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“The biggest challenge I’m currently facing is how I can implement trend following with my strategy…”

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Hello Michael,

My name is A. and I’m 27 years old and living in The Netherlands. I’m managing my own personal investment portfolio of €75k ($88k), to which I add new money regularly.

My investing strategy consists of 2 parts:

1. I buy and hold a diversified portfolio of dividend growth stocks. I expect this to slightly outperform the S&P 500.
2. In addition to 1, I also (conservatively) sell put options on stocks I would like to own with a strike price I would be willing to pay. Because most of these options expire worthless, I generate some extra money in the form of premiums I receive.

I have finished reading ‘The Complete TurtleTrader‘ and loved it. It really makes me wonder what would happen if I implemented the exact turtle system, assuming I have the discipline and a fundamental understanding of the key principles (I’m confident I have both).

The biggest challenge I’m currently facing is how I can implement the turtle system in conjunction with my strategy listed above. I’m thinking about buying options with expiration of at least 6 months out (calls for upward breakouts and puts for downward breakouts). This would make it easy for me to get started, because I know how options work and the risk per trade is basically capped at the premium I pay. Love to hear your thoughts on this.

Thanks for reading this email!

Kind regards,

A.

Why do you want to combine these strategies?


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