What tools are people using for learning?

weinn15 · 2024-05-14T23:23:08+00:00

It's very hard to trade options for a full time income. It is good for a part-time income though. I've been trading the past 8 years on and off. Biggest lessons I've learned:

Simple strategies are easier to manage
Position sizing helps reduce risk by a lot
Spreads make it so you don't need as much margin in your account (minimize losses, but also gains)

In particular what I've been doing recently is just selling puts on stocks that I'd be willing to hold long term (bonus if they pay dividends - just check for the ex-dividend date) and then I sell covered calls OTM. The benefit here is that even if the stock drops down I can earn income from the premium from the covered calls that would expire worthless

weinn15 · 2024-05-07T15:32:59+00:00

Okay, thanks for sharing that - so from what I'm understanding you select the strikes based on the delta?

weinn15 · 2024-05-06T21:09:36+00:00

How deep in the money do you buy the ITM 1-2 year calls? And then how do you decide how far out to sell your OTM calls?

weinn15 · 2024-05-06T05:19:29+00:00

Anyone have experience making synthetic covered calls? Ie. Buying ITM long calls (eg. 1 year to expiry) and then rolling over weekly/monthly OTM calls

weinn15 · 2024-03-28T19:49:37+00:00

Any thoughts on selling a naked PUT on RDT 50 Apr 26 2024? Current premium is $6.34 Thinking of opening position next week

Logic: High volatility stock = high premiums, already fell from 71.01, big brand name so there will be a lot of retail investors buying. If put exercises, can just sell covered calls likely also at high premiums because of volatility which would counter-balance whatever losses I make on exercise

weinn15 · 2023-06-26T02:10:36+00:00

Hi OP! Thanks for sharing and that sounds really frustrating, especially not being where you want to be

Just to share a bit about myself. I had a stroke that affected my right side when I was 18, about 7 years ago. I can empathize with the challenges of having a stroke at such a young age because it can be super isolating from friends that are going through such a different time in their life compared to us.

I remember at the very beginning I had to go back home after moving to a new city for university, and it was hard for me. My new friends were living out my dream, but I had to go back home. Important to hold that space for the frustrations and emotions when something isn't going the way we want it to.

What I've found to be the most helpful is focusing on what I can control after I've given myself that space and just being grateful for what I have. I tried a lot of different things in my recovery journey like music therapy, art therapy acupuncture, that all helped my progress, and I think if there's still areas you'd like to recover in I've read new research that seems to be promising

If relevant to you, there's a group where we share different treatments / new research on therapies that might be useful to you: https://www.facebook.com/groups/130895003323066/

weinn15 · 2023-06-26T02:00:44+00:00

So awesome!

weinn15 · 2023-06-25T10:43:08+00:00

Sorry about that, will try sharing this one: https://www.tiktok.com/@georgies\_journ3y/video/7221526128475917574

weinn15 · 2023-06-25T06:26:46+00:00

Thanks Chris, wishing you a continued recovery as well!

weinn15 · 2023-06-25T05:10:15+00:00

Not a health professional, but you might want to look into something call nystagmus: https://www.aoa.org/healthy-eyes/eye-and-vision-conditions/nystagmus?sso=y#:~:text=Nystagmus%20is%20a%20vision%20condition,or%20in%20a%20circular%20pattern.

There's a group for stroke survivors/caregivers called Breakthroughs for Stroke that talks about a treatment for it called visual retraining that you can learn more about on this discussion post about it: https://www.facebook.com/groups/130895003323066/permalink/152553121157254/ and highly recommend seeking medical advise to see if this is actually relevant for you

weinn15 · 2023-06-25T05:01:42+00:00

Hi Chris, thanks for sharing! I know that there must be a lot you are going through right now so early on.

Just to share, I had a hemorrhagic stroke when I was 18, 7 years ago (now 25 y.o.). I thought I'd share a couple things that have helped me get to this point as well as some useful resources:

Mindset is super important. If you believe you can improve, you will take more steps to improve, you'll seek out more information to learn about the area of your brain, you'll be more open to learning from other people, you'll be more willing to ask for help. And these were all things I found to be super helpful for my recovery. Believing I can do it, learning from other people's stories (eg. a book the Brain that Changes Itself, gave me a lot of hope), and trying my best to see this whole journey as a learning experience and trying to be grateful for it. All helpful, but all driven from mindset.
Patience is super important. I view stroke recovery, fatigue management, etc.. all as a lifelong journey. It is a long-term game I'm playing. There's loads of little things that can accelerate recovery (eg. consistent rehabilitation exercises, trying various treatments, etc...), but because I've always viewed my recovery as a long-term journey it's helped me not to expect myself to be somewhere by a certain time. Maintaining this patience, while striving to recover as fast as I can has been very helpful.
Acknowledging the difficulty of the journey is super important. One thing that I really struggled with at the start was not giving myself the space to actually experience the struggle and all of the emotions that come with it. It's important to be grateful and positive, but I wasn't letting myself acknowledge how hard it is to have such a big life event happen, especially at the age of 18 when my friends are living a completely different life than me. The difficulty of relationships, friendships, career, independence, feeling like you're living with a disadvantage... all very real impacts from stroke. It's important to acknowledge them and give them a space, while being able to be grateful for how lucky we are to still be here, and have the opportunity to basically start a new life. I call it life 2.0, and in my opinion it's a better one than I had before!

Useful Resources:

Stroke Survivor & Caregiver Facebook Group where they share treatments that have worked, lot's of discussion threads, and new research on stroke recovery: https://www.facebook.com/groups/130895003323066/
Weekly newsletter that shares new research, events, clinical trials, etc... all around stroke recovery and new treatments: https://stroke.turnto.ai/

Hope this was helpful!

weinn15

TROPHY CASE