What Did You Buy Today?

[fenders53]

(08-04-2020, 09:52 AM)MikeWa Wrote:

(08-04-2020, 09:33 AM)MikeWa Wrote:

(08-03-2020, 04:27 PM)fenders53 Wrote: ......
I exchanged a zillion PMs with WaMike and got him started. He is probably about 50 trades in by now and has enjoyed a perfect environment for this.  
.........

It's over 60 by now. :-)

Now, about the "perfect environment"...
It is a full time job with a decent pay and also some fun, but it takes a lot of time.
I am sure my technique needs some improvement, but I spend a lot of time daily to find good deals, not always with good or any results.

And there is of course fire fighting. I had to do several rollouts last Friday to avoid assignments and one stock to be called. Not that I'd mind owning these stocks, but the goal is to get premiums without buying shares.

BTW. I didn't want to sound negative. I still enjoy it, especially premiums.... And I have plenty of time. lol

Fire fighting is a a necessary skill if you lose your mind and go all in on this.  I could never manage so many positions if I worked full-time.  I have just enough time to do this.  In a normal market you can dance your way out of most problems by selling a little more time decay. Doesn't always work, and it doesn't have to.  I retire for real in two years.  I am about a month away from funding my first two years of retirement in cash to tide me over until my big pension and SS checks come.  I allotted 36 months to do this using this strategy and it's going to be closer to 18 months.  If the market gets slammed it will still work out well enough.