My goal is to turn a $1,000 account into a long-term wealth-building portfolio by selling cash-secured puts, accepting assignment on high-quality companies, selling covered calls, reinvesting all premiums, and adding extra deposits whenever possible
days like today sucks for small accounts like me because we don’t got that extra funds to open up new CSP’s to lower our Avg Cost
All we can do is sit back and do nothing
I believe in $TE so there’s no reason for me to sell down here
$TE down nearly -17% today, not what I wanted to see but it happened, next support I have are $7 & $6.84, if we cannot hold these 2 levels this week, it’s going to get ugly
as for my account, it’s horrific, but I will hold these shares and sell aggressive CC’s near $9 if I can