My options trading journey started on 26 Feb 2021 and I remembered that my options trade was to sell a PUT on Apple at a strike price of $126. In the fantastic bull run in 2021, I also used the LEAPS strategy to make massive gains. However, my LEAPS Portfolio crashed spectacularly in 2022 as … Continue reading Which Options Trading Strategy Works The Best For Me? (Review of Wheel, LEAPS & Vertical Spreads)
Tag: how to trade safely in options
How Does Bull CALL Spread Work? | CALL Debit Spread Explained For Newbies (Part 4 of 4)
This is the last part explanation of the 4 Vertical Spread options strategies where I will explain more in-depth about another vertical spread strategy for bullish play, which is the Bull CALL Spread Strategy. This is also known as CALL debit spread as the options buyer pays a premium (debit) in order to open up … Continue reading How Does Bull CALL Spread Work? | CALL Debit Spread Explained For Newbies (Part 4 of 4)
[24 March 23 Trade] Sold A CSP On Nvidia, SP $200, Expiration Date 19 Jan 24, Premium $1745 (8.75% Return)
It has been a while since I last sold a Cash Secured PUT (CSP). The main reason is because CSP is capital intensive since I need to set aside the capital to buy 100 shares of a particular if the contract gets exercised. I have been using the cheaper version of Vertical Spreads, e.g. Bull … Continue reading [24 March 23 Trade] Sold A CSP On Nvidia, SP $200, Expiration Date 19 Jan 24, Premium $1745 (8.75% Return)
My Disastrous Start To 2023
After going through the great reset at the end of 2022, where I cut over 400k of losses in option contracts, I had looked forward to rebuilding my portfolio in 2023. However, as it turns out, it has not been smooth this year. My total loss for 2023 at this time of writing is -$6.8k … Continue reading My Disastrous Start To 2023
I Joined A Day Trading Discord Group And Lost USD326 In A Week | What You Need To Know Before Joining One
Awhile ago, I joined a paid discord group after reading about stories of great returns posted in the group. The membership fee was about USD59.99 per month (and has now increased to a higher pricing of USD79.99). How It works? It is a discord group with a few very talented traders who share about their … Continue reading I Joined A Day Trading Discord Group And Lost USD326 In A Week | What You Need To Know Before Joining One
How You Can Possibly Not Lose Money In Options Trading? | How To Trade Options Safely For Passive Income
Options trading can be a good way to generate a sideline income with higher returns than bonds and fixed deposits but it comes with risks that can potentially wipe out your entire capital. As someone who has lost more than half a million mostly in options trading, I think I am a good reference for … Continue reading How You Can Possibly Not Lose Money In Options Trading? | How To Trade Options Safely For Passive Income
[2022 Options Trading Review] 415k Loss, 211k Gain
In 2021, I totally did not expect to make so much money from my first year of doing options trading. I earned a total of 222k in total by the end of 2021. I also started this blog sometime in 2021 to share all I have self-learnt and what was working for me, in hope … Continue reading [2022 Options Trading Review] 415k Loss, 211k Gain
[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 … Continue reading [Dec 22 Trading Review] -312.89K Loss In Earnings (Trades, Profits & Losses For December 2022)
I Closed All My Remaining LEAPS CALL Positions At A Total Loss of SGD415K (USD306K)
I finally did it! I closed all my LEAPS CALL positions over 2 days on 13th and 15th Dec 2022 at a total loss of SGD333.8K (USD245.6K). There were contracts that I could not close because there were no more buyers, such as those expiring on Jan 23, as the current value is already $0. … Continue reading I Closed All My Remaining LEAPS CALL Positions At A Total Loss of SGD415K (USD306K)
[Nov 22 Trading Review] 2.59K Increased Earnings (Trades, Profits & Losses For November 2022)
The stock market performed relatively well in the month of November and there were a number of rallies, especially after the release of the October CPI reading and a dovish speech from Fed Chairman Jerome Powell about not raising rates too aggressively until it crashes the economy. I was initially doing alright for the month … Continue reading [Nov 22 Trading Review] 2.59K Increased Earnings (Trades, Profits & Losses For November 2022)
Learning Investment With Jason Cai 