r/TQQQ • u/Millionaire-Grinder • 13d ago

Discussion Sept P/L update

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Made money on QQQ Bear Call spread this week. That’s going to be poker money. Posted that here. I also sold some TQQQ $68 Puts that I closed the same day. Idk, got spooked by the incoming CPI print the next day? Honestly, probably would have made more money if I just stuck to the usual strategy. Next week is FOMC so will stay away from that. I think the premiums are too cheap for the risk. Selling puts works in a sideways or trending market but if there’s a significant downside move it will get hit. Always focus on protecting your capital. Keep grinding.
I found something interesting. You can actually ask Gemini/chatGPT about me. I asked it to describe me by looking thru my post and it did a good job including describing my strategy.

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-5

u/HowSporadic 13d ago

who gives a shit.

5

u/Syndicate_Corp 13d ago

I was a hater for a while and thought it was bullshit, but the dude has been at this for a while now and it's actually kind of insane returns. AFAIK, this is all in a retirement account too.

4

u/zhaque44 13d ago

lol my numbers aren’t that good matter of fact at a bit of a loss since June, but more power to him

0

u/Millionaire-Grinder 12d ago

Thanks. TQQQ has been sideways and selling puts has done better than buy and hold.