October P/L Challenge: Trick or trade — your secret ingredient of trading discipline

Views 1.8M Contents 85

TheTradingDad joined discussion · Nov 3, 2024 22:13

Goodbye Oct and welcome Nov! 🙌🤩

This Oct has been good and managed to inch above S&P500 slightly. 😂🙌

Overall what can i learn from Oct?

1. Trade/Invest in businesses you understand and are fundamentally very strong companies. as overtime they tend to perform better.

2. Keep to simple trading strategies that is easy to manage and works for you! for me what works best in Oct - Cash sercure puts CSP, Credit Spreads and covered calls. (If there are interest, i will share more on each strategy that i have modified to my style and risk levels)

3. Do not over optimize your positions. Let the winners run and cut losses fast and stick to the trading plan.

4. Invest in yourself! - Happy that i manged to read 5 books on trading and keep learning! Thats the key to become a better trader and investor!

So now looking forward to the last 2 trading months and our holiday trips! Hope to share more good news as we end the year! All the best everyone!

Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more

Translate

Report

18K Views

Comment

DaffyDaDa : what US stocks do you trade in ?

Report
Reply

Cancel Reply
All Also Taken : I wish 2% of my capital was 15000 lol

Report
Reply

Cancel Reply
TheTradingDad OP DaffyDaDa : Quite a few, mostly the Mag 7 and $SPDR S&P 500 ETF (SPY.US)$ and $Invesco QQQ Trust (QQQ.US)$

Report
Reply

Cancel Reply

TheTradingDad

Touching Lives, Changing Destinies 🥰

Over 20 years in the financial industry and a self taught retail trader. Focusing on income and growth strategies! 📈

1288

Followers

Following

3082

Visitors