[Investing Behavior] "WORKAROUND PRICE DIPS"

I must admit that despite having some gains from investing at the beginning, I do have my fair share of losses as well (current floating loss between 8-9K).

So what can i do to REDUCE these losses & eventually still REMAIN PROFITABLE with the current dipping trend?

After getting into options (starting with Buy Call), I have now recently been focusing on SELLING PUT OPTIONS.

So far, I have sold PLTR, TSLA & AAPL put options. They are all a great success.. so this is definitely my strategy for the rest of the downtrend period.

As long as u think the share price won't go lower than the strike price which u are selecting for your PUT (to sell) option, u get to collect the premium (profit) FIRST & just let the option expire later on.

Yes, it's that easy! (However, note that u will need to monitor your overall account margin closely).

Besides that, it would be wise to take the chance to average-down those stocks that are red, especially those with big floating losses - as u do not want them to pull down your overall portfolio.. 

(*Btw the strategy of selling PUT, also helps when u have that particular stock in need of averaging-down. In case the share price happens to reach around your strike price.. just exercise it to buy over the stocks at your strike price!)

For normal average-down, I just want to share an example using $JPX Global, Inc.(JPEX)$. So far, losses of more than 3k.

So now, I'm starting to do my average-down by buying at a lower price (as low as I can get).

(*This is an OTC stock, hence there are no Options trade available with it. Hence, can only buy & sell as normal shares)

Today, it has bounced so it's a good start! Super glad to hitch that ride [Grin] 

Here I wish all Tiger brothers & sisters good luck & keep trying. Want to hear your own strategy & success story to share with the rest [Bless] 

@CaptainTiger