Oh Lord, following me could lead to the cliff. LOL. My motto is, If you cant afford to lose it you cant afford to win it. Thanks for stopping by. Hope to hear from you.$$$$
How many minutes- hours do you spend per day on this? I've been reading on that for a year now, yet couldn't make up my mind. Is there any way to ''set and forget'' the whole thing without having to micro manage constantly or has it got to be always looked over? Thanks for the screenshots, kind of encouraging.
I'd give that thing a go yet I just figured it ain't available in Canada. Apparently the only sound alternative is https://www.wealthsimple.com which I will give some thought toward, considering I'm not too keen on coughing up 10 $ per trade when it's time to take care of small business.
I've expressed my opinion on how I suspect this will end but it could also end with me trading options with my nest egg. lol!
Okay, time to stop,think and make some adjustments! Of the top there was a 99.9999% chance this would NEVER SURVIVE, most option traders fail and wipe out accounts. Just the way it works, otherwise we would all be rich. HEY TOM, Challenge accepted, INVESTED in a few stocks today, with the goal of longterm. We will see how they perform and may adjust as needed. Hey, its a start, a few are speculations and will be the first to go. Keeping $ 54.80 cash= about what I started this thread with for option trades. Facing a $ 27.00 max loss of current option contracts if they fail- time will tell. $ 338.82 invested in stocks. Out of daytrades and nearly cashless, so time out for a day or two. Todays results..Stay tuned.
Todays close. Now for the long task of posting all the trades up to date. Still lickin our lips drooling over the next play and wondering why the hell we spent almost all of our money on stocks. What a good waste of gambling money. "Thoughts of a option junkie" We beat the odds, have a few goodies to show for it and still have our INITIAL option cash. Stay tuned.
Just spit balling here..... What if you took $100 out of your stake and put it into a 6 month gic? Keep working the option angle for a month and then buy another $100 gic with 6 mo term and so on. The idea being to de-risk by creating a 6 month gic ladder. 6 months in, you can add another $100 to each step of the ladder, when you perform well. If you ever loose it all, you need only wait until the end of the month to have seed money to take another swing at the option pinata. There are some extreme low investment gics but I don't know if they go down to $100. The idea may not be viable. My concern would be making a misstep and it all ends. Perhaps that concern can be managed. Or, perhaps it doesn't need managing. Whatever happens, you have had one of the coolest trading stories I've ever seen. Kudos to you.
Actually that is the plan. Honored you stopped by. In the mean time, had a bit of a relapse. Stay tuned.
Alright. Sold AAPL for a couple bucks Dumped a couple option plays that came back to life. Own a few small stocks that I most likely will keep. My cost breakdown is $ 404.83 -cash. $ 26.23 -stocks $ 44.00 -options>> down about $ 20. Still coasting. -- Stay tuned.
Me being me, went in some calls yesterday. Woke up to a bloodbath, held on about a hour and turned it into this..Bout lost my A$$ on this one, HEY TOM! A new all time high. No new plays, counting my blessings
