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Mad Hedge Fund Trader

Progress Report from Europe - Part Two

Diary, Newsletter

I love walking around Saint Marks Square in Venice.

You have five different bands playing classical music all at the same time, the musicians dressed in white dinner jackets. Couples holding hands are enjoying the high point of their lives, making out in every corner. African immigrants are selling odd flying toys. The line at the gelato stand is a mile long.

I’ve been doing this since 1968, and my grandfather before me in 1917, and every year it’s just as intoxicating.

Only the clouds of pigeons are gone from the old days, poisoned by the Commune of Venice out of existence. I guess they were a health hazard.

The three-hour bus trip to Cortina d’Ampezzo was nothing less than hair-raising. The driver tore along roads that were maybe four inches wider than the bus, with precipitous 500-foot drops over the side. As we rose into the Dolomites, the scenery became increasingly impressive.

There used to be a cog railway that made this route the famous “Blue Train.” It was torn down in 1963 when it could no longer compete with the automobiles of a rising Italian middle class and is now a bike path. When this happened in Switzerland the government poured in massive subsidies to keep the trains running, which are now major tourist draws.

Once in Cortina, I checked into a suite that Earnest Hemmingway occupied for several months. He left behind a battered Royal portable typewriter which I used to send you a trade alert. Hopefully, some writing skills rubbed off on me.

I made the pilgrimage to Cortina to find the grave of my great uncle, a first lieutenant in the Italian army who died here in WWI. I hired a guide who took me along the front lines, and we picked up spent bullets and rifle parts at every turn. Abandoned telephone lines and barbed wire still dangled from the trees after 106 years.

On another day, I made the pilgrimage to the top of Little Lagazuoi, a massive 2,000-foot stone edifice turned into a fortress by the Austrian defenders. It is riddled with miles of tunnels so they could fire down on the Italians with devastating effect. Two reenactors dressed as Austrian and Italian soldiers gave me some local history and even let me inspect their guns.

After a week my story had gotten out and the whole town was looking for the grave of my lost lieutenant. But no luck. Out of one million Italian soldiers lost in the Great White War there we only 10,000 graves. The rest are missing in action.

On my free day, I decided to climb the most challenging of the surrounding Dolomite peaks, the Grand Torri of the Cinque Torri, or “Five Towers”. My guide interviewed me carefully first to make sure I was not just another American who had gone insane and was going to take him down with him.

My experience?

The Matterhorn seven times, Mt. Fuji in Japan four times, Mt. Whitney in California twice, and oh yes, Mt Everest, but only up to 22,000 feet where I ran out of oxygen. “Then let’s climb the Grand Torri,” said Stefano, my guide, with enthusiasm.

I have not engaged in technical rock climbing for 50 years. But it’s just like riding a bicycle, you never forget, right? Well, maybe. One problem is that I had gained 40 pounds since the last time I climbed.

Two hours later found me outfitted with a helmet, harness, and a heavy 80-foot rope clinging to a bump the size of a grape on a shear limestone face 200 feet off the ground. Stefano shouted that there was a better handhold a meter to the right. I couldn’t see it because of the curvature of the mountain face, so Stefano said “Jump”. Jump I did, and miraculously my bare hand caught the alleged outcrop.

The really hilarious thing is that while I was doing this a crowd of hikers accumulated at the base. Every time I made a death-defying leap they applauded and shouted “Bravo.”

How embarrassing!

After nine pitches we made it to the summit. I took plenty of pictures and videos along the way. But to do so I had to hold my iPhone 14 pro in my teeth while I switched from holding the rope with my right hand to my left. At a certain point, I decided I had enough video for the day and quit while I was ahead of the game and still possessed a phone.

Getting down was yet another challenge. Abseiling requires quite a leap of faith as you must lean back perpendicular to the mountain and then walk down backward as Stefano paid out a rope. One slip can lead to disaster. But an hour later I was back at the bar sharing a celebratory beer with my guide.

The next day, I rented a car and drove across the Italian Alps on the narrowest roads imaginable. But that is a story for another day.

TO BE CONTINUED.

 

 

Sending a Trade Alert from Earnest Hemingway’s Typewriter

 

 

 

WWI Italian Bunker

 

Spent Austrian Bullet

 

Rifle Inspection

 

Machine Gun Nest

 

My Guide Stefano

 

Was this Such a Great Idea?

 

Made it to the Top

 

The Celebratory Beer

https://www.madhedgefundtrader.com/wp-content/uploads/2023/07/john-rock-climbing.jpg 324 432 Mad Hedge Fund Trader https://madhedgefundtrader.com/wp-content/uploads/2019/05/cropped-mad-hedge-logo-transparent-192x192_f9578834168ba24df3eb53916a12c882.png Mad Hedge Fund Trader2023-07-31 09:02:052023-07-31 15:51:32Progress Report from Europe - Part Two
Mad Hedge Fund Trader

July 31, 2023 - Quote of the Day

Diary, Newsletter, Quote of the Day

“In order to write about life first you must live it,” said the great American novelist, Earnest Hemingway.

