9/21 Weekend Update. Everything just worked out. Except for the part that did not. And even that probably did.
Most things in my life end in a better result if I take my hands off the wheel. Trading stocks and options is one area.
Most things in my life end in a better result if I take my hands off the wheel. Trading stocks and options is one area.
This blog is about 2 things, my 2 passions – finance and fitness. To date, most posts have been about finance because there wasn’t much to discuss in regards to fitness. I am almost always training for something crazy but after the worst 8 mile per hour crash known to man in April at Ironman … Read more
Weekly Profit: $-4,583 Weekly Profit w/o CRWV write-down: $2,215 Opening Account Balance: $72,000 Ending Account Balance: $75,200 Next Week’s Profit Goal: $1,388 Next Week’s ending Account Balance goal: $76,588 This Week’s Trades Another week with profit and account balance decoupled. On Tuesday, ORCL announced earnings. While earnings were down, the guidance around AI was incredibly … Read more
A Tool for Covered Call Selection I may not have traded the RUT last week but I did spend time working on the “One Spreadsheet”, aka “The Spreadsheet to rule them all”. I have disclosed from the beginning of this blog endeavor and I have known since the beginning of my 18 month plan – … Read more
Weekly Profit: $2,470 Opening Account Balance: $72,146 Ending Account Balance: $72,770 Next Week’s Profit Goal: $1,334 Next Week’s ending Account Balance goal: $73,598 Notable Trades: Week of 9/5 Over a year ago my wife bought a week in Puerto Rico at an auction. Was there wine involved? Probably. So we spent last week in a … Read more
“Marvelously ingenious and perfect, from a mechanical standpoint; worthless commercially, the costliest machine ever built will stand as a monument to Mark Twain’s vanished fortune.” New York Evening Telegram, October 8, 1898 Mark Twain & The Paige Typesetter: A Cautionary Tale Mark Twain once said, “I am not as young as I was several years … Read more
Weekly Profit: $927 Opening Account Balance: $69,492 Ending Account Balance: $72,146 The 9th week of a 73 week process (~ 12%) is sort of mile 4 of the marathon. You’re warmed up, you’ve made the mistake everyone makes of going out too fast (or too slow), you’ve found your pace and you’re staring at the … Read more
The central idea behind this blog was always twofold. First, the 18 Month Plan, aka the 1% Plan. Through a combination of stock & options trading, investing and dividend harvesting I generate $10,000 per month by December 31, 2026, ‘lifestyle’ money. This number would reduce and eventually eliminate reliance on a W2. I have primarily … Read more
The week of 8.18-8.22 could be described as a rebuild. A rebuild that didn’t require a teardown first. I wrote last week about my first posted loss and the downstream psychological effects. It turns out that my mood was more tied to this process than I’d liked; it was healthy to confront this, so I … Read more
Part Two: Why is this 18 month project so important to me? In part 1 of my 3 part Why? series I wrote about why I launched this blog. In part 2, I dig into why this 18 month project is so important to me. As a refresher, the 18 month plan began on July … Read more