Did a swing trade on TSLA on Friday + some intraday momentum trading on TSLA. >> Entry in TSLA last week was ~333, sold today at 341 right at market open >> realized 7 points🤑 >> intraday trading TSLA produced another ~300 $ profit in total (small trade volume, as this is not my style of trading normally....)

Closed (=Bought) SQQQ Dec 20 42 Call at 0.83, resulting in a quick 0,21 point win (=20% within 3 days!!)

Built up positions on down-day: Sold: SQQQ Call, 38, Exp. 12/20/24 at 1.13 Sold: SQQQ Call, 34, exp. 11/15724 at 0.30

I just added a strategy cheat sheet with which you can easily apply my strategy that generates >50% annual profits for me. Happy to discuss it with you!

This image shows the daily price chart of SQQQ, an inverse ETF that moves opposite to the NASDAQ index. The chart reveals a steady downward trend, with SQQQ consistently losing value over time, which is typical for inverse ETFs due to factors like daily rebalancing. How to Benefit with Call Options: By selling call options on SQQQ, you can profit from its natural downward drift. Since SQQQ tends to lose value, the call options you sell are less likely to be exercised (end up "in the money"), allowing you to keep the premium received from selling the option. This strategy takes advantage of SQQQ's built-in decline, offering a way to generate consistent income with limited market risk, as long as you manage potential spikes with proper risk measures.