And I like low volatility parity option plays. If Lowe's can shrug off wal-marts weak same store sale report, get a little insider trading going on ( I am pretty confident we will beat estimates and increase the dividend) I should be setting pretty next week. If wal-mart continues its BS, I am dead in the water.
I only buy calls/puts. Legged strats are too expensive and too risky for me.
My portfolio mid-term portfolio is much simpler
DIA
QQQQ
XLE
XLY
I use a tandem rebalance strat ever month on xle , xly. Since xle is an energy etf and xly is consumer discretionary, the work counter cyclical. At the end of the month I sell the winner and use it to buy the loser. If they both are losers, then I simply add equally to my positions. If they are both winners, I leave them alone.
I still think big tech will make another run at the end of the decade, I'm stocking up on QQQQ (Nasaq 100 = 100 largest tech companies pretty much)
DIA because everyone needs a little DOW in their Diet. Probably my most unexpected winner so far....
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If you compare mine and the portfolio above me you will notice that we are both decently successful but we have different strategies to get there.
He swings for the fences. I try to nickly and dime my way to the top. You can't directly compare our returns because we assume a different amount of risk. My options are more risky than his penny stocks, but I balance it out with the strong value plays as well.
The important thing is to expose yourself to all the available strategies and see what works best for your personality.
I only buy calls/puts. Legged strats are too expensive and too risky for me.
My portfolio mid-term portfolio is much simpler
DIA
QQQQ
XLE
XLY
I use a tandem rebalance strat ever month on xle , xly. Since xle is an energy etf and xly is consumer discretionary, the work counter cyclical. At the end of the month I sell the winner and use it to buy the loser. If they both are losers, then I simply add equally to my positions. If they are both winners, I leave them alone.
I still think big tech will make another run at the end of the decade, I'm stocking up on QQQQ (Nasaq 100 = 100 largest tech companies pretty much)
DIA because everyone needs a little DOW in their Diet. Probably my most unexpected winner so far....
------------------------------
If you compare mine and the portfolio above me you will notice that we are both decently successful but we have different strategies to get there.
He swings for the fences. I try to nickly and dime my way to the top. You can't directly compare our returns because we assume a different amount of risk. My options are more risky than his penny stocks, but I balance it out with the strong value plays as well.
The important thing is to expose yourself to all the available strategies and see what works best for your personality.
