To The Moon

Have I been able to sleep well during trades?

During the initial year of trading, there have been many distractions. From MEME stocks to crypto, they have been very exiciting days at the start.

$GameStop(GME)$ and $AMC Entertainment(AMC)$   has always been the highlight of the MEME stock. During those days, cash has been fast in and fast out. You could easily make thousands of dollars within few minutes. Once you snooze, you lose as well. I have been through both sides of the coin: green and red.

Here comes PANIC PANIC PANIC!

Here are the phases of the MEME stocks

1. The euphoria phase: You will earn lots of money in the beginning, thinking the cash will always roll in.

2. The FOMO phase: Once you sell, the stock get higher and higher.

3. The peak: Once you buy back in, the stock does not get higher. You have bought at the top.

4. Panic phase: The stock starts to crash or enter a halt preventing you to sell in time.

5. Anger and depressed phase: You will start to baghold the stock and think about “why so greedy?”

The greener side

Physically drained as you will keep monitoring the price till close. Now I have decided to shift out and change strategy. I have started TQQQ as it comprises of the magificent 7. This is much more realistic and lucrative and able to sleep well.$Nasdaq100 Bull 3X ETF(TQQQ)$  

Beside earning well from stocks, there is also options where i will be able to earn some pocket money.

Covered call:

It is a strategy that offer some form of protection if the stocks price drop.$TQQQ 20240119 52.0 CALL$  

Cash Secured Puts

It is a strategy that involves writing a put option on a stock and simultaneously putting aside the capital to buy the stock if you are assigned.$TQQQ 20240920 49.0 PUT$