[Dec 22 Trading Review] -312.89K Loss In Earnings (Trades, Profits & Losses For December 2022)

December 2022 was my worst-performing month in almost 2 years of options trading as I cut a massive 333.8k of losses off my LEAPS Portfolio.

I have shared the reasons in the below article on why I decided to close this portfolio despite having more than a year left on 50% of the options contracts:
I Closed All My Remaining LEAPS CALL Positions At A Total Loss of SGD415K (USD306K)

The recent stock market rally ended on 14th December (after the FOMC meeting) as a hawkish Fed signaled more tightening ahead, despite good CPI results released on 13th December, on the eve of the FOMC meeting.

I sold most of my LEAPS CALL positions on the 13th and 15th Dec and avoided a greater loss as the market continued to fall for the rest of December.

Though I may suffer huge losses off my LEAPS Portfolio (which has been generating zero returns for the whole of 2022), I was able to recoup some of the losses from the realized gains from selling Covered CALL and Vertical Spreads. Thus, my net loss for December 2022 was -312k instead of 333.8k loss that I cut for my LEAPS Portfolio in December.

Here are some trades that I make for December 2022.

Wheel Strategy, Buy CALL/ PUT

Vertical Spreads

Profit/ Loss Table

I will be reviewing my whole year of options trading in 2022 in an upcoming post, so do stay tuned for that update. You can subscribe to this blog to get notified whenever I made a new post. Thank you very much for reading through and for supporting my blog.

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

After accumulating more than 600k of unrealized losses on my portfolio, I wrote this article to encourage friends and investors who are also losing a lot of money to the market.
If You Are Feeling Depressed From Losing Lots Of Money In The Stock Market, Here’s An Article For You

In the 10 years of my investing journey, I have made many mistakes but also learned many lessons from these mistakes. I compiled the 10 most valuable lessons that I have learned and may they help you succeed in your investing journey.
Happy 10 Years Of Investing | 348k (Realised) Profit, 635k (Unrealized) Loss & 10 Lessons Learnt

I did these 10 side hustles while holding a full-time job, so I share them here so you can be inspired to grow your wealth through a side hustle that you enjoy.
I Did These 10 Side Hustles While Working Full Time | 10 Side Hustle Ideas To Help You Earn An Extra Income

Struggling with inflation and high cost of living? Try these 10 methods to help you save money and accumulate more savings for investments or rainy days.
10 Ways To Save Money To Help You Fight Inflation & Rising Costs Of Living

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)

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:

I realized a huge chunk of my unrealized losses and these are the 6 lessons that I learned after cutting half a million in losses in my 10 years of investing and options trading journey:
6 Lessons Learnt After Losing 551k In 10 Years Of Investing & Options Trading | What Newbies Should Know They Start Investing/ Trading

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