 

https://www.madhedgefundtrader.com/wp-content/uploads/2023/07/earnest-hemingway.jpg 564 448 Mad Hedge Fund Trader https://madhedgefundtrader.com/wp-content/uploads/2019/05/cropped-mad-hedge-logo-transparent-192x192_f9578834168ba24df3eb53916a12c882.png Mad Hedge Fund Trader2023-07-31 09:00:482023-07-31 15:51:00July 31, 2023 - Quote of the Day
Mad Hedge Fund Trader

July 28, 2023

Diary, Newsletter, Summary

Global Market Comments
July 28, 2023
Fiat Lux

Featured Trades:

(MY TRIP TO INTO INFINITI)
(TSLA)

 

CLICK HERE to download today's position sheet.

https://madhedgefundtrader.com/wp-content/uploads/2019/05/cropped-mad-hedge-logo-transparent-192x192_f9578834168ba24df3eb53916a12c882.png 0 0 Mad Hedge Fund Trader https://madhedgefundtrader.com/wp-content/uploads/2019/05/cropped-mad-hedge-logo-transparent-192x192_f9578834168ba24df3eb53916a12c882.png Mad Hedge Fund Trader2023-07-28 09:04:472023-07-28 15:19:51July 28, 2023
Mad Hedge Fund Trader

My Trip Into Infiniti

Diary, Newsletter

Don’t worry.

I didn’t fail to send off a newsletter yesterday because I fell off some Alp, although there were some close calls.

This high up in the mountains, there just wasn’t enough Internet to transmit my heavyweight ideas around the world. Here in Trento in northern Italy, the broadband hasn’t been upgraded since the Roman Empire, but at least it works.

Last year, I thrilled you with my aerobatics flying a WWII Spitfire over the White Cliffs of Dover (click here if you missed it).

Then I one-upped myself.

In appreciation to the early buyers of Model S-1’s, Tesla invited me to submit a photo to be etched on the side of a satellite launch into space. Having purchased chassis no. 125, I certainly qualified. Those who referred 25 other buyers were allowed to send videos.

Of course, I had to send a picture of me piloting a 1929 Travelaire D4D biplane, which you can find below. The photo was inserted into the mosaic below. I sent the Spitfire video on an SD card and it’s in orbit as well.

The blast-off took place at Cape Canaveral, Florida on August 4, 2022.

You have to hand it to Tesla, they really know how to do PR, and their advertising budget is nearly zero. The Detroit Big 3 spends $50 billion a year on advertising and gets a lesser result.

To watch a video of me blasting off into space on a Space X Falcon 9, or at least my laser-etched image, please click here.

Oh, and buy (TSLA) on dips as well. It just has a heck of a run.

As for me, I’m off for a bottle of prosecco.

 

 

https://www.madhedgefundtrader.com/wp-content/uploads/2023/07/collage.png 514 864 Mad Hedge Fund Trader https://madhedgefundtrader.com/wp-content/uploads/2019/05/cropped-mad-hedge-logo-transparent-192x192_f9578834168ba24df3eb53916a12c882.png Mad Hedge Fund Trader2023-07-28 09:02:372023-07-28 15:20:04My Trip Into Infiniti
Mad Hedge Fund Trader

July 26, 2023

Diary, Newsletter, Summary

Global Market Comments
July 26, 2023
Fiat Lux

Featured Trades:

(MY 2023 LEAPS PROGRESS REPORT)

 

CLICK HERE to download today's position sheet.

https://madhedgefundtrader.com/wp-content/uploads/2019/05/cropped-mad-hedge-logo-transparent-192x192_f9578834168ba24df3eb53916a12c882.png 0 0 Mad Hedge Fund Trader https://madhedgefundtrader.com/wp-content/uploads/2019/05/cropped-mad-hedge-logo-transparent-192x192_f9578834168ba24df3eb53916a12c882.png Mad Hedge Fund Trader2023-07-26 09:04:502023-07-26 10:48:09July 26, 2023
Mad Hedge Fund Trader

My 2023 LEAPS Progress Report

Diary, Newsletter

Lately, my followers have been screaming for more recommendations for LEAPS, or Long Term Equity Anticipation Securities.

LEAPS have the identical structure as a front month vertical bull call debit spread. The only difference is that while front month call spreads have expiration dates of less than 30 days, LEAPS go out to 18-30 months.

