TSLA
Tesla
-- 421.060 NVDA
NVIDIA
-- 134.700 PLTR
Palantir
-- 80.550 AMD
Advanced Micro Devices
-- 119.210 QUBT
Quantum Computing
-- 17.620 
Quite a different SEP this year. P/L SEP
Seasonally SEP has be quite a bearish month for the markets but this year seems to be the opposite. Last 3 trading days left for SEP and let's see how it will end.
Have been busy working on my invetsments and trading strategies and haven't been posting much. ![]()
Here's a quick post for SEP 2024.
After Jul and Aug huge draw down. I took the time to review and rebalance my investing and trading portfolio and learn from my mistakes. So what had really worked for me so far in SEP after the adjusting.
1. I reduced the risk exposure for my trading acc and make sure i do not over leverage. This resulted in better risk management and better risk to reward trades (Excess liquid of 50% or more)
2. Back to more basic options stratergies like "CSPs" = Cash Secured Puts and "CC" = Covered Calls. With my own veriations and entry/exit rules and keep things simple and effective!
3. Stick to good fundementally strong stocks for invetsing for the long haul and buy them at a good margin of safety. Buffet way.
4. Focus on capital preservation and not just profit maximization. Very simple but hard to do for active traders and more aggressive investors. But golden rule is to not lose your capital.
5. Focus on the next trade and investment and not the past mistakes or wins. Stay humble and keep learning.
6. Read one trading boook in SEP. :)
7. Took 2 weeks of travelling and it helped to clear my mind and helped me to refocus better!
Excited and looking forward for Q4 to finish the year strong! ![]()
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TheTradingDad
2024H1 Moomoo Alchemist
Over 20 years in the financial industry and a self taught retail trader. Focusing on income and growth strategies! 📈
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TheOracleOfBroMaha : Good stuff brother. Have you experienced greater/less risk &/or profits from Cov Calls or Cash Sec Puts? Feels like Puts would pay better in this market BUT takes bit more cash (potential)… I’ve yet to try either so I’m curious your experience!! Thank you in advance!
Also, recently bought long options (Calls) of the 10 MidCaps who one year ago were down 60%. Researched all & picked 4 with strongest fundamentals and greatest risk reward. I backtested with list from year before. Backtesting shows great results but on paper most people would say I’m throwing money away (I think!) buying will be complete this weekend. Maybe I just wanted someone to share that with & know I didn’t give up much info but annnnny comments would be appreciated! Happy trading!!!
TheTradingDad OP : Hey man. For options selling my experience for the past 2 years using we have more premium selling puts due to put skew as protection against drawdown usually cost more. But really depends on the market conditions so no one theory fits all at any given time. Have to test it out and every day it’s quite different.
For buying LEAPs call options. Personally for me I do not do that too much unless the stock is very under value and the market conditions is right. Directional trades for me are harder to profit due to the Theta decay is working against you and being directionally right over time is 50/50 so is tougher.
I also do not do much back testing as the results usually mix when trading live once emotion and other factors sets in. Good for just testing the idea and how to execute the strategy but to base on the result of back test and trade live, the P/L could be very different.
Hope these helps! All the best for Q4 bro