Sharing my journey with you to $10,000 monthly in (mostly) passive income using stocks, options, and dividends. The goal begins today 2/3/23 and I'd like to reach $10k monthly by 11/1/26.
Eh Bart, Tom Here I am from Toronto Canada-Blue Jays fan, we are rebuilding...I am like you and toying with options-calls and puts, a little credit spreads, trying to grow my account, I am also like you with regard to real estate, I own-rentals, and I am an agent, Anyway you crack me up, really appreciate your vids!!!
Yo Bartster! Welcome back from your vacation! I know you are feeling good, but ain't no way we are moving up and to the right. Already wrote ITM covered calls my friend...time to collect that bread on the way down!!;)
What's up Mr. P? Hope you and the family are well. I'm still waiting on your visit to Valparaiso so we can share a beer or three. My magic eight ball has a rally taking place after the short term bloodbath we just experienced - a rally that will setup the next bigger drawdown that will likely occur before the end of the year.
Man I pray you are right! I accidentally had a buy order for SOXL and didn’t realize it so I ended up doubling down at the same price so I’m in more than I would like to be for one position and need a rebound to get out
So far so good today - although three out of my four sweethearts are still red (gold, silver, and oil should find a bottom as early as tomorrow). At what price did you double order SOXL? Hopefully you'll be in the green very soon.
@@wealthsnowball I double ordered at $35.43, so not terrible, but also concerning when I’m over leveraged in such a risky position. We will see how the market plays out!
I hope the market goes back up sorry for venting just worried about her account I’ve been subscribed to you for a while now. Was trying to learn option trading a while back. Do you think the market will crash bro?
I'd love to say I know for sure if the market is going to crash or not. I've been on my toes looking for clues for months now because I don't like the look and feel of the current economy, unemployment, AI eliminating jobs, the enormous weight of our national debt, and the theory that BRICS will announce they're going off of the dollar when they meet in October... with the price action over the past couple of trading sessions... the likelihood of another breakdown in the market coming this year has increased.
Man I’m taking care of my mom’s account I don’t know much about investing other than reading up on stocks etc. She’s gotten too old to pay bills / handle any of her finances. I seen her long term investing account drop 5k in a few days. I mean overall she’s still up like 40k but worried about this. That’s all she has besides her social security…
Taking care of your mother is a noble act my friend. Big down days like we've had the past couple of trading sessions are VERY scary - it's human nature for us to be more fearful of down days than we get excited about up days. Keep up the good fight!
@@thatfunkymonkey I have friends with boxers - they are great!! My Stella Bella is a 9 pound 9 ounce Shih Tzu (and as cute as you can possibly imagine ❤).
Cool video! When me and my brothers were kids, my father would come home from work with a few packs of cards a couple times a week. He would spread them out and let us have a draft. We would pick out cards and put them in our albums. Me and my brothers still have a massive collection of cards thanks to my old man.
Would you recommend credit spreads ? And what’s your favourite ETF to trade ? And with a small account to do you recommend selling naked puts ? Thanks David 😊
I do recommend credit spreads - especially with a small account. If I had a small account and was trading credit spreads - I would definitely be looking at QQQ, USO, SLV, & GLD. And I would not recommend selling naked puts, EVER. The problem with small accounts is the ALL or NOTHING mentality that is human nature. If you apply patience with prudence you will ALWAYS accomplish your financial goals (key word: Patience). Thanks for watching and commenting 👍
Thanks Meghan! The vacation was amazing ❤️. Lady Godiva and I are sad that soon the Fab 5 will have trouble vacationing together - because Kid 1 & 2 will both be graduating from college and moving on with their lives 😢 - so every moment with them is precious. Hope you and your family are doing well my friend 🙏
So, you sold because you were satisfied with your profit? You did not want to hold longer than 1+year to get the tax benefit? Just want to understand your mindset here
I agree completely 👍. Looks like they are holding $36M in BTC and $102M in ETH with $200M in liquidity through the end of June. In my honest and accurate opinion, ETH is bottoming soon and will take off like a rocket.... which adds to the upside of BTBT. Thanks for watching and commenting 🙏
BOILER UP!! My wife is an alum and my two girls are currently attending Purdue. Great school. Loved the Manning Colts, Reggie's Pacers, and the Big Red Machine (used to cock my elbow like Joe Morgan when I was a kid... until Rickey Henderson came around and then I copied his batting stance... until the Kid came around and then II copied his 🤣).
Check out a channel called Right Way Options. I’m binge watching all his content and it’s paying off. His 3-8 trap strategy is gold. Can be applied to anything you’re doing.
I'm 100% with you on that! In fact, (if I remember) I'll try to share a TLT chart tomorrow. Looks like we're clearly in a bullish pattern - but need to take out the June 14th recent high of $94.84 to confirm we'll have follow through up to $98+. Thanks for watching!
I'm new to trading, and I've lost a good sum trying out strategies I found in online tutorials. I would sincerely appreciate any recommendations you have.
The first step to successful investment is figuring your goals and risk tolerance either on your own or with the help of a financial professional but it's very advisable you make use of professional
My BTC sold on a stop loss and now I standing outside looking in. I sense there will be another dip and then I can play again. Never though...could be $100K tomorrow
Hey Ken, thanks for watching and commenting! From what I see from BTC, there's always another opportunity to get involved. I'm as late as late can be to this party... and I'm still super excited 👍
Up until now I've only sold covered calls (and puts). However, I do have serious plans to buy calls once my four sweethearts (Gold, Silver, Oil, and Bitcoin) hit their next (probability based) trend up. My covered call win percentage is right around 80% - but I only track the calls that I don't want called away in that percentage. Sometimes I'll sell covered calls as a profitable way to get out of position (like I recently did with Unity, Docusign, and Norwegian Cruise Lines).
@@wealthsnowball In cell M3 just do (with no quotes) "=k3/e3/l3*365" then drag that down at the bottom right of the cell until you hit m10. Dragging the formula down automatically updates them to 4,5,6,7, etc... allowing you to not type the formula again. Format the columns as %
