Who am I, and what am I doing here?
I have been trading for a year, and I realized I need an outlet to share my experiences.
We tend to identify as our source/s of income. In this sense, I am an options trader. I am also a real estate investor, a long-term and short-term landlord, a retail entrepreneur, and software engineer.
But this blog is about the portion of my life that concerns itself with options trading.
I got into options trading, because it provides more control. I started with RobinHood, and I got accustomed to buying and selling equities. And I started with renting residential real estate.
After a while I came to understand that, selling covered calls is similar in many ways to renting real estate property. If you choose your strike correctly, then you are essentially gaining residual income, analogous to rental income, from the investment of owning stock. This idea, that I can buy stock and then "rent" the gains to somebody else, drew me in.
And so, I started to really dig into options trading, and learning everything I could. I bought all the books, I watched all the YouTube channels, I listened to the podcasts. And I started trading.
I lost money, at first. Then, over time, I figured out what works and what doesn't. Sure a yolo play could earn you fast cash, if you are right, but for reliable income you need to use the numbers.
Now I am able to earn 2% per week. reliably. That's to say that, if I don't earn 2% in a week, I know what mistake I made and why it went down that way, and how I can avoid that in the future. And I make very few plays that rely on market direction.
In the following weeks, I will talk about my basic strategies.
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