What a day for me. I had an awesome day and went 3/3 on trades, two SPY puts and a SQ put from Shapiro. Feels like things have finally "clicked" for me, and I made 2.5% in realized gains on my account with today's trades however...
I also unloaded all of my ELOX, my highest cost basis WWR (stupid 7.5P assignments in march for $6.10 basis) and all my DPW, effectively negating all of my gains for the year. Small account (under $25k) and I was up to $6k in gains ($6k of which came in January/February) but since then I've just churned my account. So with the tax loss harvest today I'm back to square 1 really, sitting on a lot more cash, and not having to pay taxes on gains for the year, so at least I got that goin for me. Also no one mentioned it but hot damn it feels good to get those turds off my screen, it honestly felt like a weight off my shoulders and I was certainly not expecting that after booking a loss.
That said, I do think things are clicking. I started this journey heavily back in October 2019 and the last 14 months I have paid a lot of market tuition, but I haven't thrown in the towel and I've continued to learn. Controlling emotions has been critical and I never realized what a huge part it plays. I'm shifting away from small caps and readjusting position sizes and allocation to small cap and bio to get them more in line with how they should be treated for an account my size. Did the Gold trial again this year with Shapiro and it's pretty amazing how much different it all looks through my eyes today than it did in December of 2020. So for 2021, a lot of effort for what amounted to basically no gains, but the knowledge and emotional control has come a long ways, and I'm excited to keep moving forward. Wanted to share in hopes it might encourage, and give some hope for any other small accounts that might lurk on the board. Thanks for all the help here Ags, it's appreciated!
