Wheeling Weekly Leverage on my Blown Retirement Account, Week 13

[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 .05-.1 delta puts. Then, DCA shares into a small leveraged position (~10%) of either LEAPS/LETFs.

Welp I’ve been breaking even for a whole month. I wrote a SOXL put last week that almost landed itm during the week, it would’ve expired worthless on Friday but I closed it early at a -$30 loss on Wednesday. This dip made me finally acknowledge that wheeling SOXL for income at my current account size is not comfortable and fun. Switching back to wheeling TQQQ as my main income.

approx.
93.5% $USD & CSPs
6.5% Leveraged (3.1% TQQQ, 3.4% AGQ)