I'm not much of a trader, more of a buy and hold and wait for my dividends investor. I don't really use any technical or fundamental analysis. I trade what I like. Let's just say I have good tastes most of the time.
Before I learned options, I wanted to earn $500/mo from swing trading using my margin account to fund the trades. But I seem to find the wrong kind of stocks to play with and got stuck with just paying interest on the money I borrowed from my brokerage instead. I tend to hold onto losers and sell my winners.
Now with Options, I can trade with little to no actual money down and make consistent gains! All I need is buying power and I can keep my current stocks as is. As my portfolio grows, my buying power will also increase giving me opportunities to do more trades to create a steady stream of premiums.
June was a disappointment, but I still pulled through. July proved to be my biggest gainer to date!
I'm up 11.23%! From my options, I realized a net gain of $2,059.87. I closed a lot of my positions early. My commissions for the month was $59.98 USD.
Of course, this does not make up for the actual gains I had for the month. I hold 25 shares respectively for $GOOG & $GOOGL. They spiked up in price and brought my overall portfolio with them to over $100k. Unfortunately, I sold off 15 shares of $GOOG @ $580 with a GTC order that I had set previously from months ahead. To be truthful, I was getting fed up with Google for not moving for the past couple of years, while other stocks have made leaps and bounds.
I used my proceeds from my $GOOG sale to buy 10 shares of $UHAL @ $347.08. Buying growth stocks have its perks with bigger appreciation in stock price, but it also has a down side if it doesn't move or falls below your buy in price. Another con is most of them doesn't pay a dividend.
Before I learned options, I wanted to earn $500/mo from swing trading using my margin account to fund the trades. But I seem to find the wrong kind of stocks to play with and got stuck with just paying interest on the money I borrowed from my brokerage instead. I tend to hold onto losers and sell my winners.
Now with Options, I can trade with little to no actual money down and make consistent gains! All I need is buying power and I can keep my current stocks as is. As my portfolio grows, my buying power will also increase giving me opportunities to do more trades to create a steady stream of premiums.
June was a disappointment, but I still pulled through. July proved to be my biggest gainer to date!
I'm up 11.23%! From my options, I realized a net gain of $2,059.87. I closed a lot of my positions early. My commissions for the month was $59.98 USD.
Of course, this does not make up for the actual gains I had for the month. I hold 25 shares respectively for $GOOG & $GOOGL. They spiked up in price and brought my overall portfolio with them to over $100k. Unfortunately, I sold off 15 shares of $GOOG @ $580 with a GTC order that I had set previously from months ahead. To be truthful, I was getting fed up with Google for not moving for the past couple of years, while other stocks have made leaps and bounds.
I used my proceeds from my $GOOG sale to buy 10 shares of $UHAL @ $347.08. Buying growth stocks have its perks with bigger appreciation in stock price, but it also has a down side if it doesn't move or falls below your buy in price. Another con is most of them doesn't pay a dividend.
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