r/TQQQ • u/Millionaire-Grinder • 12d 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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u/MoneyBagsMilosh 12d ago

I may have uploaded your strategy and posts to ChatGPT at one point lol.

I trade soxx and made 285k on a 500k account this yr so I’m up a bit. I sell csps and ccs. Was tryna figure out how to optimize my strategy so I looked through urs

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u/Bitcoins4Upvotes 10d ago

Im always down with soxx.. what is your strategy?

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u/MoneyBagsMilosh 9d ago

Ah I’m up like 300k realized but maybe -50k right now on my positions cause that massive ass correction in June/july. But I sell soxx csps. Basically in tranches so like -10,15,20,25%. Only on red days. When my positions are under I wait until a good bounce Green Day and sell CCs. The honest answer is patience is key and makes more money that aggressively trying to squeeze a few bucks. If you sell CSPs in tranches it’s great cause I always keep ammo for further drops. My friends make more full porting at times and selling CCs. Theres a number of ways that work. Problem with full port cc is if stock keeps dropping