IONQ	IONQ	300	43	43
IWM	ISHARES RUSSELL ETF	2	213	222
LTC	LTC PROPERTIES	37	35.50	35.20
O	REALTY INCOME	101	56	57
QCOM	QUALCOMM	100	150	159
SOFI	SOFI TECH.	400	17.50	21
VSAT	VIASAT	200	9.20	14.80
WGHW	WEIGHT WATCHERS	10	33.5	39.5
WMT	WALMART	200	96.60	94
XOM	EXXON	100	109	115

DATE	BALANCE (BEG)	BALANCE (END)	BALANCE (GOAL)	DEPOSITS	WITHDR.	PROFIT
7/3	$60,000	$62,500	$60,600	$740	$1,470	$1,200
7/11	$62,500	$60,500	$63,125	$830	$0	$4,900
7/18	$60,500		$63,750