2024 has been a fruitful year as I made more than S91k (USD67.9k) from investing and options trading. The below is a summary table of the total profits for 2023 and 2024, which are also my 11th and 12th year of investing respectively.
Total Profits (Options Trading)
In terms of options trading, I made S$60.5k (USD44.8) for the whole of 2024.
Some of my biggest winners are Palantir, MicroStrategy, Nvidia and Tesla.
Taking USD10.47K Profits (40.26% Returns In 4 Months) In Nvidia BULL CALL Spread Positions
[9 Dec 24] +USD4.6k Profits, Sold Palantir CALL Options
[12 Nov 24] +3.35k Profits, Closing MicroStrategy CALL Options & BPS Positions
You can view all my profitable trades for 2024 on my Patreon page
Click here to access my Profitable Trade Collection
Total Profits (Investing)
My investing portfolio consists of my stock trades, dividend received from stocks as well as the interest earned from my bonds. This portfolio yields about S$31,274 (USD23.16k), of which the biggest gain came from selling 100 shares of Meta to get a USD12k gain.
[19 March 24] +USD12,000 Profits, Sold 100 Shares of Meta to realise gains
Milestones & Memorable Moments
There are some memorable moments and milestones in 2024 and one of them is fixing my broken (naked) SELL CALL on Nvidia. I had sold 200 shares of my Nvidia shares at around USD400+ (pre-split price) in the previous year (despite being locked in a 3 SELL CALL contracts) because I need the capital and I anticipated that Nvidia would fall after earnings.
I had wanted to close those SELL CALL contracts when Nvidia crashed or kept rolling them to a later date if Nvidia stayed the same. However, I did not expect to face liquidity issue when Nvidia’s share price started to skyrocket and my unrealised loss amounted to more than USD141k (and counting by the day).
I managed to fix the trade using this strategy and was no longer selling naked CALL.
Nvidia Timebomb Defused! | How I Fix My Broken Naked Nvidia CALL Options Trades | How To Repair Naked CALL Option
Another shock that I received in 2024 getting Margins Call by my brokerage when a seemingly harmless BULL PUT spread gone terribly wrong. I thought I was a genius by constructing a potential 99x trade but it was deep OTM that it got assigned (the SELL PUT leg) on the same day that I placed my trade.
Read more here: I Was Margin Called & Got Liquidated For Owing My Brokerage USD1.44M | What To Do When You Get Margin Call | How To Prevent Liquidation
On 5 Aug 24, a flash crashed occurred and I nearly got liquidated out of positions as there was a huge selloff in the stock market. I had to do massive selling during pre-market as I was down (-$16k) on liquidity, which would translate to automatic liquidation when the market opened later that day. I had to sell 1000 Palantir shares at USD21 and 210 Tesla shares at around USD188, and these shares would have multiplied so much in value if I had held them till today.
Read more here: 5 Aug 24, A Black Monday For Me (USD38k Realised Loss) | Risk Of Trading On Margins
On a happier note, I managed to break even on my options trading loss after cutting more than $400k of losses 2 years ago when the bear market of 2022 wiped out my entire LEAPS CALL portfolio.
Read more here: A Milestone Achieved! (Breakeven On Options Trading Loss) | Recap Of My 4-Year Options Trading Journey
Capital Allocation
Comparing my 2023 capital allocation vs 2024, I did not inject any extra capital to my total portfolio. In fact, I have made several withdrawals in 2024 to pay for other commitments. These are mainly the profits that I made through trading and investing.
The biggest risk of my portfolio currently comes from my SELL PUT contracts which are on margins and it has ballooned to $500k (from $156k in 2023) as I tried to fix my broken Covered CALL contracts on Nvidia. Should a market crash happens in 2025, I will most probably be forced to liquidate my positions as my excess liquidity drops to negative value.
Plans for 2025
I hope to cut down on trading for 2025 so I can allocate more time for other pursuit in life. In a typical day, I am busy with work and family commitment till at night when the US market opens and I would spend a few more hours analysing the market, excecuting my trades and rebalancing my portfolio, which means I basically do not have much time to do anything else.
As shown from my 2024 capital allocation, I am shifting the funds around from the spare cash pool and Saving bonds to build a portfolio of stocks that are not tied to options trading. This portfolio will be for my long-term investment and also emergency pool, which I can activate if I should need money urgently or for other commitments in life, such as the purchase of a new flat.
Concluding Thoughts
I hope 2024 has been a rewarding year for all of you, not just in the financial space but also in personal development, relationships with your loved ones and your health. Please remember that in spite of the great wealth we can generate from the stock market, there are many more things that are meaningful in life. Wealth can bring us enjoyment, only when we have the things that money can’t buy.
I would also like to thank everyone for your support and I hope my sharing has helped you in some ways. I am not a financial advisor or guru but I still hope to add value to your financial journey whenever I can, even if it means sharing all my embarrassing mistakes. I wish you all the best for your investing and trading journey in 2025.
*** SEE MY TRADES & PORTFOLIO ON PATREON ***
If you are interested to find out more about my options trades and investment portfolio, I will be updating them on Patreon (on the same day I made the trades), so do follow me there if you need some reference or inspiration.
*** FINANCE BOOKS ***
If you are new to investing, options trading or personal finance and would like to get yourself educated about the fundamentals, you may want to consider these very popular and highly recommended books: One Up On Wall Street, The Psychology of Money, Rich Dad Poor Dad,
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*** FREE BEGINNER GUIDE TO OPTIONS TRADING ***
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
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If earning more money from your investment does not excite you anymore, you may be seeking a purpose that brings fulfillment and meaning in life. I have written a motivational book that may be useful to you in some ways. You can also download a free copy here:
https://learninginvestmentwithjasoncai.com/finding-the-magical-realm-of-happiness-motivational-book
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