The only thing beating inflation in my world is real estate, but I sold it all last year. Nothing left but stocks. Better make 4x my money next year! *edit- post your performance, even if it makes you look bad. We're here to support each other, but only the humble!
Kudos to you. While you are not beating the SP, you are net positive. So celebrate it. Ignore the poopy shit about "why do you have drawdown?" He forgets that we are mere mortals that go through that, because we are not option Gods. He is so forgetful! Celebrate the wins, don't sweat the losses, and you will do well. But remember, everything in moderation.
spy is not the index to beat, the easiest way is to long spxl, 3x the spy by default, doing nothing. the world has changed with these leveraged etf. you need m7 basket stocks to supercharge and outperform otherwise. after you fully realize this, put everything in 3x funds, spxl tqqq, udow. leave some extras to trade futures for fun, small gambling habits are good for the brain exercise. and some small selections of up and coming names if you are lucky. but now it is not the best time, market is fully priced, i’d sit on all cash and wait for a recession first.
Long SPXL and short an upside synthetic straddle makes sense as you can target neutrality (for an exit) and you'll earn on volcorr, vol-drag and time.
too complicated, happy with my tqqq acquired at the bear market mark in the summer 2022 round $16-23, sell covered calls to pick up some extras. have a stop loss at 2x nearly 50, will see, was a closed call few months back. but i would do the same in the next bear market mark.
Great post. I always enjoyed reading your posts because you know what you are doing. There are two groups of successful traders, the macro betters and the micro technicians. You are in the first group and @poopy in the second. The only issue with leverage ETF, they all started right around 2010ish, just at the start of this raging bull run. They have not been tested during prolong bear market yet. But it does not take a genius to see that in such a market they will get clobbered, just like TQQQ's cousin, SQQQ, in the last decade. Look at what happened to TQQQ in 2022, not even a crash but it got clobbered. I have done very well since 2010 investing/trading. My strategy can be boiled down to one word: leverage. No skills needed just a strong conviction and an iron stomach. My stomach is feeling a lot of heartburn right now. That is why I am taking a lot of money off the table, getting into day trading. Because I think day trading is bear market proof? Take care.