"I Lost $551,174 From Stocks And Options Trading..." | A Cautionary Tale On Options Trading

[@joshconsultancy]

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[@fabianlee9611]

Basic rule of investing, high return high risk. Low returns low risk. If someone tells you that some investment can pay you a return of 100% in a few months, then the downside is, you can lose 100% in a few months. Simple logic.

[@simcn73]

Everyone is a genius in a bull market

[@angelakoh324]

This is a great sharing, important message is also not to invest in something that we hv no knowledge, complex investment approach.

[@joshconsultancy]

Thank you for the high praise

[@kennytan5055]

2022 is never an easy year for most investors. We encourage one another and look forward to a better 2023!

[@gomugomu4489]

Wow. So touching. Thanks josh and Jason. What a cautionary tale. He was off a few months but the portfolio destruction is so outsized. 😢😢

[@joshconsultancy]

Yes the destruction can come faster than expected once there is a leverage factor

[@tdnow4416]

Right now, cash is king! Maintain healthy amount of cash.. Just my one cents worth…

[@klivejie8620]

i been through the same boat as you on Palantir and now i am down 80% currently ! guess is humbling experience for us.

[@joshconsultancy]

Do watch to 7m45 to see full details k

[@themoroccanhustler4212]

Stay strong brother remember that what doesn't kill u only makes u stronger 💪

[@joshconsultancy]

Watch to 7m45 to see full details k

[@klchiang2020]

The whole story is not about stock or option. It is about the ignorance to treat investment as gambling. This kind of investing style will land him into failure, no matter what asset class that he invest into.

[@benjii16]

Life is harsh especially at times like this, that doesn't mean you should add more salt to the wound. People make mistakes, as long as it does not involve harming any loved ones, it should be deemed as forgivable. The fact he can admit what he did wrong and share it with the community already means a million that money can't buy.

[@joshconsultancy]

His investing style needs changes, I think he would agree to some extend also And yes ivan, forgiveness is the first step to heeling

[@klchiang2020]

There is no forgiveness or act to add salt issue here. It is just a highlight on investing is not gambling. No offence! Peace!

[@raunholt1234]

Going etf/dividend is the way to go longterm but thats boring😄 but its works.

[@ocswoodlands]

The main lesson from this person's big loss is simply the lack of RISK MANAGEMENT. While we fantasise about outsized gains do we also imagine the nightmare of wipeouts? But, I do admire and appreciate that person's honesty in sharing. He could have someone from making the same mistake. And helping someone is worth a lot.

[@joshconsultancy]

Love this - "helping someone is worth a lot" =)

[@CalvinK300]

I like the honesty in sharing. I dislike those so-called gurus who only share-boast their profitable activities. Investment is by definition not guaranteed so profit and loss are to be expected. The main lesson I draw is to be level-headed when winning, don’t get carried away thinking you are Warren Buffet AND don’t get too down when your investment turns sour. We gain something either way - at least a lesson.

[@krissamy8385]

Thanks josh for putting up this video.. I use to trade options some time ..but I know it’s not for everyone especially if you don’t know how to cover your lost.. I hope this video will help those who wants jump into options .. please think twice ..cheers

[@peterchen1934]

I lost 35% by one single trade in Tesla and cut loss on 20 De, and have not recovered psychologically. I would very much like to trace losses eveery day, but really am not mentally well enough. Thinking to o fixed deposits going forward.

[@joshconsultancy]

Hmmm... thats loss aversion. You may be better served staying the course

[@peterchen1934]

@@joshconsultancy it is mental health issue now, how i wish i have not entered into stock market before

[@carsonchan5102]

my sister works at a hedge fund. she said her company spent tens of millions to move office 2 blocks closer to the stock exchange, so they can better intercept people's signals. they can intercept a buy/ask signal, beat your signal to the stock exchange, buy up all the shares below your price, and sell it to you for a profit. institutional investment banks have an incredible advantage over retail investors. they get information even while its still a rumor; not released on to the public yet. They have teams of people all around the world watching every single bit of information. They miss nothing. they have teams specializing on particular industries with the help of industry experts

[@reginalim7409]

Thanks Josh for sharing on danger of Sell Option Put & Leap in a long term down market.

