As the market is increasing, it is forming a V shape recovery.
This pulls majority of the blue chip stocks ahead
During bullish times, I tend to use a more aggressive monthly income option strategy to generate a higher option premium (which is what we did a few weeks back)
So the stock now is above our target strikes
During bearish times, we hold cash and avoid placing a trade.
This essentially allows us to catch up during bullish time and still achieve our goals while maintaining a good win rate.
During bullish times, I would add onto long term positions as the market goes higher.
However, when the market is going up very quickly, there are usually some profit takers the following week.
This means you don't need to jump in immediately but wait for a slight pull back first before buying more.
Cheers,
Eric
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Eric Seto
Chartered Professional Accountant (CPA)
Chartered Investment Manager (CIM)
In April, I’m helping 10 people build a retirement cashflow strategy using options.
The 2 strategies you will learn in Investing Accelerator:
1. Long-Term Investing with Options
→ Find discounted blue-chip stocks
→ Use options to multiply your profits
2. Monthly Passive Income Strategy
→ Generate monthly cashflow from your portfolio by selling options
→ Designed to generate cashflow for retirement
Disclaimer: This communication is provided for educational and informational purposes only and does not constitute investment advice, a recommendation, or an offer to invest in any fund or strategy. No advisory relationship is formed by receipt of this content. Any references to strategies or markets are general in nature and do not reflect the performance of any client account or investment product.