I'm not a good trader (and never been one) but used to work for a family office which was featured on "Big Short" movie aka brownfield capital. Up until now, I was trading high yield stocks in oil sector since Nov 2020 when it was at $40/barrel. Since Fed jacked up the rate which IB increased its margin rate, I have been liquidating leveraged positions. Now, I'm only focusing on what I know from brownfield - betting on LEAPs. I have TEVA call options expiring 2023 and 2024 which turned out to be good. And I'm doing research on companies like PRTY and GT - if they have a good catalyst in near future, I may buy LEAPs on them too. If not, I will look for another one...
Thank you for sharing. Oil sector in 11/2020 or PRTY and GT now would never been on my radar. Very interesting! So much to learn.
Just want to say your posts are an inspiration... and truly an example of that a bamboo tree could takes years to take root but then grow very fast in 3 months. Not many people stick to trading for this long and not many people stick out for this long with this amazin' performance. But I can appreciate the gruelin' journey. I have also had a harsh drawdown in 2020 but I'm thankful for it because it taught me a lot like risk management to never let a harsh drawdonw happen again and how to stay equanimous in the face of fear and uncertainty. It is just money! What's more important is the health and joie de vie or joie de trade! Just for kicks, my daily distributions of return post 2020 (not as good as yours during the same time period); thanks and keep postin' because I'm payin' attention and appreciate the grind!
Thanks and good luck with your trading journey. Your return/risk looks fantastic so keep me posted as well!
Thank you for postin' and amazing performance in this difficult year. +15.95% in a year when SPY and QQQ is down big... is what distinguishes true traders/investors from the herd!