A Very Good Year
Over all accounts and portfolios, I am up approximately 500% in fifteen months. I am steadily de-risking and use leverage in the form of options only (vs margin.) Adding shares that are down on most days and building hedges. I’m learning about how to construct a portfolio for the long-term, as I’ve reached my goal. Though still play a bit as I enjoy speculation and due diligence. I’ve even bought TLT (ok, TMF, calls.) Buying bond ETFs and other adjustments, such as VIX calls, are meant to balance and hedge portfolios, but also to capitalize on the rate cutting cycle and volatility I expect in Q4.
I was pleasantly surprised by the magnitude of profits, but did expect each position to gain - else I’d not have invested or traded them. Specific holdings that performed well included $NVIDIA (NVDA.US)$ , $MicroStrategy (MSTR.US)$ , $AST SpaceMobile (ASTS.US)$ and some small caps that I am currently speculating on (and will share thoughts on in separate posts.) Swing trading index options and $SPDR S&P 500 ETF (SPY.US)$ contracts helped to’ juice’ returns (and are fun.) The biggest benefit of trading the S&P is that no matter market conditions or inspiration, a viable trade is possible on any given day.
Some ‘do’s’ and ‘don’t’s’:
Do:
- Read, study, listen and learn daily. Information is power, use it to advantage.
- Ask questions! It’s silly to be shy, there are eight billion of us, and we are all learning.
- Build a base in shares through DCA or an allotment strategy using income (perhaps to weight more on equities that are down in a moment.)
- Whether growth or value, invest in that which has promise of greater comparative returns.
- Know yourself. Focus on strengths and mitigate weakness, be who you are.
Don’t:
- Overtrade. Only make a move based on strong conviction.
- Forget that there is always an opportunity, no need to hold green until it turns red.
- Blindly follow others. Getting ideas is great, be sure to conduct your own due diligence.
- Be afraid to ‘lose’ sometimes. That is part of this exercise; accept that and move on.
- Overleverage. Stay within a safe zone and build over time.
Happy trading and investing all! 🌞
#2024 Q3 P/L Challenge
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
It’s a beautiful day!
Former scientist, enthusiastic reader and student of capital markets. LT/s-trade/options/crypto
491Followers
58Following
1778Visitors
Follow
Blue Jets : Congrats! how is your job application at ASTS?
DeltaPa : Amazing
BelleWeather OP Blue Jets : Oh! I was so sad - I got the invitation to the launch, but too late! (I bought more shares with what I would’ve spent on the trip.) I would be honored to work with such talented people. Alas, I’ve not the the talent myself. What they have accomplished is inspiring (and I now am focused on following similar innovative contributions. Perhaps one day I’ll make one myself.)
Ednerggy : You inspired me to ask as my S&P 500 diagonal spread expires, I was assigned 100stocks so I closed both and brought 100stocks to neutralise. As I was closing my long call by selling call, I was given the 0.34% below market as shown in picture, the question is should I leave it that way or should I adjust it to market price? I tried adjusted to market price but I can't seems to close it. I tried mid price I also can't close it. Can anyone guide me?
BelleWeather OP Ednerggy : Hi! Happy to help (or for someone to chime in.) But I’m confused. Did you also sell a put that was assigned? Or bought shares to be called away? This appears not to be a sell order, but a buy/write order which could be a problem due to BP requirements (though Idk.). Also, this contract is nearly a year from expiry, not soon? I’m not sure I understand, but hope to help figure it out!
(I’d not use a market order for contracts ever, and haven’t had trouble with fills on SPY, but maybe they are less liquid further out?)
Ednerggy : What I did exactly was buying a this long term call, then sold a short term to collect premiums. Now that I was assigned the stock during expiration day, I brought back 100 stock and closed the short call then then long call to execute a strategy call Diagonal Spread. Now that I've close closed the short term call, I am trying to close the long term to collect net profit. Hopefully it gets thru and I will update you
Thank you for your reply, you are deeply appreciated 
Ednerggy Ednerggy : Btw, this is the pending ordering I am wondering why is it not filled yet
Too Tall : Amazing results. Congratulations!
Paperscheme : great info
BelleWeather OP Ednerggy : Oh, I see! Thanks for explaining. Yes, I hope it goes through! (Though imagine holding the position and writing against it again could work in your favor as well.) I had trouble getting sell orders filled today as well - I also split the contracts into a vertical, a diagonal and stand-alone to overcome the difficulty. It’s odd, as both underlyings are actively traded and usually quite liquid.
View more comments...