[@Mrkindbacon1]

Thanks for sharing 👍🏻👍🏻 same here, massive paper losses. Taking a step back and not chasing my losses. This video serves as a good reminder to myself 🙏

[@joshconsultancy]

Hope it was a useful sharing =)

[@KelvinKing]

I too started 2022 also with the same trading strategy as Jason (long and strong), but thanks to a number of very decent KZbin trading channels I quickly realized I was on the wrong side of the trade and started making use of rallies to short aggressively and unload longs. I count myself fortunate... I'm starting 2023 still heavy short, and until market proves otherwise, will remain short... Contrary to what others will want to make you believe, Investing = Trading = Gambling.... Risk management is all you have to help you survive in this game long term...

[@joshconsultancy]

Hmm, Id urge to reconsider Investing = Trading = Gambling. But yes investing and trading both require risk management and looking at risk differently

[@liyangsun7460]

retail traders should not touch options at all.. the embedded cost/charges are much higher vs vanilla stocks.

[@balakrishnanmuralibabu5066]

I no longer trade individual stocks for trading. I trade only ETFs paying decent dividends, because it eliminates the fear to average down and gives some safety buffer. Lastly, take out some profits reqularly.

[@joshconsultancy]

Riding baggers are important in investing. Taking profits regularly may result in over trading

[@3kingdom-i6e]

options is not the root problem. betting on the wrong horse is the actual problem. most who bet on tsla either loading up on the shares or its call options has their portfolio decimated. Its just everyone else is paper loss while jason is realised loss. its the same whether you play with stocks or options. need to manage greed and fear.

[@joshconsultancy]

Options are not the root problem agree. But options magnify the root problem which is greed/over-confidence. On a side note, margin investing/trading also magnifies the problem

[@father88888]

getting my cash ready to go into stock n shares anytime these 1-3 yrs....

[@faithzzzzzzz]

I want to say something positive yet im not certain what is the best to say. Ok. Just one word...RESPECT.

[@joshconsultancy]

Do watch till end k

[@jironghuang4895]

Know your options Greeks before trading options

[@jackywong4806]

Hi Josh, thank you for sharing. Never dubbed fast get rich scheme. Slow and steady win the race

[@joshconsultancy]

Yes absolutely, slow and steady

[@father88888]

ya, as i have said too before here....u can get rich fast with stock n shares but u can get poor fast too.....its double edged sword, it cuts both way....

[@sv4527]

Thank you for saving others from your experience .

[@joshconsultancy]

Jason's experience, watch to 7m45 and youd understand k

[@pier-oliviermarquis3006]

That's the truth that 99.99% of retail options traders face. The amount might vary, but buying long options is an almost inevitably catastrophic strategy if not implemented in a strictly quantitative manner.

[@agneslim654]

Thanks Josh. Learn from you.❤

[@joshconsultancy]

Hope you’ve watched till 7m45 👌🏻 I’d advocate to avoid options

[@NYC1]

I like your honesty 👍👍

[@joshconsultancy]

Stay at least to 7m52 k, you’d understand

[@whis5448]

Options trading or stock trading is same as gambling. That's why invest for the long term and don't gamble. The stock market will humble you in one way or another.

[@joshconsultancy]

Yes agree invest for long term

[@landlord5552]

Are you count in also 10 years inflation???

[@jlexploretheworld1164]

Funny the youtube advertisement is Option Master Class

[@BO-xx6th]

the markets are ever random and illogical, and we are too imperfect so we should just stay away from it

[@magnetsg]

Tx for sharing

[@SethCrescent]

3 mins into the video, I knew this cannot be Josh Tan hahah. Nice sharing though, thanks.

