anyone elses portfolio super down?

[SOL]

a far safer option would be to purchase puts on QQQ's or QQQM, etc, and maybe some puts on stocks like NVDA, TSLA, and possibly several semiconductor stocks when the time is right. Leveraged ETF's already have leverage and adding further leverage to them via options while potentially it could be rewarding it could also turn on you rather fast. The market will not move downwards in one wave when its time to pullback

[Eric]

...I looked to buy some puts on the TQQQ. I could not believe the premiums at that time...
...thought I would check out the SQQQ. Lo and behold the calls were very reasonable...
...my point is we should be considering these short ETFs also.

Just thoughts

Thanks for the tip! I never considered going short on an inverse ETF as a way of going long.... After reading this I bought an April $33 put on SQQQ for a very reasonable price (just one--just for a second--just to see how it feels....) It's up nearly 90% in total when I looked this morning. Small dollars on this trade but a new tool in my belt for sure! Any tool that can help you make money faster or easier is a tool with having!

[SOL]

...I looked to buy some puts on the TQQQ. I could not believe the premiums at that time...
...thought I would check out the SQQQ. Lo and behold the calls were very reasonable...
...my point is we should be considering these short ETFs also.

Just thoughts

Thanks for the tip! I never considered going short on an inverse ETF as a way of going long.... After reading this I bought an April $33 put on SQQQ for a very reasonable price (just one--just for a second--just to see how it feels....) It's up nearly 90% in total when I looked this morning. Small dollars on this trade but a new tool in my belt for sure! Any tool that can help you make money faster or easier is a tool with having!

It is a leveraged Fund so if you are willing to take that risk, then buying calls on TQQQ which everyone thought would crash a few weeks ago, would have been dirt cheap and are probably north of 200% at this point. However, 90% is nothing to scoff at. Congrats on the trade

Something else to consider. If one sells a covered call and wants some skin in the game if it becomes in the money. One can use some of the premium when the covered call is sold to buy a further out of the money call.

When one sells a put hoping to get into the stock, One can also use some of the premia to purchase a far out of the money call, which in this case would technically be free. You would get paid less for putting the limit order in as that is what one is doing when one sells a put, but the difference is that you would still get in cheaper than a person who put a limit order to buy the stock at 50. If the shares were not put into your account you would have exposure to the upside. When one takes the time to understand options and one is comfortable with the volatility that comes with dabbling with them, there are a few low-risk strategies that one can put into play to earn extra bucks

[Triplethought]

Our portfolios are sailing on a sea of red now. I checked this morning and 65% of the TI plays in my portfolio are showing unrealized losses. It sure feels less comfortable than seeing lots of green!

And that's why I wanted to express my gratitude for the investing successes I've had, and especially remind myself of the phenomenal batting average achieved the past few years by following TI's recommendations! (And also write a colorful post for once )

Here's the Win / Loss ratio, by portfolio, since I joined TI in 2019, up to 2021:


This only includes the positions fully closed, not the ones still open.

Of all the TI trades I closed, 86% have been winners! And winners have been constantly bigger than losers. Cheers to that Thank you, Sol and the whole team at TI, for the guidance and the good work!

The average return was +26.1%. Half of the positions were closed for a gain greater than 22.3%.

And that's just me, I'm sure there are other subs who got even better results.

I hope it shows to those that joined recently that patience and discipline will pay off over the long term.

Thank you indeed for taking the time to post your calculations. Excellent job

At most, we are 50% responsible for your success. It takes two to tango, three to have a party and one to cry lol

This forum is a blast

Thanks from me too Sol. I know I can be negative sometimes and hard on you but I definitely appreciate the work. If I were retired I would still be tracking the equivalent % annual return but found it was a lot of work with the number of trades we do. 2020 was a good year. I've been bummed this last year but improved my discipline and as of today my portfolio is almost back to the high it hit Jan/Feb of 21. So call it not much return for the last year and I still have older plays that are significant unrealized losses that I wish I could trim. But several of my big losses were my own damned fault in buying outside the recommendations. I've learned a lot of things not to do this last year. I still tend to buy per your recommendations and often get in a bit lower. But I tend to sell a little too early (I don't trust the plays will really ever get to your exit points and tell myself you never go broke taking a profit). My biggest hope is to be able to trim plays so we have cash before a big MOBO.,

