WHAT WE DO? WE SELL OPTIONS FOR INCOME. WE USE THAT INCOME TO BUY DIVIDEND GROWTH STOCKS!
CHECK OUR TRADES ON OUR MeWe PAGE!


Posted by Martin July 20, 2020

The market rallies again

Account Net-Liq: $$5,340.51 SPX value: 3,251.57 It is becoming quite frustrating that the market rallies again. It is weird. Everybody is pessimistic, everybody says that we are in a recession, we have new COVID-19 spikes and everybody is worried, yet the market rallies hard?!? Did everyone forget about the COVID? How come we sold off Continue reading →

Posted by Martin July 19, 2020

New week expectations

Account Net-Liq: $5,202.02 SPX value: 3,224.73 Expecting the new week and hope the market will be favorable to my trades. I hope to repair my SPX trade and make money on the existing open trades. I also finished reading Lifecycle Investing. I think it is a good book and worth re-reading a few more times. Continue reading →

Posted by Martin July 18, 2020

ROTH strategy success

Account Net-Liq: $19,047.39 SPX value: 3,224.73 I have been trading the strategy I was talking about in my previous entries in my diary in my ROTH account for some time now. I have been accumulating shares of HP until I reached 100 shares, later on, I kept accumulating PPL, and now I am accumulating AT&T Continue reading →

Posted by Martin July 18, 2020

Goal for 2020

Account Net-Liq: $5,202.02 SPX value: 3,224.73 When I realized that I would not be a good trader and needed to take a different approach, I decided to set the following goal for 2020: 1) invest in high-quality dividend stocks (aristocrats) and reach 100 of those stocks 2) collect dividends on those high-quality stocks 3) sell Continue reading →

Posted by Martin July 18, 2020

Cash Deposit and purchase of IWM LEAPS

Account Net-Liq: $5,202.02 SPX value: 3,224.73 I decided to write a diary about trading and building my wealth. And keep it private for now. And I want to force myself to write every day if the conditions allow. I want to write about my trading and my feelings during the market days or weeks, make Continue reading →

Posted by Martin July 12, 2020

Chasing Money

Building wealth and passive income is a long term journey. But it can be shortened. Not by reckless trading (I tried and failed), but by buying assets which grow fast and pay growing income which can be reinvested and snowballed to ever growing larger sums of money.   Dividend investing   This is a reason Continue reading →

Posted by Martin May 23, 2020

How to boost your investing income and portfolio size

The ideas presented here are not new but they are just less known. There is a great paradox when investing in the stock market for the purpose of creating a personal wealth and financial independence. Advisors and gurus tell us that we must invest a lot of money and rather very early in your lifes Continue reading →

Posted by Martin May 23, 2020

Trades as of May 23rd 2020

OPEN OPTIONS POSITIONS   June 2020 expiration PPL – June 19 (monthly) pmcc 29.00 call for +0.26 GILD – June 19 (monthly) bull put spread 67.50/65.00 puts for +0.40 AMLP – June 12 (weekly) 5.50 puts for +0.70 BAC – June 19 (monthly) 19.00 puts for +0.41 HP – June 19 (monthly) 22.5 covered call Continue reading →

Posted by Martin May 17, 2020

Poor Man’s Covered Call (KBE)

BTO 1 KBE Jan21 2022 20 strike call (LEAPS) for -10.26 debit STO 1 KBE Jun19 30 strike call for +1.07 credit Total cost -9.18 debit   The trade has been adjusted as the prices jumped up overnight significantly. We opened the LEAPS call for 10.26 debit and short call for 1.07 credit. Even adjusted Continue reading →

Posted by Martin May 16, 2020

Trades as of May 15th 2020

OPEN OPTIONS POSITIONS   May 2020 expiration SPY – May 26 (weekly) poor man’s covered call 295.00 call for +3.83   June 2020 expiration PPL – June 19 (monthly) poor man’s covered call 29.00 call for +0.26 GILD – June 19 (monthly) bull put spread 67.50/65.00 puts for +0.40 AMLP – June 12 (weekly) 5.50 Continue reading →