A quick look back.
Back in 2017, my trading account statement looked like this:
While these were some rather solid stocks to hold onto, I knew that there had to be a better way. At the time, I was thinking about ways I can increase my portfolio performance, and I started reading various books on options trading. I read Sheldon Natenberg's "Option Volatility and Pricing" and John C. Hull's "Options, Futures, and Other Derivatives." If you have not read either of these books, I recommend them highly, since they are considered the main references in the field. After toying with some strategies and research, I decided to implement some of my trading strategies. A year later, these are my results:
While the market in 2017 experienced a favorable rally, my portfolio experienced significant gains during this time. What is shown here is my IRA account. I've been trading it for fun because I don't have to worry about implications of long/short-term capital gains... and I don't have to worry about profit/loss for the time being, since this is a retirement account. I didn't start actively manage the accounts until April, when the account was still roughly 70k. Just a matter of clarification, my account received a deposit of roughly $22.4k in august from a employer contribution, resulting a total balance of roughly $105k on 8/31/2017. This means from that time to now, in a period of roughly 4 months, my account went up by roughly 40% (Now $141k).
I came to realize that leverage is you friend but I didn't want to leverage and lose more money than what I had. As a result, I started both deep-in-the-money, at-the-money, and some even out-of-the-money call options. Because my background is in Science and Engineering, I come to believe that the future belongs to technology and artificial intelligence. However, anyone who knows anything regarding artificial-intelligence knows that it is all about that kind of training data you have for your system. consequently, I have decided to investment into companies that I felt that was well positioned with both the technology and the DATA to make real progress with AI. This meant companies like Google, Apple, Netflix, Alibaba, etc were going to be on the list. I had some Amazon as well, but right now I don't hold them because I have some valuation concerns.
I also bought some Berkshire Hathaway options which were all out-of-money at the time (except the 125 Call). I had a sense that they were all underpriced and I bought many contracts. They are now doing very well.
My goal is to keep investing aggressively and try to double every 12 months. I hope to have close to 300k by this December.
 |
| Account Statement, January 2017 |
 |
| Account Holdings, January 2017 |
While these were some rather solid stocks to hold onto, I knew that there had to be a better way. At the time, I was thinking about ways I can increase my portfolio performance, and I started reading various books on options trading. I read Sheldon Natenberg's "Option Volatility and Pricing" and John C. Hull's "Options, Futures, and Other Derivatives." If you have not read either of these books, I recommend them highly, since they are considered the main references in the field. After toying with some strategies and research, I decided to implement some of my trading strategies. A year later, these are my results:
 |
| Account Holdings, January 8th, 2018 |
While the market in 2017 experienced a favorable rally, my portfolio experienced significant gains during this time. What is shown here is my IRA account. I've been trading it for fun because I don't have to worry about implications of long/short-term capital gains... and I don't have to worry about profit/loss for the time being, since this is a retirement account. I didn't start actively manage the accounts until April, when the account was still roughly 70k. Just a matter of clarification, my account received a deposit of roughly $22.4k in august from a employer contribution, resulting a total balance of roughly $105k on 8/31/2017. This means from that time to now, in a period of roughly 4 months, my account went up by roughly 40% (Now $141k).
I came to realize that leverage is you friend but I didn't want to leverage and lose more money than what I had. As a result, I started both deep-in-the-money, at-the-money, and some even out-of-the-money call options. Because my background is in Science and Engineering, I come to believe that the future belongs to technology and artificial intelligence. However, anyone who knows anything regarding artificial-intelligence knows that it is all about that kind of training data you have for your system. consequently, I have decided to investment into companies that I felt that was well positioned with both the technology and the DATA to make real progress with AI. This meant companies like Google, Apple, Netflix, Alibaba, etc were going to be on the list. I had some Amazon as well, but right now I don't hold them because I have some valuation concerns.
I also bought some Berkshire Hathaway options which were all out-of-money at the time (except the 125 Call). I had a sense that they were all underpriced and I bought many contracts. They are now doing very well.
My goal is to keep investing aggressively and try to double every 12 months. I hope to have close to 300k by this December.
Comments
Post a Comment