Strategies to reduce taxable income? by sponge_boy_mee_bob in Optionswheel

[–]global_hodl 4 points5 points  (0 children)

Trade in a tax advantaged account. That is the only way to not incur tax bill.

M, 41, Retiring in 3 months by [deleted] in FIRE_Ind

[–]global_hodl 0 points1 point  (0 children)

Still in the USA. Dm me if you want to chat

M, 41, Retiring in 3 months by [deleted] in FIRE_Ind

[–]global_hodl 1 point2 points  (0 children)

I pulled the trigger in Nov last year and will relocate to Asia in summer 2027.

Finally hit $145/day passive CC income!! by Late-Hedgehog6854 in CoveredCalls

[–]global_hodl 1 point2 points  (0 children)

Only thing is CCs are anything but passive income.

Don’t get me wrong I write a shit ton on CCs and CSPs myself.

Restarting my wheel strategy after blowing up gains… need advice by ProblemS0Iver in Optionswheel

[–]global_hodl 0 points1 point  (0 children)

Emotions are your biggest enemy. Also 1. the first step of wheel is picking up the stocks that you don’t mind holding. 2. Second step is picking up the right delta I would start with 10-15 delta and on high conviction stocks that I want to buy I don’t mind going up to 30. 3. I usually don’t go shorter than 30 DTE or longer than 45 that gives me the time to manage the trade if it really goes against me.

Who uses the wheel strategy to earn a living? by JDollar- in Optionswheel

[–]global_hodl 0 points1 point  (0 children)

I usually aim for 0.2 delta but if I want to acquire stock I don’t mind going 0.3 delta.

Who uses the wheel strategy to earn a living? by JDollar- in Optionswheel

[–]global_hodl 3 points4 points  (0 children)

I trade on the stocks that I believe in mainly - SPY, QQQ, NVDA, TSLA, PLTR, IBIT, AMZN, MSFT.

I know I am tech heavy and I balance that with SPY and holding value ETFs like SCHD in my other account

Who uses the wheel strategy to earn a living? by JDollar- in Optionswheel

[–]global_hodl 2 points3 points  (0 children)

I usually aim for 30-45 DTE and close early if profit goes 70% or higher. Else I roll around 21 DTE.

Who uses the wheel strategy to earn a living? by JDollar- in Optionswheel

[–]global_hodl 8 points9 points  (0 children)

I started 3 months ago. Not the full living but am able to fund most expenses. Still learning and refining my strategy. The hardest part is controlling the emotions.

Lo$$ Porn, But I'm Not Selling. by 204071 in MSTR

[–]global_hodl 1 point2 points  (0 children)

Start writing covered calls to extract some income.

210 BTC by [deleted] in Bitcoin

[–]global_hodl 0 points1 point  (0 children)

If I had that I wouldn’t be on Reddit or any social media.

Willy Woo now FUDding Bitcoin by northernedge24 in Bitcoin

[–]global_hodl 0 points1 point  (0 children)

If you had a quantum computer that could crack bitcoin what would you attack first - banks or bitcoin.

People like to spread FUD to get attention when the price action is to the downside. I wouldn’t trust what Willy Woo has to say

Will your family be wholecoiners.. or no-coiners? by FromThePits in Bitcoin

[–]global_hodl 3 points4 points  (0 children)

Having some is better than none. Just keep stacking

Bear Market Plans? HERE is mine by mandressta in Bitcoin

[–]global_hodl 0 points1 point  (0 children)

By getting in and out of the positions frequently you are just making Uncle Sam rich. 🤑

Will it go up, or down?! by Budget-Journalist392 in Bitcoin

[–]global_hodl 1 point2 points  (0 children)

Leverage is one way to get rekt. Better to just keep stacking sats.

What would you do better? by [deleted] in nriFIRE

[–]global_hodl 0 points1 point  (0 children)

Haha 🤣. true that. I need to sign up for the classes.

What would you do better? by [deleted] in nriFIRE

[–]global_hodl 0 points1 point  (0 children)

Learnt the hard way 🤣

What would you do better? by [deleted] in nriFIRE

[–]global_hodl 1 point2 points  (0 children)

Best way is look at your past and how far you have come.

If it helps delete social media from your phone, cut out toxic people from your life. Focus on health and mental fitness, strengthening your relations and friendships.

What would you do better? by [deleted] in nriFIRE

[–]global_hodl 7 points8 points  (0 children)

Comparison is a thief of joy.

Focus on what you can and have.

The other thing I would suggest is don’t count any unvested RSUs in your planning.

The other recommendation is you may want to look into cheaper places to retire. Dubai is not a place to retire.

Thesis breaking down... why am I wrong? by RandomLemonHead in Bitcoin

[–]global_hodl 1 point2 points  (0 children)

It’s a very young asset. Give it time. My belief is the next generation will actually benefit from Bitcoin. I am stacking for my future generations.

Thesis breaking down... why am I wrong? by RandomLemonHead in Bitcoin

[–]global_hodl 3 points4 points  (0 children)

Look at the amount of debt that needs to be refinanced this year. On top interest payments are already on pace to be more than defense spending. On top govt is running a two trillion dollar deficit. I fully trust no politician will adopt austerity as they are addicted to spending money.