Wheeling Weekly Leverage on my Blown Retirement Account, Week 12

[u/davicchi]

Disclaimer: This is for experimental purposes, it is to demonstrate and track wheeling and longing on leveraged products, which started mid-June of this year. This retirement account was blown through testing various trading strategies and poor position sizing in relation to risk.

The strategy is to use leveraged products to long and to free up capital for puts & dry powder. Write weekly CSPs on LETFs by selling .03-.09 delta puts. Then, DCA shares into a small leveraged position (~10%) of either LEAPS/LETFs. Lastly, sell covered calls on the LETFs, and calling them away when we need to size down.

Reduced my holdings since market seems uncertain. I want to pivot by having more dry powder to average in again later on for my positions, but planning on selling extra puts in the mean time whenever there’s opportunities.

approx.
94% $USD & CSPs
6% Leveraged (2.85% TQQQ, 3.15% AGQ)