[@joshconsultancy]

You're sharp 👍

[@kevingarnett2000]

What is his total capital invested?

[@taychikeng]

I lost big on Alibaba too. What advice would you give me Josh :( Side note, not doing too badly in 2022 though :)

[@joshconsultancy]

Eh humble brag ah chi keng lol =P

[@taychikeng]

@@joshconsultancy Every dog had its day was the bigger point I was trying to make...

[@limmike5339]

Thanks for the advice

[@joshconsultancy]

No probs. Hope you viewed till the end for the key rounding points

[@potion4765]

Take care, it’s a tough envt now. I tried some options in 2021, need to be more careful than actual shares

[@joshconsultancy]

Watch to 7m45 to see full details k

[@milo178]

Don't catch a falling knife

[@edwardlumsianming3430]

I may be wrong. Fast high returns are very risky as the market is just so uncertain. Profit or loss is not in our control but by forces unseen to the investor

[@REALPLSHOWN]

I would not learn from an instructor that does not share their portfolio P&L on a consistent basis.

[@magnetsg]

Options should be used for hedging. Anything else is risky.

[@pth8888]

Option trading works both ways, u can gain big as well as lost big too. If one has not tamed its inner greed beast, it is easy to lost big time in option. I hope John is able to get out of the situation and rebuild his portfolio.

[@joshconsultancy]

Jason

[@wtan1851]

Thanks for sharing. Option trading is like buying a lottery ticket. The most you lose, as buyer, is the value of the ticket (say $1) for a chance to win the prize (say $1m). But if you are on the opposite side (seller) offering the prize, you may stand to lose about $1m when there are only a few buyers and one of them has the winning ticket. Hence, buyers of options are down-side protected but not sellers. In the end, it's the fool's greed that makes the con man's day. Option trading has benefits to manage business and investment risks, but it is not for fools.

[@andytan489]

Yeah, never abuse a risk managing tool. Selling options will always trump the buying side, simply look at insurance companies.

[@zhizian]

Great learning story....... God bless John. Wishing 2023 a better year!!!!

[@joshconsultancy]

Thank you for the high praise, Jason shared generously first and pieced the timeline out to give a better picture

[@laivincent561]

for 8 months l join 2 usa patron blogger on option trading l studied all the free courses on the blog and also study all the comments Then I realised the odds of option trading are more likely to be against me than anything else So I didn't buy any put or call options though the blogger would give a list to invest in Another area to watch out for is bonds especially China bonds With so much uncertainty it is difficult to maintain mental strength in adhering to a defensive strategy All the best everyone l follow this channel religiausly u have to do u homework by understanding the logic behind the fundamental

[@joshconsultancy]

Thanks vincent and thanks for the sharing too

[@lumvincent7431]

Next yr , neither soft or hard landing on USA economy . Tech firms already cut manpower ,lor. Goldman sach cutting next mth .So implication on STI at 2900, 2600,2300 ? Make your guess .Hope can hit 2200 just like covid lockdown 2 yrs ago .My wife n i already standby CPF $ & cash .

[@joshconsultancy]

DEPLOY for 2023!! =)

[@xikefocus]

Buying leap calls only when the stock hits bottom and just buy a little. I can’t believe some body has whole portfolio of leap calls in trending down market. Buying options is highly speculative. I hope you can carry your loss into future gain for tax purpose.

[@joshconsultancy]

The reasons quite simple: Jason bought it BEFORE the bear market is confirmed. Before that everything is a correction and a buying opportunity.

[@kundic4647]

my condolences to you,.. did you learn/get the idea to trade Options from chicken genius SG? what do you think about him now? thanks for replying.

[@joshconsultancy]

Watch to 7m45 to see full details Be respectful, even if you agree or disagree w CGS

[@ryanliew3372]

Once your puts are Deep In the Money, hedge quickly by selling weekly calls to neutralise the delta as much as possible.

[@joshconsultancy]

Would that be over-trading?

