🥶👍 Jul the Best and Worst Month

Wow! what can i say about Jul 2024! The only down month for the year “hopefully” but yet was the Best month for me!

Worse month because - Up to 10 July we were hitting all time highs and 11 July we saw the turn and it was fast and it was furious! 📉😔 Lost all my profits gain in June and more! Did some hedging using options (Buy puts or Bear put spreads) on $SPY.US$ $QQQ.US$ and short the $ESmain.US$ futures to reduce the loses but still not enough! 😂

Best month because - It was a wake up call for me personally that we are not invincible! we are human and we do fall once a while! Whats more important its how we get back up and live to fight another day! Just like how Danzel Washington puts it - Fall front! we keep moving forward no matter the set backs. 🙏🏻💪🏻☔️

Take aways that changed my investing and trading strategy for the rest of the year.

1. No matter how good we are as a trader or investor, we do fall from time to time. Take lots of notes when that happen and let those draw down fuel our passion even more! So the bext time it happens you are better equipped to handle it.

2. Just when you think you are invincible, take heed and stay humble and grounded. time to take profits and stay out for awhile.

3. Not every day is going to be sundays! So learn to enjoy the ups and downs of each trading session. Put in the efforts to develop a stress free trading style of your own that suits your lifestyle

4. Don’t mistaken more actions in the marker = more $$ 😂 Stock market is a different animal all together! Less is more!

Last but not least as i am reflecting and writing this post its 6/8/24 and we just have one of the worse draw down in a day in 5/8. after 3 weeks, i am starting to look for some bargains and looking to end the year even better! 🙏🏻💪🏻📈

All the best to all and stay clam and keep investing!