LEAPS also have strike prices far out of-the-money instead of deep in-the-money, giving you infinitely more upside leverage. LEAPS are actually synthetic futures contracts on the underlying stock.

Of the 11 LEAPS executed during the first half of 2023, ten made money. The best so far has been the Charles Schwab (SCHW) January 2024 $60-$65 vertical bull call spread LEAPS, which is up 58% in four months.

The only loser has been the United States Natural Gas Fund (UNG) January 2025 $14-$15 vertical bull call debit spread LEAPS, which is down 44%. But we still have 18 months until expiration and (UNG) is certain to soar once any kind of economic recovery comes in range.

The great thing about LEAPS is that the successful trades win big, up to a few thousand percent. With the losers, you only write off the money you put up.

Of course, timing is everything in this business. I only add LEAPS during major market selloffs as the leverage is so great, over 20X in some cases.

If you would like to receive more extensive coverage of my LEAPS service, please sign up for the Mad Hedge Concierge Service where you can access a separate website devoted entirely to LEAPS. Be aware that the Concierge Service is by application only, has a limited number of places, and there is usually a waiting list.

Given the numbers below, it is easy to understand why my followers are screaming for more LEAPS.

To learn more about the Mad Hedge Concierge Service, please contact customer support at support@madhedgefundtrader.com

 

 

Good luck and good trading,

John Thomas
CEO & Publisher
The Diary of a Mad Hedge Fund Trader

 

 

The Sweet Taste of LEAPS

https://www.madhedgefundtrader.com/wp-content/uploads/2023/07/john-thomas-tiny-car.jpg 314 282 Mad Hedge Fund Trader https://madhedgefundtrader.com/wp-content/uploads/2019/05/cropped-mad-hedge-logo-transparent-192x192_f9578834168ba24df3eb53916a12c882.png Mad Hedge Fund Trader2023-07-26 09:02:312023-07-26 10:49:54My 2023 LEAPS Progress Report
Mad Hedge Fund Trader

July 25, 2023

Diary, Newsletter, Summary

Global Market Comments
July 25, 2023
Fiat Lux

Featured Trades:

(TESTIMONIAL)
(ELECTIONS IN DAYS GONE PAST)

 

CLICK HERE to download today's position sheet.

https://madhedgefundtrader.com/wp-content/uploads/2019/05/cropped-mad-hedge-logo-transparent-192x192_f9578834168ba24df3eb53916a12c882.png 0 0 Mad Hedge Fund Trader https://madhedgefundtrader.com/wp-content/uploads/2019/05/cropped-mad-hedge-logo-transparent-192x192_f9578834168ba24df3eb53916a12c882.png Mad Hedge Fund Trader2023-07-25 09:06:562023-07-25 13:51:42July 25, 2023
Mad Hedge Fund Trader

July 24, 2023

Diary, Newsletter, Summary

Global Market Comments
July 24, 2023
Fiat Lux

Featured Trades:

(PROGRESS REPORT FROM EUROPE – PART ONE)

 

CLICK HERE to download today's position sheet.

https://madhedgefundtrader.com/wp-content/uploads/2019/05/cropped-mad-hedge-logo-transparent-192x192_f9578834168ba24df3eb53916a12c882.png 0 0 Mad Hedge Fund Trader https://madhedgefundtrader.com/wp-content/uploads/2019/05/cropped-mad-hedge-logo-transparent-192x192_f9578834168ba24df3eb53916a12c882.png Mad Hedge Fund Trader2023-07-24 09:04:022023-07-24 16:54:04July 24, 2023
Mad Hedge Fund Trader

Progress Report from Europe - Part One

Diary, Newsletter

I am now three weeks into a five-week European sojourn and things couldn’t be going better. I missed the US actors strike by a week, the England Southwestern Railway strike by three days, and the London Underground strike by two days. However, in Italy, I was hit by a one-day rail strike there.

Better yet, the stock market is up ten days in a row, torturing the few summer players left in it.

Who wouldn’t love a week in the Big Apple, its vibrancy and energy overwhelming? I booked a VIP seat to watch the Macy's Fourth of July fireworks display, including all the Champaign and hot dogs I could eat and drink. Despite several flirtations with bankruptcy, Macy's still puts on a great show.

I also spent two days at the New York City Department of Records tracing my family history. Among the amazing facts I discovered was that my grandfather’s first job upon entering the US in 1915 was to work as a machinist for Orville Wright at Wright Aeroengine in New Jersey. This was America’s first effort at mass-producing aircraft. That explains my family’s long association with aviation.

The New York Strategy Luncheon was outstanding, with a good time had by all. A collection of long-time loyal subscribers, some going back as far as 12 years, received the briefing of a lifetime and managed to throw in a few ideas of their own.

