Straw Hat Trades

27 | Full-Time Sales Guy & Long Term Investor | Part-Time Swing Trader & Options Seller | $50K Challenge

[Straw Hat Trades @StrawHatTrade]

$50k Challenge: February 16

Since markets are closed, I can give an updated allocations and YTD for this portfolio

I’ve concentrated my portfolio into my 5 biggest convictions due to the recent volatility

$CIFR 45%
$IREN 22%
$OPEN 13%
$BMNR 10%
$NBIS 10%

[Straw Hat Trades @StrawHatTrade]

What up everyone. It's been a minute! Starting at my new job while balancing my health/fitness has taken up a lot of my time to be able to post consistently.

I plan to slowly come back on as I can no longer really post during work hours while being in the office.

Happy to be back LFG!

[Straw Hat Trades @StrawHatTrade]

A covered call doesn't protect you from a big drop.

It just lowers your cost basis slightly while capping your upside.

[Straw Hat Trades @StrawHatTrade]

Be honest.

Do you actually rebalance your portfolio, or do you just tell yourself you will?

[Straw Hat Trades @StrawHatTrade]

The S&P 500 has never had a negative 20-year return. Ever.

Most people know that and still panic sell during corrections.

Time in the market isn't just a saying. It's the only edge most retail investors actually have.

[Straw Hat Trades @StrawHatTrade]

If you had to pick ONE strategy and only trade that for the next 5 years:

- Selling covered calls/cash secured puts
- Buying LEAPs
- Swing trading momentum stocks
- Index fund DCA

Which one and why?

[Straw Hat Trades @StrawHatTrade]

Your 401k match is a 50-100% instant return on your money.

There is no trade, no stock, no option that guarantees that.

Max the match before you do anything else. Everything else comes second.

[Straw Hat Trades @StrawHatTrade]

What's the one money move you made in your 20s that you wish you could undo?

[Straw Hat Trades @StrawHatTrade]

Do you actually have a written exit plan before you enter a trade?Or do you figure it out after you're in?

[Straw Hat Trades @StrawHatTrade]

Stop treating your brokerage account like a savings account.

Cash sitting idle isn't "staying safe." It's losing to inflation every single day. Keep it invested.

[Straw Hat Trades @StrawHatTrade]

$50k Challenge: March 23

Nice bounce today for the portfolio.

I sold some more calls at open during the spike and they’re doing well so far!

CCs sold on $CIFR $IREN $OPEN

[Straw Hat Trades @StrawHatTrade]

@PhillyPhillyBTC We all gonna get the bag soon enough

[Straw Hat Trades @StrawHatTrade]

You either think about money too much or not enough.

There's no in-between. Which one are you?

[Straw Hat Trades @StrawHatTrade]

@Jodie_Noraa Make our money work for us!

[Straw Hat Trades @StrawHatTrade]

What's a financial opinion you hold that most people in your circle would disagree with?

I'll start, I barely keep anything in my HYSA. I just put my money all into stocks and let it grow from there.

[Straw Hat Trades @StrawHatTrade]

@KennyZufall Having something always helps for sure. That's why i have just a smaller chunk still too

[Straw Hat Trades @StrawHatTrade]

@ms_roundhill That's a good alternative

[Straw Hat Trades @StrawHatTrade]

@ConfidentTrades Nice just all in the traditional brokerage?

[Straw Hat Trades @StrawHatTrade]

@Dividend_Learn It's why we're on X at the end of the day. So i'd say good

[Straw Hat Trades @StrawHatTrade]

@planesandpnls Too much is the only way!

[Straw Hat Trades @StrawHatTrade]

@realemmanuelo That's a good balance approach right there

[Straw Hat Trades @StrawHatTrade]

@earn_learnROE Smart right there!

[Straw Hat Trades @StrawHatTrade]

@JamieFinance25 That's so true. That desire eventually bring it into reality