[@ryanliew3372]

@@joshconsultancy not really. It’s protecting your capital.

[@johniamranond6508]

How do you sell call at what delta?

[@ryanliew3372]

@@johniamranond6508 depends on fast the market drop and what are your views. Sell ITM calls if u think market will drop further sharply.If u think market will drop but not so much, sell ATM call.

[@markong01]

hi, i had similar trading journey 23years ago. at that time, Options just started coming into Singapore like a trend. i started off trading stock, then options, then forex, all learning experiences, at that young age, i've lost my bucket of funds. then i realised my trading patterns irregardless of the tools (options/stocks/Fx) is my main cause of the losses. Yes you're right on chasing losses hoping for a trend change to recouperate losses is one of the key losing factors, also the main mindset if alway using a single directional strategy to invest.

[@lumvincent7431]

Option trading is risky bet for frequent trader . So many traders betting on Long or short option . Beyond one 's control .I just buy quality counters when price not high. Wait to sell at higher price n collect attractive dividend at the same time .

[@joshconsultancy]

Yes. I agree with your simpler approach Vincent. Year end already, STI indeed has beaten NASDAQ and by a wide margin =) Unbelievable correct hoho

[@importkauf]

Dear Josh. Very sorry for what happend. I have made similar experience in 2022..but you used much,more money !!!! Thats wrong.!

[@joshconsultancy]

Watch till 7m45 to see a twist

[@joee2743]

Would have been disappointed if this story was yours ... Had it been yours it would imply a significant lost in your investment portfolio. Wishing you better returns in 2023. The China & HK plays should be making a heading up.

[@joshconsultancy]

Ive added a " " into title for the eagle eyed observer Thank you for the well wishes and cya around =)

[@frankauerbach]

I dare not touch options, my China stocks are down just under 20k, but I can hold and wait for the stocks to recover

[@joshconsultancy]

agree =)

[@Koekie5616]

Can I know where to read Jason's article??

[@joshconsultancy]

Search Jason Cai financial blog. Ive also attached link in summary of this video k

[@88_JJW_88]

u r not the only one...i lost S$300k in HK shares such as Alibaba, Tencent and Pingan last year 😭😭☹

[@joshconsultancy]

Story narrated on Jason behalf. Refer to 7m45 k

[@lowboonhong7383]

Thanks so much for sharing your honestly investment lost. Many Stocks and Gurus trying to sell their investment course to peoples. Highlighting that you can make passive income. I hope more peoples are aware Option Trading are very risky. May they learn from You. God Bless You.

[@joshconsultancy]

Do watch to 7m45 The narration is third party 👌🏻 I’d advocate to avoid options and simplify approach

[@gabrielng05]

Best to stick to a conservative stand

[@smling11]

Very timing. The online broker I am with is pushing hard on option trading now. To me, there are 3 big bubbles that can shake the world. China property, it is being deflated now. Japan government debt market. Last, the biggest and waiting to burst is the US stock market. US stock market does not work on fundamental. Price does not swing so wildly if it is working on fundamental or real value. It all speculation and gambling, therefore the options that resting on US stocks are just bigger speculation and gambling. My balls are not so big, so I stick to SGX blue chips.

[@joshconsultancy]

I get your point of view. On the other hand many swear by US markets after being rewarded in the last 2years

[@RayneMa]

I am actually going to learn options trading.... is there a better way to do it?

[@joshconsultancy]

Im on the camp of learning proper investing valuations Anyone else can chime in?