I joined the Queen Mary II at the Brooklyn Cruise Terminal, reclaiming the owner’s suite. It’s nice to be home again. This 2,200 square-foot palace included a large living room, my own office, and exercise room, a private elevator, a dining room, and a full-time butler. You can’t help but tear up passing the Statue of Liberty where so many of my forebears first glimpsed their new homeland.

A brisk eight times around the deck everyday assured me I was getting in my prober two miles' worth of exercise. You don’t get to be my age and still be ready for battle without a lifetime of tough exercise. At the mid-Atlantic, I even spotted a whale spouting and diving and sending his regards.

I managed to put in a vigorous morning of fencing. With “En Garde” a woman let out a blood-curdling scream and charged, attacking at every opportunity. She attacked so aggressively that at one point the safety fell off the tip of her foil and she started poking me in the chest for real. It turned out she was the former captain of the University of Melbourne Woman’s Fencing Team. But I held my own.

Fencing on a ship adds a new element. When you lunge forward and the deck disappears out from under you, the results can be surprising. Next is fighting with sabers. I never know when I might get challenged to a duel.

In London, I made the pilgrimage to the Royal Air Force Museum in Hendon. It turns out I had flown six of the aircraft types on display.

The London Strategy luncheon was a sold-out affair, with ten guests coming from eight countries. We covered every subject under the sun and a half case of French wine made the ultimate sacrifice. Too bad, the private military club banned photos for security reasons.

Even after three trips, the Orient Express never gets old. It’s even more popular now that the train gets destroyed in the latest Mission Impossible movie by, you guessed it, artificial intelligence. I had a three-star diner approaching Paris, breakfast in the Swiss Alps, and lunch in the Italian Lake District. I was positively waddling by the time I got off.

But traveling on a 100-year-old train has its adventures. A shocked couple discovered that they needed passports to get into the EC post-Brexit, so we were all turned back at the border. A flash flood washed out the tracks behind us. So just ten minutes short of Venice they moved the Orient Express onto a siding, detached the engine, and sent it to help with emergency repairs. As it passed, I thought “There goes our engine.” In recompense, we were offered all the free Champaign we could drink until it returned four hours later.

We finally arrived at a steamy and torrid Venice at midnight, the streets absolutely packed with tourists of countless nationalities and every restaurant full.

TO BE CONTINUED.

To watch the Macy's Fourth of July fireworks display grand finale, please click here. Turn your volume up for maximum effect.

 

With a 1949 Lockheed Constellation

 

New York City Department of Records

 

At Home Again on the Queen Mary II

 

En Garde!

 

Making Progress

 

On the Fantail

 

 

 

https://www.madhedgefundtrader.com/wp-content/uploads/2019/08/What-the-Next-Recession-Will-Look-Like.jpg 400 400 Mad Hedge Fund Trader https://madhedgefundtrader.com/wp-content/uploads/2019/05/cropped-mad-hedge-logo-transparent-192x192_f9578834168ba24df3eb53916a12c882.png Mad Hedge Fund Trader2023-07-24 09:02:142023-07-24 16:54:16Progress Report from Europe - Part One
Mad Hedge Fund Trader

July 21, 2023

Diary, Newsletter, Summary

Global Market Comments
July 21, 2023
Fiat Lux

Featured Trades:

(WHAT THE NEXT RECESSION WILL LOOK LIKE),
(FB), (AAPL), (NFLX), (GOOGL), (KSS), (VIX), (MS), (GS),
(TESTIMONIAL)

 

CLICK HERE to download today's position sheet.

https://madhedgefundtrader.com/wp-content/uploads/2019/05/cropped-mad-hedge-logo-transparent-192x192_f9578834168ba24df3eb53916a12c882.png 0 0 Mad Hedge Fund Trader https://madhedgefundtrader.com/wp-content/uploads/2019/05/cropped-mad-hedge-logo-transparent-192x192_f9578834168ba24df3eb53916a12c882.png Mad Hedge Fund Trader2023-07-21 09:06:402023-07-21 15:33:52July 21, 2023
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There is a very high degree of risk involved in trading. Past results are not indicative of future returns. MadHedgeFundTrader.com and all individuals affiliated with this site assume no responsibilities for your trading and investment results. The indicators, strategies, columns, articles and all other features are for educational purposes only and should not be construed as investment advice. Information for futures trading observations are obtained from sources believed to be reliable, but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. Your use of the trading observations is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of the information. You must assess the risk of any trade with your broker and make your own independent decisions regarding any securities mentioned herein. Affiliates of MadHedgeFundTrader.com may have a position or effect transactions in the securities described herein (or options thereon) and/or otherwise employ trading strategies that may be consistent or inconsistent with the provided strategies.

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