[SOL]

Thanks from me too Sol. I know I can be negative sometimes and hard on you but I definitely appreciate the work. If I were retired I would still be tracking the equivalent % annual return but found it was a lot of work with the number of trades we do. 2020 was a good year. I've been bummed this last year but improved my discipline and as of today my portfolio is almost back to the high it hit Jan/Feb of 21. So call it not much return for the last year and I still have older plays that are significant unrealized losses that I wish I could trim. But several of my big losses were my own damned fault in buying outside the recommendations. I've learned a lot of things not to do this last year. I still tend to buy per your recommendations and often get in a bit lower. But I tend to sell a little too early (I don't trust the plays will really ever get to your exit points and tell myself you never go broke taking a profit). My biggest hope is to be able to trim plays so we have cash before a big MOBO.,

It's all good TT, without friction they can be no new discoveries or new lines of thought, at least that's the way I see it. Challenges when taken in stride provide one with the opportunity to look at the same situation from a different angle. Sometimes it takes a push from another to be able to spot the new angle.

[Eric]

It is a leveraged Fund so if you are willing to take that risk, then buying calls on TQQQ which everyone thought would crash a few weeks ago, would have been dirt cheap and are probably north of 200% at this point. However, 90% is nothing to scoff at. Congrats on the trade

I already had a bunch of TQQQ shares that I purchased before it was an official MU play and added to after it hit MU entry points. Buying a put on SQQQ was a different way to achieve the same end as buying a call on TQQQ, though I think chippermon was on to something with the lower option premium thought. It was $135 online lesson in going long by shorting the shorts... It closed today up 114% for me in the week that I've owned it. It could still blow up on me and end up worth zero and it would be a bargain for the lesson I learned/tool I acquired.

[Budge]

It is a leveraged Fund so if you are willing to take that risk, then buying calls on TQQQ which everyone thought would crash a few weeks ago, would have been dirt cheap and are probably north of 200% at this point. However, 90% is nothing to scoff at. Congrats on the trade

I already had a bunch of TQQQ shares that I purchased before it was an official MU play and added to after it hit MU entry points. Buying a put on SQQQ was a different way to achieve the same end as buying a call on TQQQ, though I think chippermon was on to something with the lower option premium thought. It was $135 online lesson in going long by shorting the shorts... It closed today up 114% for me in the week that I've owned it. It could still blow up on me and end up worth zero and it would be a bargain for the lesson I learned/tool I acquired.

FWIW Leveraged ETFs don't always give the droids/return you're looking for. For example: TQQQ and SQQQ, same issuer +3x vs -3x and you'd expect approx positive vs negative for a given time.

YTD return:
TQQQ = -31.55%
SQQQ = 16.67%

If I felt like it, I could dig in reasons but can't be that bothered.

[SOL]

It is a leveraged Fund so if you are willing to take that risk, then buying calls on TQQQ which everyone thought would crash a few weeks ago, would have been dirt cheap and are probably north of 200% at this point. However, 90% is nothing to scoff at. Congrats on the trade

I already had a bunch of TQQQ shares that I purchased before it was an official MU play and added to after it hit MU entry points. Buying a put on SQQQ was a different way to achieve the same end as buying a call on TQQQ, though I think chippermon was on to something with the lower option premium thought. It was $135 online lesson in going long by shorting the shorts... It closed today up 114% for me in the week that I've owned it. It could still blow up on me and end up worth zero and it would be a bargain for the lesson I learned/tool I acquired.

FWIW Leveraged ETFs don't always give the droids/return you're looking for. For example: TQQQ and SQQQ, same issuer +3x vs -3x and you'd expect approx positive vs negative for a given time.

YTD return:
TQQQ = -31.55%
SQQQ = 16.67%

If I felt like it, I could dig in reasons but can't be that bothered.

