I just lost my whole year gains. Everything, I was slowly building up over the course of 2014 year went down the toilet. Why? Because I broke my own rule which I try to tell everybody interested in options trading – stay small, do not overtrade. I didn’t do it, pushed my luck forward and Continue reading →
Another month passed and it is time to write a report how my chase for financial freedom progressed. I am so desperate to get there as quickly as possible that I study other traders, and keep my account fully invested. I envy some of my fellow investors such as Jason Dividend Mantra and his ability Continue reading →
This week trading was definitely something. It was erratic and crazy. I had some trades which were good, turned bad, ugly, and great again. All in one week! So what happened and what trades I had or could take off the table? Let’s take a review. Freeport-McMoRan Inc. (FCX) – This was a great trade Continue reading →
I did it once before when I started trading options and I doubled my account from $4000 to $8000 couple of years ago (in 2011), but then I lost everything back down to $2000; $1914.70 to be exact. That was my wakeup call and I started looking for a strategy, which would no longer be Continue reading →
The maker of electronic control devices (ECD) Taser Int. (TASR) has been punished by investors these last two days. If you are invested in this company, should you be worried, dump your stocks and run away or is this a great opportunity to add more shares? Taser existed as a company even when I was Continue reading →
Today was expiration Friday and I had one position (contract) in Taser Int. covered call. You can see my original trade setup in this post where I am showing the entire calculation of what would happen if I buy 100 shares of the stock and sell 1 call option against the shares. This trade is Continue reading →
I hold TASR as my option play, but today’s frenzy selling compared to results of this company (50% better revenue which beat analyst expectations)makes TASR a good buy play. So I added another 100 shares to my current holding. As the stock recovers I will be selling more calls against the original and new holding. Continue reading →
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