August “conservative” month!
In August, I focused on minimizing volatility by strategically cashing out all my positions and reallocating into a money market fund. This approach allowed me to maintain liquidity while earning a passive daily income of over $40. I selectively engaged in cash-secured put positions on $Duolingo (DUOL.US)$ , $Amazon (AMZN.US)$ $Microsoft (MSFT.US)$ when the implied volatility (IV) presented a favorable risk-to-reward ratio. This cautious stance enabled me to close August with a return of 1.2% (USD3,739) including the daily earnings from my money market fund.
Additionally, I continued to hold most of my funds in $CSOP USD Money Market Fund (18000597.FD)$ in anticipation of a potential bear market in $S&P 500 Index (.SPX.US)$ September. The only unavoidable risk I faced was the weakening of the USD and SGD.
Now, as I prepare for a long holiday in September to celebrate my birthday, I'm leaving the market with peace of mind 🇫🇮🇭🇰🇲🇾🇯🇵🇮🇩🇸🇬having positioned myself away from equity exposure during this potentially volatile period.
Additionally, I continued to hold most of my funds in $CSOP USD Money Market Fund (18000597.FD)$ in anticipation of a potential bear market in $S&P 500 Index (.SPX.US)$ September. The only unavoidable risk I faced was the weakening of the USD and SGD.
Now, as I prepare for a long holiday in September to celebrate my birthday, I'm leaving the market with peace of mind 🇫🇮🇭🇰🇲🇾🇯🇵🇮🇩🇸🇬having positioned myself away from equity exposure during this potentially volatile period.
Wish everyone Heng Ong Huat !![]()
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2024H1 Moomoo Alchemist
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Jrithe : Wow, that's awesome! Happy Birthday! You're a total investment genius!
Rollingling : Happy Birthday! Mind sharing some of your trading tips? I'd love to learn from you!
Stella-K : Hope you have an relaxing vacation! Happy Birthday!
LIMCHIKEEN : wow, so geng. can share bit
Warren Buffed : Dude, that's awesome.