2024Q1 strategy worked well! I netted $10,942 from all my option buys. The big movers were NVDA, META, and NFLX! MSFT didn’t pan out like I expected but I’m happy to take a positive return even if it’s only $90. MSFT has stayed flat over the last few weeks so I’ll count it as a win!
Here are a few things I want to take forward to Q2 in a few months.
- Be confident in my picks. 3 of the 4 picks all had great earnings and I should have held on for a few days to improve my results.
- I’ll use the trailing stop more than just “panic sell” at the beginning of the day. Be ready to win less by being patient with the trailing stop.
- The Magnificent 7 are all mirroring each other.
- See where the initial companies move and then don’t be afraid to add that to the info of later earning releases.
In conclusion, I will probably stay out of the market until Q2 earning result but you never know with a stock like NVDA or NFLX. I could see myself trying to scalp a few dollars here and there with that stock. I am worried about flat movements over the next 3 months and recession but the magnificent stocks seem to defy the odds – Is there room to make a few dollars on those stocks over the next few months? Is it worth the stress?
“Myinvestmentstory” is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. More disclaimer information here.
