I took some lumps on SPY back in December — three losing trades that cost me around $1,200 combined. But this week, I finally closed out the last piece of that repair, and I’m walking away with a $3,300 winner.
That’s a $2,100 net gain on a busted trade, so let’s discuss how I did it…
Buying Time and Lowering My Breakeven
This was part of a larger income strategy I teach in my Waterfall Income class, and the goal from the start was simple: manage the loss without throwing in the towel.
I held onto a chunk of shares and started selling covered calls, rolling them out in time and up in strike to reduce my cost basis.
Most recently, I rolled a $590 covered call on SPY out to the June 30 expiration and collected a $4.90 credit. That lowered my adjusted breakeven down to $557.32.
If I get called away at 590, that’s a $3,268 profit — which fully offsets the $1,200 I lost on those original December trades and put me $2,100 ahead.
Why This Repair Worked
I didn’t try to be a hero and chase big directional moves or bail on the trade. I stayed patient, stuck to the process, and let the premiums do the heavy lifting.
That’s the key with repairs — it’s not about hitting a home run. It’s about taking a bad trade loss and turning it into a net win over time.
This trade also reminded me why I always stress the importance of structure and planning. I didn’t know SPY would recover this well, but I had a strategy in place if it did.
And now I’ve got one less loss on the books and a real example to point to when I talk about advanced trade management.
If you’re in a losing position, don’t panic. There’s always a way to claw back — you just need the right tools and the discipline to stick with it.
I’ll see you in the markets.
Chris Pulver
Chris Pulver Trading
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P.S. They Said It Was Impossible… But We Have PROOF
Let me tell you a secret most professional investors don’t want you to know…
Trading isn’t about finding “good” stocks — it never was.
It’s about finding stocks that institutional money wants to own.
Think about it — have you ever bought a stock with perfect fundamentals and flawless technicals that just… went nowhere?
Meanwhile, companies with questionable metrics suddenly rocket higher for seemingly no reason?
There’s a simple explanation: Wall Street’s buying power moves stocks.
Everything else is just noise.
For years, we’ve been playing a losing game, trying to react to institutions after they’ve already established positions…
- Dark pool data? Too late.
- Breakout patterns? Already happened.
- Volume spikes? You missed the move.
But yesterday, we witnessed something that changed everything.
Jamie Dlugosch showed us a discovery that left us speechless — a statistical anomaly (a green diamond) that appears right before institutional money starts flowing into stocks.
Not after they buy… Not during their buying… BEFORE.
This contradicts everything we’ve been taught about efficient markets. It shouldn’t be possible.
Yet the evidence is undeniable…
Stock after stock showing this pattern before explosive moves…
Similar companies without the signal going nowhere…
Real-time predictions playing out exactly as anticipated.
Even Nate Tucci, who’s evaluated thousands of systems over his career, called it “the most consequential force in the market” he’s ever seen.
While we cannot promise future returns or against losses…
Jamie’s system is already flagging THREE new stocks showing the exact same pattern that preceded previous winners.
He’s sharing them with everyone who reviews his findings, and I’m joining him at 1 p.m. ET today to see it in action.
After years covering financial markets, we don’t endorse strategies lightly.
This one is different — it fundamentally changes how retail traders can approach the markets.
The evidence speaks for itself…
