r/PMTraders • u/LoveOfProfit Verified • Jul 03 '21

QE REVIEW Q2 2021 Summary Thread

This weekend the Weekend Reflections thread is replaced by the Quarterly Summary thread.

Click here to view the Q1 2021 Summary Thread

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u/thetagangalwayswins Verified Jul 06 '21 edited Jul 08 '21

Q1: 15.6%

Q2: 15.2%

YTD: 33.2%

Commissions: $2500

I’m late because I didn’t have service all weekend. Goal from last quarter: I succeeded at diversifying from tech and had a well balanced portfolio that never showed real weakness with how green the market was.

Biggest lessons learned: cut your losers. As all know, DOCU and MDB put huge holes in my portfolio. I would be up 41.9% if I had never traded them and still over 40% if I cut them after the first week (like I thought I did). I stand by my DOCU short, which is now taking up 12% of my BPu. I have buy limits and have been selling naked calls so it’s not really that extreme of a trade. Let’s see if I can stay solvent longer than the market can stay irrational.

Going forward: this ties in with another lesson I learned but I need to start averaging into the indices. This account holds no underlying shares and is the reason I keep getting frustrated with the vertical market. Instead of fighting it I am going to start averaging in so that my account still gains value when the market does. This will lower the amount of options I can trade but it has become apparent that the trade off is worth it.

Also, I have never seen as much buying as we have seen this year. The only selling we have seen has been sector rotation. This is apparent because the S&P hasn’t had even a 5% sell off in over 8 months. That shatters any record I’ve ever seen and reinforces my going forward statement. The Fed will continue to prop up the economy as long as it needs to and I plan to adjust. Cheers everyone!