Trucker Jake's Trade Journal
Thank you for your interest in learning how I turned less than $200 into over $16,000 and paying myself $6,700 in 2 months. If you want a 60 second sales pitch and a get rich quick explanation in less than a minute, this is not the place for you. However, if you do want to learn how to get rich quicker than working 2 or more jobs to make ends meet, then grab a pen and paper and prepare to change your future and make things happen! In this post, I will share openly without charge how I turned $154 into $2143 in January 2024 along with the tools I use for my successful trading as I work a full-time job as a trucker.
For those of you not familiar with Substack, it is a Newsletter/Blog site you can subscribe to and follow my Trade Journal on. To avoid having people see a pop-up window asking for their email immediately, I have copied almost verbatim from that "READ FIRST POST" to this website for you to read and see that I do not bite. However, be aware that the videos mentioned below are on the Substack. I was not able to upload them on this page without selling my firstborn or other requirements with Google I wasn't interested in doing. When you get to the video section below you will find another link to it for you to continue to learn "the rest of the story" as the Late Great Paul Harvey used to say.
To read this first post, you are not required to subscribe if that makes you nervous. It should not ask you for your email when you click this link. If you do get the pop-up window asking for your email, you can click the "No Thank You" or "Continue Reading" underneath the email box to read without subscribing. My Trade Journal is not an alert service. It is my Trade Journal documenting my plays and thinking behind them all. Learn from my mistakes and compare my progress to yours. I hope you join me on this journey to financial freedom, while we still can.
For those of you who are familiar with Substack and looking for the information regarding the Million Dollar Challenge, CLICK HERE NOW.
For those of you familiar with Substack and not interested in the information regarding the Million Dollar Challenge, CLICK HERE NOW.
For those of you afraid to click the links to my Substack, continue reading below:
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I am not a financial advisor. I am a full-time trucker, part time trader, working on becoming a full-time trader and retired trucker. I work full time 12 hours a day five days a week as a trucker hauling fuel in Oklahoma. If a full-time “dumb trucker” like me can do this, so can you, whether you are a trucker like me, working 8-5 in an office, retail, shift work, night shift, student, or any other situation.
I have a BS in Liberal Arts and had to work extra jobs after college just to make ends meet. I finally "got smart" and went into the oilfield at the age of 40 and eventually obtained my CDL and now make 4x what I made with my college degree driving a tanker delivering fuel. With AI now taking jobs away from humans, how long will it be before yours or mine is taken? Don't blow this opportunity off. No telling how much longer you will be able to take advantage of this. So, I hope you jump on it today.
Be sure to read to the end. In this post I will show you how I turned $154 into $2143 in one month (over $16,000 in two months shown in my Substack for subscribers) AND I will explain in my videos in this very post what tools I use AND I will show you how you can make money trading other people’s money.
If you are already an “experienced trader” reading this post, I challenge you to see if I have what you are looking for. Otherwise, you wouldn’t be reading my post.
WARNING… DO NOT, I repeat DO NOT open a trading account and put money into it until AFTER you have read my substack and watched ALL the way through on my videos included within. You will understand after you do so and be able to “count the costs” and decide which path is best for you and your situation.
It is my goal to save you thousands of dollars of your hard-earned money and years of your life by sharing with you my experiences and education that I have gained after spending thousands of dollars and years of mine. The small amount of time you spend with me taking notes is going to save you more time and money than you can imagine. You will thank me after you do.
Please get a cup of coffee or your favorite non-alcoholic beverage (you need to be alert and sober for this) along with a pen and paper to take notes. TAKE NOTES!
Pause now and get your pen and paper…
Before we get to my videos loaded with valuable information, including how to make money using other people’s money, let me show you how I turned $154 into $2143 in one month using my own money…
This past January 2024, I restarted my Tasty Trade Roth IRA margin account by adding $100 to the $54 I had from the previous year. As I normally use my TOS Roth IRA cash account, I had not used my Tasty Trade account for some time and decided to see if I had learned enough from my past mistakes to swing some trades following “unusual option flow.”
Below are screen shots from my Tasty Trade account, via my phone, of trades I took this past January 2024:
First trade: On 1/2/24, I bought two MRK January 19 (expiration date) 116 strike Calls for $.69 each (.69x100x2= $138 cost, not including fees). I sold both on 1/4/24 at different times of the day for a total of $468 (less fees). Big gain on this first trade, some like to call a “3 bagger” as it basically tripled my account.
Second trade: On 1/4/24, I bought two SPOT January 19 (expiration date) 202.5 strike Calls for $2.27 each (2.27x100x2= $454 cost, not including fees). I sold both on 1/12/24 for a total of $490 (less fees). Gain on trade of 7%. Small gain, but green is always good. Average mutual fund makes 7% in a year. Making that 7% in 8 days is pretty good, don’t you think?
Third trade: On 1/12/24, I bought five CZR February 16 (expiration date) 48 strike Calls for $1.00 each (1.00x100x5= $500 cost, not including fees). I sold all on 1/18/24 for a total of $690 (less fees). Gain on trade of 38%. Even better than 7%. Woo hoo!
Fourth trade: On 1/18/24, I bought two TXN February 9 (expiration date) 170 strike Calls for $3.03 each (3.03x100x2= $606 cost, not including fees). I sold both on 1/19/24 for a total of $1,140 (less fees). Gain of 88%. Almost a full bagger.
Fifth trade: On 1/19/24, I bought thirteen KWEB February 9 (expiration date) 24 strike Calls for $.85 each (.85x100x13= $1,105 cost, not including fees). I sold all on 1/23/24 for a total of $1,521 (less fees). Gain of 37%. Nothing to complain about.
Sixth trade: On 1/23/24, I bought sixteen SOXL January 26 (expiration date) 36 strike Calls for $.97 each (.97x100x16= $1,552 cost, not including fees). I sold all on 1/24/24 for a total of $1,920 (less fees). Gain of 23%. Still good % gain, however, this one should’ve been a 3 bagger. I sold too early. Darn!
Seventh trade: On 1/24/24, I bought seventeen SNAP February 16 (expiration date) 18 strike Calls for $1.11 each (1.11x100x17= $1,887 cost, not including fees). I sold all on 1/29/24 for a total of $2,040 (less fees). Gain of 8%. This one had me worried. Whew!
January Results: After the above 7 trades in the month of January, you see that my Net Liquidity totaled $2,143. This amount is after all trades and fees applied. The Profit/Loss was “in the green” with a gain of $2,056. Remember, I started with $154.
