Credit Spread Investing
Lost $65,000 Selling ONLY Credit Spreads in 3 Months, What Happened & What's Next?
Follow my PUBLIC M1 Portfolio: https://m1finance.8bxp97.net/Gjkgkk
► Get 2 Free Stocks on Webull (valued up to $2300 when you deposit $5): https://act.webull.com/ni/lif8z81oCOpb/99r/inviteUs/main
► Open up your new Public account & follow what I'm trading!
https://public.com/user-referral?referrer=creditspreadinvesting
If you follow me on IG, you know that the these last 3 months, have been real rough on the account, and this last week has probably one of the worst % drops since we started this experiment of only selling credit spreads. I also recently posted a video about losing 20k in 2 weeks... and well, it got even worse. Although our account is predominantly bullish positions with some bearish positions to maintain some delta reduction, a lot of the issues came about not following my own strategies. I want to show you all what can happen when you get in your head and start trading poorly, as well as a real time example of the downsides to credit spreads, and how sticking to your plan and making sure you understand the risk and reward of the trades are super important.
Every week I trade credit spreads to collect those juicy premiums in the road to $100K/$200K series and every week, I’ll walk you through some, if not most of my trades to show how to collect that passive income while minimizing your time spent trading, and most importantly your risk. The goal of this series to start showing you some basic concepts that you will need to know to start trading credit spreads and to also recap some of the mistakes that I make so that you won’t make the same mistakes.
Also follow us on IG: @creditspreadinvesting
00:00 - Some Overall Thoughts On The Account Performance
03:32 - Performance Breakdown YTD & 3 months vs Major Index
07:16 - Portfolio Breakdown By Ticker
11:49 - 3 Examples that Contributed to Losing $65,000
Disclaimer: Everything expressed in this video is my personal experience provided for entertainment value only. I am not a professional nor a financial advisor. These are not instructions, suggestions, nor directions as to how to handle your money. Please, always do your own due diligence and research.