You can do everything right and still take a loss. But the more you obsess over process and not just profits, the better chance you have of staying green.
This $TSLA sold put at $320 was worth $0.41 on Tuesday
The put was at $229 in profit
And I didn’t close it thinking it was safe 🤦♂️
All hell broke loose on Thursday
It’s no joke I make more than $8,000 a week trading options
The collateral used is anywhere between $150k to $800k
The avg is around $600k
Plus some margin
Let’s get into the rules that frame my repeatable system…
Then I’ll show you my trade for this week.
I have 10 $TSLA Covered Call contracts expiring tomorrow
From $300 to $320 strike prices
If they all expire worthless
I will have pocketed $1,733 in premiums for this week from these $TSLA shares
I have many other uncovered shares of $TSLA as well
It’s a great stock to trade
TRUMP JUST NOW:
"WE MAY WANT COUNTRIES TO CHOOSE BETWEEN US OR CHINA"
hmm...I wonder who the majority of the world would actually pick
the US consumer or China's labor?
$HOOD
Robinhood has launched smart exchange routing for crypto purchases.
Okay, so this is something many people were waiting on for a while when it comes to buying $BTC and other cryptocurrencies on $HOOD.
With smart exchange routing, you pay a slightly higher fee for a much better spread because you can choose instead to have your orders routed with smart exchange routing to multiple partner exchanges, creating a better price to buy/sell your crypto for.
The fee is still significantly lower than $COIN but offers a much better price to buy at.
I think for investors, they can increase this fee over time and make their spreads even better, allowing people to continue migrating to Robinhood to buy crypto. Coinbase uses a subscription product ($30/month) for lower fees, I think if $HOOD just charges a slightly higher fee for a better spread, that is a much more compelling offer than having to pay a subscription to get better deals.
Nice step in continuing to add market share when it comes to crypto.