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Here are my thoughts and what I am doing
So the Robinhood account is educational, I show people had badly you can screw up and lose money fast, especially when things change and you don't adapt. Also most new people will make those mistakes. Margin, over leveraged, timing, lack of discipline, stubborn. I'm going to show that you can screw up and comeback. That's point of this. I don't think anybody else is showing an account on YouTube or private that massive of a loss. People learn from mistakes and advice from Warren Buffett, learning from other people's mistakes is better than learning from your own mistakes. There is less pain! the market DOES NOT CARE ABOUT YOUR FEELINGS lol Learn this lesson early!
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Here are my thoughts and what I am doing
Would you like to see a bi-weekly or monthly portfolio update?
Let me know if you'd like to see an update on what I am doing 1 or twice a month. I will alert the moves I make in between.
SOUN I'm stacking shares and selling 2 week out covered calls
I've bought 500 shares of SOUN since last week, around $8/share. Selling $10 covered calls with 2 weeks out till expiration. This trade gives 25% upside on the shares. In addition to the possible 25% overall return I'm getting about $20/contract that is another 2.5% while I wait for the trade to play out. I also am selling 2 puts on SOUN at 8 strike, this is giving 4%/week on the contract currently. If the SOUN price drops doesn't matter to me $8/share is a great price for a solid company.
MSTR with another Bitcoin buy
3,273 more bitcoins purchased by MSTR last week, now bringing their total to 818,334. Keeping stacking shares like they are stacking bitcoin and you'll be fine in a few years.
I don't announce trades often but...
SOUN- I'm looking for a 10-15 price target on SOUN it is currently under $8/share. So lets math this trade out. $800 for each set of 100 shares. If our target price is $10 that a 25% move. I would sell $10 covered calls on each lot of 100 shares 2 weeks out for expiration. Currently paying $.22/share or $22/contract. So that is a total of a 27.2% trade if it all works out in 2 weeks' time... Now if the price doesn't reach $10 or higher we are still making 2.2% in 2 weeks from the covered call. Most attempt to get 10%/year this a guaranteed 2.2% in 2 weeks. Guess what if the company price falls more, doesn't really matter, it's a great company at a great price. Just keep selling 10 covered calls until you eventually sell, even if that takes a year that almost 30% on the year, that's really good. This is investing JustJoey Style
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Investing JustJoey style
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This is for financial education. Budgeting, loans, credit scores, investing. The basics, simplicity and mindset how to improve your life with money!
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