“I’ve been successful overall, but made many mistakes randomly buying calls…”

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I am currently reading your Trend Following. I am enjoying it very much and am eager to learn all I can about the strategy. I started trading full-time around the start of the shutdowns. I’ve been successful overall, but made many mistakes randomly buying calls and puts. With the market trending up, I did very well selling naked puts. When the market turned against me at the start of the year, I got into trouble by foolishly rolling out the trades that went against me. My margin shrunk to nothing. I was issued margin calls and had to liquidate many of my long-term holdings to cover. I’m still under water by about $45K, but am slowly trading my way back to profitability. I currently use a wheel strategy. Instead of rolling out the puts that go against me, I allow them to get assigned to me and then sell covered calls against them. This is working very well with the current high volatility. I look to either add to or replace my current strategy with Trend Following. You have my compliments and appreciation for your work. I look forward to continuing my studies.

Bruce P.

Jump in below. Lots of detail.

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