2020: Week 1

My first trade of the new year, with a new portfolio, using a new strategy was to do something entirely unsound: Invest $4.47 into the very lucrative, very stable, very sound Dogecoin. I bought 2235 “shares” of DOGE at a staggering 0.002 per share price tag. I say “shares” because trading Cryptocurrencies through Robinhood does not mean that you actually own the currency. Instead, I’m essentially placing a bet that the value will increase without actually purchasing anything. (When you break it down, this is only slightly more risky than the way the normal stock market functions. We buy actual shares in companies speculating that they will increase in value over time.)

Continue reading “2020: Week 1”

2020: Week 2

Week two of 2020 is off to a good start. My micro-trading account is up 13 percent. While everything I’m doing right now is still statistically meaningless, I’ve made some good choices so far and I’m hopeful as I follow my new strategy. (I’ll go into more detail on all of that in a regular blog post.)

Continue reading “2020: Week 2”

2020: Week 3

This week was pretty calm for me. In selling options sometimes you just need to wait for the time decay to play out. And it is playing out. My two Iron Condors both decreased in value (that’s a good thing for me.) I’m up a combined $13. With over a month to go until expiration anything is still possible, but I’m hopeful I can close out one of the two positions next week.

Continue reading “2020: Week 3”

2020: Week 4

I got within a few dollars of my target on both of my Iron Condors this week. I was tempted to close one of them anyway, but I stuck to the plan. Time decay is on my side, yes it is! I think my Iron Condor in EEM might have hit my target if the market had kept going the way it was for most of the week. Friday, things got a little squirrelly. My guess the market was reacting to either the impeachment hearings, the Corona virus outbreak, or both. I might be looking to make another quick trade if the major indexes are all still down when Monday rolls around. Continue reading “2020: Week 4”