“Market Wizard” Larry Benedict doesn’t invest the traditional way.
Instead, he uses a strategy called the Single Stock Retirement that's designed to put your retirement on the fast track, in any market, using just one stock.
We reveal what it is for free in this review.
The Teaser
We’re talking about a “recession-proof” strategy, designed for everyone that’s had success in bull and bear markets.
Larry got his monikor by not having a single losing year between 1990-2010 and being featured in Jack Schwager's Market Wizard book series.
We have previously reviewed other trading strategies and a few retirement-themed teasers too.
However, one major difference between those teasers and this one, is that Larry says he's been using versions of this strategy for years. Decades, even.
It's done so well, that his former hedge fund, Banyan Capital, made Barron’s Hedge Fund 100 list.
As Larry puts it, “One good trade is luck, decades of proven success, in good and bad markets. That’s skill”.
So, what exactly is his fast-track trading strategy?
It's All About Specialization Baby!
Our man Larry admits that he first discovered it by getting fired.
It was at the very beginning of his professional trading career.
He would get hired, start trading, lose money, and get canned. No matter what he did, nothing worked.
Until he realized what was missing: Specialization.
Larry's strategy boils down to two rules and this is the first.
Forget about 99% of stocks and the latest and greatest trading method. Find one thing and stick to it.
When Larry was at one of Wall Street's most successful trading firms – Spear, Leeds & Kellog. He specialized in trading a single index – the XMI.
It's the Wall Street way, foreign exchange, equity, and oil traders. Everyone's a specialist.
See, when you only trade one asset, you get to know it really well.
You start to understand how it moves. You detect patterns you wouldn’t otherwise. Most importantly, you figure out how to make money from it in all markets.
This is how Wall Street makes billions in trading revenue, every year, and now, so can we.
The Pitch
Larry has put together a special report to help everybody get started with his trading strategy. It's called The One Ticker Retirement Plan.
It is ours if we subscribe to the One Ticker Trader monthly research service for $199.
This is 60% off the regular price and comes with a 60-day money-back guarantee, a companion report called Larry’s Guide to Options, and regular trading setups and recommendations.
Larry's Second Rule
Earlier we wrote that Larry's strategy boils down to two rules.
The first was specialization, focusing on a single stock.
The second rule is to use options.
Larry tells us that he's been trading options since the 1980s when he got his start in the trading pits of the CBOE. The largest U.S. options exchange.
He calls options “a dream come true for everyday folks, especially in a crazy market.”
This is because all it takes is a small tick, in either direction, for us to potentially win big.
Of course, the opposite is also true.
A stock could go up or fall so much, that you lose many times the amount you paid for the option.
In other words, an option can take a small move in either direction and multiply it by 5x, 10x, or even 20x, or more.
The “fast track” is a double-edged sword.
So, specialization and options. But what does this strategy look like in action?
We already know Larry focuses on one stock at a time. However, it’s not the exact same stock, over and over again, year after year.
It's simply one stock at a time, traded for a month, or two months. Maybe more. Then, when conditions change, Larry switches to a different one.
What we do know is that one of Larry's favorite tickers to trade is the QQQ ETF, which tracks the Nasdaq.
In this example, it fell by around 2% over the course of a week.
However, Larry used a timely options trade to net 19% during this period.
Not bad considering the Nasdaq has averaged around a 9% return per year.
To prove that this wasn't an aberration, Larry did it again the following month.
This time with ticker symbol DIA, which is an ETF that tracks the DOW.
It surged 6% in a month and Larry used this momentum to trade it not once, not twice, but three times. Scoring a double-digit gain each time.
So, the macroeconomic environment doesn’t matter. Up, down, sideways, it's all the same.
The big question is, what ticker symbol is Larry recommending we trade now?
Revealing The Single Stock Behind the Strategy
Larry tellingly says that he plans to recommend this ticker repeatedly in the coming weeks.
This is because he believes it gives us the best chance to see huge gains, in very little time.
The ticker is SPDR S&P 500 ETF Trust (NYSE: SPY).
However, there's something Larry isn't telling us, like what the long-term track record of his strategy is and if the risk/reward is worth it?
Double Your Money in as little as 24 Hours?
We got plenty of general info from Larry about his trading strategy.
- The ticker – SPY
- The rules – one ticker, use options
However, what was omitted were the specifics – why, when, and how.
The “why” was touched on, ever so briefly. Stating that this single stock trading strategy delivered a return on cash of 69% in 2023.
What is glossed over though, is that Larry first started using his Single Stock strategy with individual investors in 2022.
Before this, Larry used it solely to trade for his own account.
This is important because generally speaking, the more widespread a strategy becomes. The less effective it is.
So, 2023 may have been peak single stock retirement strategy.
The “when” and “how” are equally inconclusive.
We had to go to Larry's website to get more info on the execution and timing of the trades.
This is what we were able to find…
Larry sends out an email disclosing that month's ticker symbol and some info on the macro trends he sees in the market. Then, he will execute one to three options trades each month to profit from that ticker.
So in any given month, trades will vary and depend on macro and micro factors.
As far as risk mitigation strategies go. The Hedge Fund Market Wizards book Larry is featured in gives us some insights.
It states that he limits his portfolio risk to a small fixed amount of 2%-2.5% in any given trade.
Overall, Larry is an experienced trader with impressive longevity in the market.
A single trade using this strategy could theoretically double your money, but only you can decide if it is right for you, based on your temperament and goals.
I just wish the strategy had a lengthier track record to evaluate.
Quick Recap & Conclusion
- “Market Wizard” Larry Benedict is teasing a “Single Stock Retirement Strategy” that's designed to help put your retirement on the fast track, in any market, using just one stock.
- This strategy comes with a few ground rules, including trading only one stock at a time and using options for leverage.
- Larry has put together a special report to help us get started with it. It's called The One Ticker Retirement Plan and it can be ours if we subscribe to his One Ticker Trader monthly research service for $199.
- The ticker symbol used changes every month, but the one Larry is recommending now is the SPDR S&P 500 ETF Trust (NYSE: SPY).
- Putting on a few trades per month and juicing them up with options may sound simple. But there's a reason 80-90% of retail traders consistently lose money.
Would you try Larry's Single Stock trading strategy? Let us know in the comments.