[@melonmusk6087]

for leaps u should exit within the first 30% life cycle of the options contract. holding till expiry is too risky

[@joshconsultancy]

Id still advocate avoid options trading. Refer to 7m45 k

[@taybk1900]

Hi josh, thanks for informing general investor or trader pls do not think options is so easy. Anw if your leaps is just straight forward buy call long dated. It is not a very good way as the time decay can burn all the extrinsic value even if the stock price never go down. Try call spread, calendar or diagonal spread. Try to be direction but theta positive or slight negative. Better luck moving forward. Cheers

[@joshconsultancy]

Jason would probably understand the terms better than me ^

[@taybk1900]

@@joshconsultancy just noticed its Jason. Paisei

[@limchbg1217]

When someone said he hopefully need a turn around market to breakeven, u know he is just gambling his money, just like u buyingba toto ticket to recoupe his losses over the years....keep the money in cpf or bank now....sure win, no losses.....

[@joshconsultancy]

I actually agree

[@maureenkam9212]

So true. May I know the $551,174 all in USD or SGD?

[@joshconsultancy]

His total is in SGD. But the key message is on chasing losses and overconfidence

[@maureenkam9212]

@@joshconsultancy I too lost big in Options Trading. I did some soul searching. It was due to my lack of my technical analysis knowledge, lack of discipline in risk management and overtrading.

[@powersellerseller4646]

appreciate from your sharing 👃

[@joshconsultancy]

Hope you've seen the full story at 7m45 and hope it was useful. Invest prudently and cya around

[@markong01]

Huge Note1: Directional Trading is similar to those "Big", "Small" bets in Casino, thou it has large returns, it also gets you sucked into a mindset of wanting to recoup by adding on capital to the next directional bet, be careful on directional trading. Note2: Do not leverage more than 10% of your capital coz a wrong direction will denotes a higher loss.

[@joshconsultancy]

Great sharing Mark!

[@brianyoung8226]

I am down $2.3M on stocks, no options trading, no puts just buying stocks that went down. Took the advise of my financial advisor not to sell. Started investing in stocks Nov 2020, still new at buying stocks

[@joshconsultancy]

2.3m in percentage loss will be how much in this situation?

[@brianyoung8226]

@@joshconsultancy 2.3m is 58% of my stock holding.

[@options888]

Based on my experience, I realized LEAPS is only done best during a Bull market, just like after the Covid crash in 2020. During a bear market like this when it’s too volatile, I feel it’s best to trade short term like selling options (put or call credit spreads) or even butterfly spreads with high returns w less risk when done right. A long only portfolio like LEAPS will hurt your portfolio so bad in a recession. When buying options, best is done during a strong Bull market, or if wanna trade in bear market best to trade short term breakouts to catch explosive moves when stock breaks pass support or resistance. Otherwise for most times I think selling options is good for income. For put selling during a high inflationary environment I feel best to stick with defensive consumer discretionary stocks like JNJ, KO, PEP, less volatile. But for buying options what I prefer doing is LEAPS on volatile tech companies to capture big moves either on the upside or downside, usually breakouts

[@joshconsultancy]

It was also hard to judge when the bull had ended a year ago. This time round, the biggest challenge will be determining when the bear ends... Hence would still suggest, minimise/forsake stock direction prediction. Invest safely =)

[@options888]

@@joshconsultancy I bought leaps since September 2021, I held it until around May, and I found that this is just the start of a bear market with bigger possibility to go down even lower as inflation is rising and fed is going on a hawkish stance to further increase rates, so I felt it’s gonna be very bearish in 2022 leading on to 2023 especially when the yield curve inverted, hence I just exited coz I was also thinking to wait for market to recover, but technical analysis doesn’t seem favorable. I think what I’ve learnt this year to improve trading options is to look at macro analysis, understand what’s happening in the world and how economic data affects the market and make your investment decision based on that, and also mastering technical analysis helps a lot to know when to get in and out of the trade especially for trading short term. But otherwise I think for a long term investment point of view, best to hedge by buying puts or temporarily hold cash

[@maureenkam9212]

I beg to differ. I was a complete newbie and started selling cash secured put in 2022 after completing a course which was expensive. My mentor failed to recognise 2022 is a bear market and encouraged us to sell CSP. I suffered great losses with the market crash.

