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6
Journey to recover my losses
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After my account peak on March 2021, getting out long RKT with a short squeeze. So happy and followed up doing selling put earning premium, easy trade. Everything seems to be on top of the world and felt into the market trap ready to take all the money back

Serious mistake next 6 months cut losses too late. Ended in big dent Dec 2021 I thought leap options were safe with plenty of time. The market proved my thought process is so wrong. I took losses on leaps and rolled to the following April It was a double dip, market hit you with 1st loss and then the rolled April leaps also a big loss. It was a black hole. 2021 ended in despair

Held off trading for a year without a system, watched the market and tried SPX 0dte Nov 2022, after watching some massive gains from fellow traders. Earned 6 weeks consistently trading SPX 0dte and felt complacency. That was an easy game

The market beast ready to strike back again, came back strongly and took the money with two massive losses.

I ended in a death circle with no hope two consecutive years Once again, i tried SPY options with some success, then the beast hit again with the Feb 2023 banking crisis. That was my SPY final loss. My last stupid mistake in Feb 2023.

Sold my long term holding in May to pocket the profit, provide some capital and it was my only chance to come back

Don't want to reveal my losses until fully recovered

Balance has been slowly climbing upward trajectory doing day trade since May of 2023, cumulative about 64% gain

Between March till July 2024, add up 39% gains

Daily scalp n swing trades Largest gain was TSLT, 2x leveraged TSLA in July

I missed plenty of opportunities, but my skills have improved, recognize how i can do better and weed out my mistakes

Need 4.25x to breakeven as of 8/8/2024 If i know what im doing since YTD, i would able to hit the home run with the easy uptrend. Now, the market is getting harder. Wish me luck or try to help me out.

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80%
Account Age
4 years
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Profile updated: 4 days ago
Posts updated: 2 months ago

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Posted
3 months ago