The stock market rallied on 18 July before retreating after Apple announced that it is planning to slow down hiring and spending growth in some divisions, which sparked the fears of recession.
I see the rally as a bullish sign as investors feel confident ahead of the earnings release by some of the biggest companies in the world. Thus, I bought more LEAPS CALL to capitalize on the rally, and hopefully, this can help me reach the breakeven point faster.
The trade details are as follows:
My LEAPS CALL portfolio looks like this now:
After this round of buying, my LEAPS CALL portfolio total invested capital has grown to 472k, up from 453k just a few months ago. I will probably slow down on the buying as I have almost used up the money that I have generated from selling covered CALL on my existing stocks.
I do not intend to use any money/ savings from my salary as I am building up my emergency funds. I also have other use for the monthly savings from my salary (after deducting all the expenses).
Buying LEAPS CALL in a bear market is a very high-risk move and I hope you understand the risk that you are taking before using this strategy.
I have shared the risks in this article:
The Risks Of LEAPS Options Trading & How I Mitigate Them
*** FREE RESOURCES ***
Keen to learn about options trading but do not wish to pay for expensive courses, this newbie guide will help gain the knowledge and fundamentals to understand options better. And it’s totally free!
The Newbie’s Guide To Options Trading
The LEAPS Strategy has helped me make more than USD120,000 in 2021. Here’s all you need to know about this strategy that can help you increase your wealth exponentially:
The Ultimate LEAPS Options Thread
Looking for ideas on what stocks to invest in or which stocks to trade? You can take reference from what I have been buying or selling. I try to update them as soon as I can in this section, as well as share my thoughts on executing these trades:
MY TRADES
If the bear market in 2022 is making feel depressed as your stocks come tumbling down, read this article to find out how you can use options trading to help you claw back some of your losses as you await market recovery:
How I Do Earn Even When The Stock Market Is Bearish?
Also, check out my trading strategies in different market conditions, whether it is bullish, bearish or volatile:
How Not To Lose Money In Trading? | My Trading Strategies For Bullish, Bearish And Volatile Market
I watched tons of videos on YouTube since 2020 and if you are wondering if there are any useful channels that you can subscribe to for learning market trends, TA, FA, check out this compilation here:
My Secret Weapons For Options Trading: I Watch These YouTube Financial Channels Every Day
I concluded my first year of options trading with more than USD160k of gain, see how I do it and the capital I use for every month to give you a sensing of the percentage yield I get out of my gains:
1st Year Options Trading Recap: The Journey Towards SGD$217,509 Profits In 2021
This blog is as authentic and as transparent as I can share, I do not just show the wins and hide the loss. I have made some very bad decisions in the first 8 years of investing and paid a huge price for them. Here is the loss I have accumulated during these years. I hope you learn some lessons from my mistakes.
I Cut $135,715 Worth Of Losses In The Last 1.5 Months
Want to learn more about Technical Analysis (TA) but find it difficult to grasp the concepts? This article brings you TA at a glance, and helps you understand key terminologies, indicators, and techniques used in TA to equip you with the knowledge that can empower you in your investing/ trading journey.
The Newbie Guide To Technical Analysis (TA)
Excited to start your trading journey or perhaps try out with a paper trading account to build your confidence in trading? Check out this step-by-step to help you get started:
How To Buy Options on Interactive Brokers (Step-By-Step)
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Learning Investment With Jason Cai 