[@options888]

@@maureenkam9212 as i said, trading options should also include some macro analysis and some technical analysis, during a high interest and inflationary environment, its not wise to sell puts on tech stocks for example that are volatile in nature due to their weak balance sheets, sell options on stocks like JNJ, KO, that are more recession proof because of their strong balance sheets, alternatively given this bear market, should also maybe sell calls more than selling, puts, and i think its also good to take into consideration of technical analysis too, for example selling puts on support or demand zones. I learnt the hard way, i also learnt to just sell puts on stocks that i like fundamentally and thought it was such an easy cash flow machine, but i realized there were more than that, still have to consider like macro and technical mainly if trading short term options.

[@konggg]

Options is a way to earn good passive income if you know what you are doing. Keep it simple, do not engage in those complicated fancy sounding strategies. Do options on stable and sound companies and diversify your portfolio. Keep a mixture of tech/defensive/speculative/ETF stocks in your portfolio. Do not get emotional and follow the rules.

[@joshconsultancy]

Hmmm but the options he bought were on stable and sound companies... The passive income earned from selling options has risk entailed into it. By virtue of time, it is not the same as a buy and hold dividend income portfolio

[@konggg]

@@joshconsultancy I noted that his portfolio consists mainly of high growth tech stocks. Could have considered “boring” stocks like Kroger , Coca Cola , P&G etc. Sell Put options from companies which shares which you are happy to own should the option gets assigned. Once you own the shares (thru assignment)sell call options. Repeat this cycle (wheel technique) and generate an income stream from the premiums received. With the income generated, you can also buy put or call options or buy up the stocks you targeted. Options is a powerful tool and is also a double edged sword. Get trained on how to trade options. Learn how to use the tool safely and effectively.

[@roubini74]

playing options is 1 thing. failure to analysis the market is another. i think i had post in your channel a deterioting 2022 market. 2023 will be worse than 2022. very simple. inflationary and hiking interest rate is almost guarantee a recession. Feds QT simply means less liquidity in the market( opposite of QE) which means stock market drop. even if you can guess a bear market, many cannot execute a trade. why? because the stock market which will big swing which simply means to wipe out the small retails investors confidence. stay away from stocks in 2023. it not for retail investors. good luck!

[@joshconsultancy]

Im advocating to start investing in 2023 amidst the bear

[@sebastianl6809]

Why never put stock Loss? Poor risk management

[@joshconsultancy]

Maybe... Id still advocate avoid options trading. Refer to 7m45 k

[@namichan6830]

Nice sharing

[@mattseto1054]

JL, This is such an impt video and sharing. Options as a short cut to creating passive income or cash flow is a dangerous plan. Please listen to the valuable sharing and stop gambling your dollars away. Turtle method is best. Let math compound your money and grow more patient. The rewards will come.

[@joshconsultancy]

Yes indeed. We must remind all, especially younger audiences who are seeing their first bear market, of the slow and steady approach

[@bloggeraldwin]

Leap call will die one when it drops plus decay

[@joshconsultancy]

Agree, decay is a concern and complexity added. Stock ownership has no time pressure

[@srinivasapattigilli6020]

Cash secured puts and covered calls are the safest way to use options, leaps is a very risky bet

[@joshconsultancy]

Would advocate to avoid options. Watch to 7m45 to see full details k

[@srinivasapattigilli6020]

@@joshconsultancy I saw that Josh, while working, we can work with options if we are targeting to buy stock. Selling cash secured put options is not as risky as buying leaps. Worst case you buy the stock when when the put gets assigned. So one can always hold the stock long term. Similarly cover calls is just selling a call above your purchase price, so one will end up in profit if it gets assigned too, we just end up selling the stock at a targeted price. But one needs to be cautious and pledge only the amount he has in cash / number of stocks while selling options. If we get greedy we loose.

[@neohengong4358]

I told U friend😢

[@joshconsultancy]

not me k, watch to the end, this is a narration

[@jk35260]

Sounds like a story of lack of consistent trading strategy and also over leverage due to lack of a clear strategy to size his trades.