These instruments are not long term plays. The term hit and run come to mind. YOu get in when its cheap and you bail out when you log in gains. Holding them for long periods is simply stupid

[Budge]

I already had a bunch of TQQQ shares that I purchased before it was an official MU play and added to after it hit MU entry points. Buying a put on SQQQ was a different way to achieve the same end as buying a call on TQQQ, though I think chippermon was on to something with the lower option premium thought. It was $135 online lesson in going long by shorting the shorts... It closed today up 114% for me in the week that I've owned it. It could still blow up on me and end up worth zero and it would be a bargain for the lesson I learned/tool I acquired.

FWIW Leveraged ETFs don't always give the droids/return you're looking for. For example: TQQQ and SQQQ, same issuer +3x vs -3x and you'd expect approx positive vs negative for a given time.

YTD return:
TQQQ = -31.55%
SQQQ = 16.67%

If I felt like it, I could dig in reasons but can't be that bothered.

These instruments are not long term plays. The term hit and run come to mind. YOu get in when its cheap and you bail out when you log in gains. Holding them for long periods is simply stupid

Especially as they were designed as day trading vehicles.

[harryg]

Agreed. 3x the daily return is not 3x the monthly return (simple maths) unless every single day is the same direction.

Additionally, they have higher costs.

[SOL]

Agreed. 3x the daily return is not 3x the monthly return (simple maths) unless every single day is the same direction.

Additionally, they have higher costs.

https://www.youtube.com/watch?v=3IiICcS ... howNetwork

[Centeron631]

a far safer option would be to purchase puts on QQQ's or QQQM, etc, and maybe some puts on stocks like NVDA, TSLA, and possibly several semiconductor stocks when the time is right. Leveraged ETF's already have leverage and adding further leverage to them via options while potentially it could be rewarding it could also turn on you rather fast. The market will not move downwards in one wave when its time to pullback

I am wondering about this statement i made in the Ldos/Hi Tech risks a few days ago in quotations now below. I do remember sending a message somewhere around that time near end of November 2021 when i was getting kind of euphoric myself (a good sentiment indicator perhaps? 1st big runnup with TI for me joined summer 2020) with all the great profit sales sell prices hitting, asking if it was time to buy puts but did not get much encouragement but maybe a similar answer to the underlined above in Sol's statement
"we saw how the Markets can change on a dime as happened in early December 2021 when bullish sentiment fell 12 points so quickly that at least to me appeared that TI could not keep up with". Was talking about there may be a critical point in time that essential info such as sentiment (MP) can change immensely fast and hence the markets.

is my statement in quotations accurate and if so what can we take from this? thks

[SOL]

a far safer option would be to purchase puts on QQQ's or QQQM, etc, and maybe some puts on stocks like NVDA, TSLA, and possibly several semiconductor stocks when the time is right. Leveraged ETF's already have leverage and adding further leverage to them via options while potentially it could be rewarding it could also turn on you rather fast. The market will not move downwards in one wave when its time to pullback

I am wondering about this statement i made in the Ldos/Hi Tech risks a few days ago in quotations now below. I do remember sending a message somewhere around that time near end of November 2021 when i was getting kind of euphoric myself (a good sentiment indicator perhaps? 1st big runnup with TI for me joined summer 2020) with all the great profit sales sell prices hitting, asking if it was time to buy puts but did not get much encouragement but maybe a similar answer to the underlined above in Sol's statement
"we saw how the Markets can change on a dime as happened in early December 2021 when bullish sentiment fell 12 points so quickly that at least to me appeared that TI could not keep up with". Was talking about there may be a critical point in time that essential info such as sentiment (MP) can change immensely fast and hence the markets.

is my statement in quotations accurate and if so what can we take from this? thks

If you need encouragement to get into puts, then you should avoid them. Options are not for everyone and the moment I feel i need encouragement to do anything I avoid doing it. You need to know why you are taking a given course of action, what is your backup plan and how will you deal with it if things don't work out. Encouragement will only give you a false sense of hope