(01-02-2020, 06:37 AM)NilesMike Wrote:(01-01-2020, 09:50 PM)fenders53 Wrote: I don't even want to update this thread right now. I think NilesMike will "get this". I started the year with a nice DGI top 10. Sold well over 300 puts and calls in 2019. The income was awesome but I got called out of some of my best stocks way before they topped. I could have done better if I'd known the S&P would run so hard. Many of my stocks made a 30-50% run and I never dreamed that would happen with recession fears supposedly looming. I'll get the DGI back to right as soon when the bull run takes a rest eventually. For now my top 10 is mostly utilities, pharma, AMZN, a few defense stocks and a ton of cash. I guess it could be worse. I lost my core positions for now... AAPL, HD,BMY,MO,CVS and a couple more. It might take all of 2020 to get it back to right but my gut says be patient after this run. I share my strategy's victories and feel like I should share the downside as well or I'm not being an asset to the forum.
Got it.
I don't sell calls for that very reason. Yes 2019 was an outlier year but that is why I hold the DGI stocks that I do, hoping t catch the outlier years.
In DGI context, I only sell puts to enter.
In a trading context, the field is wide open.
This year, starting today actually,I am adding Accelerated Dual Momentum index investing to the mix. Past performance looks very good, we'll see how it goes.
Good fortune to all in 2020!
Thanks Mike, in DGI context I need to further compartmentalize that portion of the port. Selling covered calls is probably a defensible idea on most anything now. It clearly wasn't when I did it for some of my core holdings.
Not as bad as I thought but I am missing TECH and Industrials from my Top 10 for now.
In no particular order. Most are less than 2-3% of total port value, while I wait for the mythical correction
AEP
NEE
LMT
JNJ
PFE
WELL
MDT
AMZN
PEP
MET
Before the year is done the following might make an appearance HON,MMM,UTX,D. AAPL, HD, MO and MMY are mostly gone and will remain smaller positions unless they pullback considerably.
Editted again, I forgot about MET so BP knocked out of the Top 10.