Getting better at Q3 Thanks to options at Moomoo. 🤑🤑

Hi Mooers!

Eversince the 4 week of September. I was practicing a lot on options. Especially becoming a seller of options.

So what made me changed for the better? Thougout the loss period, Instead of crying over what had I done wrong, I had decided to tell myself if I have options I would definately lose lesser and gain more.

So what I had done throughout the whole of August is to practice practice and practice with paper trade. Not in moomoo but literal pen and paper trade. I decided to create a theory.

Quick updates for that bonus!

Ok here are my do's ✅ and don'ts ❎ when adjusting your portfolio!

1. Think objectively why you invest in the first place!

2. Study the fundamentals and technicals.

3. Papertrade to boost your knowledge before executing. Back testing

4. Work out what you made and loss and learn from both.

5. Invest in what you can afford!

1. Panic when you are at a loss!

2. Over leverage on what you can afford. Leverage is like sugar, a little bit is fine but don't over do it or else you get sick

3. Top up on emergency funds! They are for emergency!

4. Revenge trade. The more it drop the more it buys the dip, but it keeps on dipping!

5. Overfocus on one stocks. Unless you really certain that stock will outperform. It is better to invest in the index funds.

What if I do a reverse straddle instead of a straddle. How to make my money printer 💵 🖨 go brrrrrr.......?

Enter MARA money printing! 💵 🖨

But wait! I have spare cash. So I decided to place a cash secured put. What i can afford to buy I will place a cash secured put there. As the market gets voilatile, I decided to wait below 15.5 and enter a 15 strike put. That way if the price drops further I could buy more. If it goes up I collect extra premium.

While everyone was fearing about Tesla dropping for being an EV company, I decided to buy at a killer 76% of my portfolio in stages and decided to diamond hands strategy since I know is a good company after reading my own thesis.

Further details here

So what I ended up with? Sweet potato profits! 🤑🍠

Here are some of the graphs to show.

And here is some cash secured puts!

My key takeaway 🗝

1. The best investment is to invest in yourself. In this case I am learning to be a put seller.

2. Know what you are holding as an investor. Read up the fundamentals of the company. In this case Tesla I treat them as a tech company instead of an automotive.

Alright folks I hope you have a wonderful Q3. Good luck! 🍀

May your trades be ever in your favour!

here is a bonus! Of what I invest!