JL Super Bull

While I had shared a prior version of this bot (and strategy) in the community - with all of the new bot recipe's, smart pricing, etc. that have been introduced in the past 6 months, I have just totally rewritten it using all of the latest and greatest recipe's and features such as SmartStops, and SmartPricing, etc.

This strategy is simply purchasing a near the money Call Debit Spread each month at roughly 60-65 DTE's  and then IF there is any profit after 30 days, close that 30 day old position and if that 30 day old position is at a loss, you simply keep it open until it shows pretty much any level of profit, but also at that 30 day mark, you launch a new position 60 days out as well - so you "could" have 2 positions open at a time.

This rewritten SuperBull actually now uses Smart Stops to keep that first position open and just puts a trailing stop under it - so I am hoping to squeeze some extra juice out of the position.

John Locke - a trading coach I have worked with - has traded this trade live every month since 2011 and here are his trade results on this trade and it has had as many as 31 winning trades in a row!

So far for 2021, this trade is up 327% in as shown in John's YouTube video - please keep this trade to a small % of your account as it can take a total loss because there is no trade management involved. As a Call Debit Spread, your maximum risk is what you paid for the spread!

This strategy trades slowly - just 1 trade per month - but has a high win rate.  That said if/when it loses, it will lose it's full amount - so be sure to position size properly!

NOTE: This is normally traded on RUT and SPX which are not available to us at this time so I have written it to trade on SPY so commissions will be slight higher - BUT since it trades to relatively little (just one trade a month), that should not be a factor.

Let me know if anyone has any questions!