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2024 half-year recap: Tell us your trading story
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CasualInvestor joined discussion · Jun 26 05:54

2024 Good or can be Better?

Reflection:
Took more risks this year as I got more comfortable with trading options. As you can see the LEAP positions I’ve established with selling PUTS options for $Apple (AAPL.US)$ & $Tesla (TSLA.US)$ are gaining decent profits.
In addition, the premium earned from selling the PUTS I’ve placed them into Cash Funds to gain deposit interest over time. So considering my position in Feb, and my plans to let them expire or sell them EOY, While I hold on to this option position, I’ll be able to gain both on Options and Cash Funds if the strategy pan. Seems like a great idea right?
Read warning below…
I think you can appreciate the idea of earning on both premium and cash deposits but for those new to options, don’t start without understanding options risks!!!
Beware as Selling PUTS/CALLS have higher risks, unlimited loss due to the nature. Stay to buying side of Calls and Puts for a start as the losses are what premium you put up initially.
If your risk adverse and want to ensure your capital is safe. Stick to safer, low risk cash plus funds or stocks / ETFs. As long as its not earning peanuts in the bank sitting there not doing anything for you.
2024 Good or can be Better?

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2024 Good or can be Better?

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2024 Good or can be Better?

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I like to learn from my actual trades and positions thus I tried a little 🤏 difference using a different strike price 150 and 190 to compare the returns over the same expiry. Note the entry dates are different and I did make additional trades in between. Although premium received for selling the 190 PUT is much higher so I have more premium into my cash funds.
FORECAST:
I believe for H2 the Fed will be cutting rates at least once worst case EOY. Staying positive on Tesla (Especially with 8/8 AutoTaxi news, inject some chicken blood) and Apple trajectory with AI and M4 into their devices.
Late to the game but recently took a position on $NVIDIA (NVDA.US)$ as I saw an opportunity. Took profits from my Tesla stocks and bought NVIDIA as I anticipate some changes with the AGM meeting coming up. So Far gain 7% from June 24 position. not bad for 2days.
2024 Good or can be Better?

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2024 H1 Review:
Since embarking on my Causal Investor Journey, I’ve been through different stages of learning as I trade, especially with my Balanced risk tolerance.
The term Balance to me is really not here or there as I want to take risks but not too much. Thats to say I want to earn more but not lose too much capital. Who wouldn’t want to earn the most with the least risk?
What do you think of my current asset allocation?
2024 Good or can be Better?
Jan to June looking at my return-money weighted at 33% seems decent I guess. Especially when compared to the market as a whole.
33% seems ok. above the market
33% seems ok. above the market
Seems like mostly Green for H1
Seems like mostly Green for H1
8% Return for June
8% Return for June
So far I love to share my Casual Investing journey with you all. And loving the energy everyone has in the community. Do let me know if I have helped you in your journey as well. Hopefully inspire you to do more and earn more while its within your risk tolerance.
I also want to take the opportunity to thank @Invest With Cici for all the easy trading knowledge and tips imparted to me over my 2years journey, Topics like Stop loss and profit taking, Reading TAs and Charts. And I’ve learnt plenty with the posts and conversations from @Milk The Cow @SpyderCall @ZnWC @doctorpot1 @Cow Moo-ney.
Lastly to @Mooers Lab for inviting me to share my journey on Mooers' Stories | My journey into options trading @CasualInvestor. It was a fun experience.
Do share your thoughts with me. Let me know how its been going for your 2024 as well.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
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CasualInvestor
2024H1 Moomoo Alchemist
Investing casually and learning as I go. My journey to double my 💰at the min. While sharing journey w kindred souls.
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