[@joshconsultancy]

It’s true, overconfidence may have caused the position size to be too big

[@curiouspeople6441]

Only bitcoin can save you now

[@TheHumbleChartist]

Good one

[@joshconsultancy]

Thanks THC =)

[@259Yee88]

Don't worry, im also in the same boat as you. Alot of my leaps are expiring jan 2023 and 2024, aapl, meta, tsm,nvda, msft and etc. Anyway, to average down, i have decided to buy the stocks instead, we don't do buy leaps anymore. Lastly, we only do sell puts (csp), cover call and vertical spread now. With csp, u set the target price u are willing to buy. If hits u get assign at your desire price. If don't hit, l keep collect premium every monthly. To be honest, option trading is a very powerful tool if you can use it correctly. Anyway my point is, you learn from your mistakes in option. As for me, option will alway plays a big part of my trading and investment portfolio.

[@joshconsultancy]

For jason. He likely understands the terms above more than me

[@259Yee88]

@@joshconsultancy sorry my mistake, i thought it was you 😄. Tell Jason, don't give up, we all learn from our mistakes, no body are born to trade or invest. But i do see alot of advertisements regarding option trading in 🇸🇬. But for all those people wants to start option trading, please don't believe the stuff they says, option is not for everyone and they make it sounds so easy. I have learned the hard way, it takes me 3 years to feel confident in trading option.

[@liyangsun7460]

@@259Yee88 retail traders should not touch option trading, period. on every single trade you make, there's a bank/market maker taking the opposite side. the bank would hedge away the greeks (eg long half of the underlying stock to hedge option delta etc) and make pretty much risk free money (from you!). And not to mention the brokers etc in the middle. there's no free lunch, every trade you make you are paying for someone's

[@259Yee88]

@@liyangsun7460 Everything in life, there are no free lunch. All im saying is, you got to know what you are doing in option or trading in general. Any trades you do, there are no 100% risk free or free money, if not everyone will be a millionaire 😃. But, as long you know your risk management, and trade within your budget. Lastly, I totally disagree or even heard people saying retailers shouldn't trade option.

[@Vincent-pl3ck]

1st, wanted to fight inflation,then greedy ,want gain. Then it become like gambling in a way

[@markong01]

from there, i've emback on using a non-directional strategy, cashflow based mindset/strategies instead of directional trading which is similar largely to buying "Big" or "Small" in Casino (stock/Fx/Options Directional bet). Due to my earlier large lost in my fund, i can only go slow and steady to recoup my losses over my future time. Cashflow is coming in slow and steady these 2 years.

[@jerrychew9124]

Thank you for sharing. I think that the strategy will need to improve. Buy put/call instead of Sell. Cut loss fast when not going your way

[@joshconsultancy]

Watch to 7m45 to see full details k

[@BE-qz9je]

I also did mistakes and lost. Crazy market

[@joshconsultancy]

Take care. Hope the last ending segment has useful points for you

[@laykhoontan2237]

Josh, really enjoy your frank and full details of stock option trading . I super agree option trading is a gamble and very dangerous. Thanks for this good sharing

[@joshconsultancy]

Thank you for the high praise laykhoon

[@johntan2582]

Option trading has been advertise.. many trader say a good

[@joshconsultancy]

yes indeed hence I did this story narration to warn of it

[@valuabletips560]

Selling short term options at ask price using some mathematical formula could work. The idea is to sell puts when stock is below it's intrinsic value and sell calls when stock is very near the intrinsic value, it's an active way to earn more returns

[@joshconsultancy]

Hmmm, not too sure I agree on the practicality on that. Coz the saying "markets stay irrational longer than we can stay solvent"

[@willsontoh7105]

OMG!!! you are so rich! i dont even have that money to lose

[@joshconsultancy]

Stay at least to 7m52 k, you’d understand

[@cryptomizpro]

i hope those "options" singapore gurus who say "protect your downside" in those cringy youtube ads share their pnl lol.

