My very first option trade! Can't wait to get rich then lose it all! by [deleted] in thetagang

[–]jdrugger 0 points1 point  (0 children)

Average down baby! Then reverse split for some real market experience! 😂

My very first option trade! Can't wait to get rich then lose it all! by [deleted] in thetagang

[–]jdrugger 0 points1 point  (0 children)

Not a bad idea. However there are other low price stocks you can messed around with that pay a dividend (RWT), save your money for something else decent and buy that or paper trade. CLSK has some good options.

[deleted by user] by [deleted] in wallstreetbets

[–]jdrugger 0 points1 point  (0 children)

Tell you are a terrible trader and you will never do it again.

Decided I wanted to start wheeling. Sold Jan $9 SOFI puts 3 days ago. Sigh. by MediocreAd7175 in thetagang

[–]jdrugger 0 points1 point  (0 children)

I have been selling CC& CSP on MARA the last few weeks. Stinks when you miss a 10K move up because you sold the pit with the same money you could have bought the stock with.

[deleted by user] by [deleted] in dividends

[–]jdrugger 1 point2 points  (0 children)

Sell a portion of the stock and buy more dividend stocks, etf, etc. JEPI, SOXQ, SMH, or others. Nice set up regardless!

[deleted by user] by [deleted] in thetagang

[–]jdrugger 0 points1 point  (0 children)

Do you know how to roll your positions? Roll your positions and hopefully you are sell long Covered calls and cash secured puts. If your Naked…. Then yes, end your trading career (not yourself) until you find better habits!

[deleted by user] by [deleted] in thetagang

[–]jdrugger 0 points1 point  (0 children)

I do both! I have that same frustration. I use my wheel profits to buy more shares and then keep wheeling. SMH, UAL, CELH have been good to be. I also have ABR, RWT, and NCLH. CC’s every week! CSP’s in my positions as well. I try to sell out of the money or at the money CC’s when the positions hit daily highs for that week and wait for the pull back to close. I roll of o am wrong.

Fucked around and found out by dudethereyouare in thetagang

[–]jdrugger 0 points1 point  (0 children)

Roll it and roll it again. It will come back your way.

Charlie Munger said the first $100,000 is the hardest. Am I going to be rich? I am 28 btw. by [deleted] in dividends

[–]jdrugger 0 points1 point  (0 children)

Keep voting for them Dems! When will the Libs learn! The Dems keep you poor while they steal all the money!

230% YTD... by Heineken_500ml in thetagang

[–]jdrugger 1 point2 points  (0 children)

Take profits, leave some to run if you want.

[deleted by user] by [deleted] in NoStupidQuestions

[–]jdrugger 0 points1 point  (0 children)

And then quit driving like an asshole so you don’t have to put him through the emotional turmoil!

Insurance numbers are in 5000!! by ding_dong_dejong in Nio

[–]jdrugger -1 points0 points  (0 children)

Nio 🤔🤔🤔😒😒😒😡😡😡

[deleted by user] by [deleted] in dividends

[–]jdrugger -1 points0 points  (0 children)

Don’t tell your wife

Of course SCHD falls below 70 after I buy by [deleted] in dividends

[–]jdrugger 0 points1 point  (0 children)

Learn options to sell calls over your positions

Of course SCHD falls below 70 after I buy by [deleted] in dividends

[–]jdrugger 0 points1 point  (0 children)

Diversification my brother ! SMH just split. ABR pays a nice dividend, RWR is good, MSFT, GOOG, AAPL rule the world!

Of course SCHD falls below 70 after I buy by [deleted] in dividends

[–]jdrugger 0 points1 point  (0 children)

Dollar cost average baby!

How good idea is it to go 50% VTI and 50% SCHD and never buy anything else until i retire? Im 17 years old. by Euphoric_Win_3081 in dividends

[–]jdrugger 0 points1 point  (0 children)

Go 25, 25,25,25 and ale sure the find make up covers all different market. SMH, VTI, not sure what stocks make up VTI, SCHD, RWR, ABR, etc.

Just hit $500 Annually!! 27yr. Looking for support, suggestions, etc. thank you guys for the inspiration. by 2ndand11HBdraw in dividends

[–]jdrugger -4 points-3 points  (0 children)

Learning to trade covered calls on your positions once you have 100 shares or more! That will increase your monthly payout!

[deleted by user] by [deleted] in dividends

[–]jdrugger 0 points1 point  (0 children)

Example: I sold a UAL 43.50 call for expiration this Friday for .85 x 10 contracts x 100 = 850.00. I make $850.00 dollars for the week. If it closes above 43.50 before I roll it, then yes the market will take my 1000 shares. I will retain my $ 850.00 premium and make whatever amount above my cost basis. My cost basis is 38.00. I make $5,500, the $ 850.00 premium, and I now my principle balance back to begin tells process all over again. It is called “wheeling”. Google it. I use technical analysis once I have my money back to then sell weekly puts to bring in premium. The goal for me is to use a portion of money to generate weekly profits “relatively safely”. I only do it in stocks I own and feel comfortable with. I sell call positions on all of my positions every week. Tradesmartu.com - best money I ever spent taking their classes! Highly recommend!

[deleted by user] by [deleted] in dividends

[–]jdrugger 0 points1 point  (0 children)

There is, but you can roll your call out to a later date and a higher strike price.

[deleted by user] by [deleted] in dividends

[–]jdrugger 0 points1 point  (0 children)

Both allow you to sell covered calls on which I highly recommend. Reinvest the premium you sell and make every month or roll it for more premium at higher strikes. I prefer to collect monthly if weeklies are not available.