Thoughts and takeaways from my trading year. 468% return with lots of ups and downs.
Posted: Jan 02, 2025
- Started with just under $200k in trading accounts, got up to almost $1 mil with calls on $MSTR, $RIOT, and $MARA when BTC ETFs were approved
- Dropped to $250k in July, but caught BTC run-up and peaked at $1.8 mil
- Netted a 468% return on the year after withdrawing money for a house, taxes, and spending
- Tips: short term capital gains tax, taking profits after big wins, DCA in and out
- Learning from big losses, meeting with financial planner
- Looking forward to trading crypto stocks, $MSTR, $IBIT, and day trading/Swing trading SPY calls/puts
- Happy New Year and stay regarded!
What do people on Reddit think?
🚨 Reddit sentiment: mixed/positive - The comments reflect both admiration for the gains and skepticism about the methods, but the overall sentiment leans towards positive acknowledgment of the successful return despite the risks. Summarized comments: - Massive gains are possible, but expect huge losses along the way - Long-term crypto plays and cautious SPY swing trading advised - Avoiding weekly options is recommended - Taxes are significant, learn from mistakes and take profits - Achieved 468% return with notable ups and downs during the year - The writer used margin loans against their portfolio to develop property Stock tickers discussed: $MSTR, $RIOT, $MARA, BTC, $SPY, TSDD, TSLR, MSTZ, MSTU
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