[@bloggeraldwin]

He anyhow Chiong

[@tanhakkoon]

Statistically is like that when we buy Option. More than 90% buy Option lose money to Sell Option. If we sell PU we might need to had strategy either to roll if we seem to be assigned. Also once assigned we need to plan should we hedge or average down is price drop another 20% or more.

[@joshconsultancy]

Will still advocate, dont touch options. It requires a guess on near term direction

[@mrgadget1485]

HAHAHAHAHA!!!! I love this! Tesla stock plummeting! :D :D :D

[@chaz4609]

Jai Hinduja. Roller coaster stock that had minted many many new millionaires while bankrupting many others especially those late followers.

[@henrylee1269]

That is the short-coming of capitalism, read financial markets. It promotes materialism aka greed. There is no incentive to toil and MADE things like the farmers or blue collar workers because traders and bankers make much more money by selling things or flavour of the month ideas like options. Conventional wisdom like "time in the markets" in a clearly unfavourable macro economic or market cycle is not entirely sound, it serves the fund managers agenda of collecting fees for funds under management.

[@joshconsultancy]

Ya options are getting pushed by influencers, brokerages and investments courses

[@mariantia926]

All those selling course now aggressively is to recoup their loss simply. U think they are God. I tell u they themselves also dunno how market is performing. Everyone is doing guessing game. You heng, u win a little, u sway, u lose.. With this unpredictable n volatile world now, retail buyers always losing ends short term. Better keep the money. The true winner big institution and wealthy investor...because by volume the simple fact..

[@raspberrynz86]

my comment is: If you think buying/selling put/call whatever covered or not is option trading, sorry the fact is it is not. The way you were trading makes no much difference from stock swing trading. I have to say you almost have no strategy, you like trading individual stock instead of ETF and you talked nothing of volatility. It is indeed pretty sad to see a person having very limited knowledges of option strategy, knowing nothing of volatility power for option pricing and refusing to make investment grows slowly.

[@joshconsultancy]

Tone sounds harsh, not sure if it helps Jason. Refer to 7m45 k. Be nice, no one likes losing capital

[@raspberrynz86]

@@joshconsultancy no offence, I just bumped your video and reckon I should make comments honestly while it could sound harsh. you know many ppl trading years of covered call writing don't know it is exactly equal to long put, and many of them believe they make leverage trading with little risk but all premium lost not only by the times goes but also volatility. directionless

[@frankauerbach]

Buy China tech stocks and wait lah

[@frankauerbach]

China stocks rising, hoseh liao

[@joshconsultancy]

Ya things finally FINALLY looking brighter =)

[@imamhsshakill9159]

Good story

[@joshconsultancy]

Thank you for following till the end

[@lynngor8]

Amongst my Portfolio,SG stocks ,US stocks and Singapore Properties, my best ROE is still Singapore Properties. I managed to 4x with the properties. And today my share tank but the companies that I buy has got good promising future so I am just not worried…and I invest…pls don’t gamble or borrow to buy share…this is what my grandfather taught me.

[@joshconsultancy]

Yes agree. Whichever asset class, invest properly

[@chaz4609]

Jai Hinduja. Dow and STI are in a good place while Nasdaq is down over 30 percents from the Peak.

[@superconnie5003]

MAS restricts retail from trading SIP. Good idea.

[@joshconsultancy]

Brokerages have a process and options can be easily accessed

[@ackc1204]

I know people who lost on CFD, and now on options. I am not into options though there are many hooha in the internet about it. Basically I do not have the time to monitor but just buy good stocks for long term and let it be. My portfolios are down too but I am still doing DCA...less frequent now. 2023 picture still very unclear. Will relook into both stocks and cryptos next week (2023) again. Stay optimistics and invest within means too.😁

[@joshconsultancy]

Yes stay optimistic. Plain simple unspectacular DCA is one of the best ways there is