2020: Week 8

This was the week I’ve been waiting for since the beginning of the year when I put on my first Iron Condor. I needed EEM to end the week anywhere between $43 and $48 per share. On Friday afternoon it was hovering in the mid $43’s. I was pretty sure I would be safe holding my Iron Condor till the end of the day, but as the whole market was incing downwards I couldn’t be 100% sure of it.

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2020: Week 7

This was another wait and see week. And this week I got to see the benefits of time decay. My Iron Condor in EEM expires next week, and boy is it starting to show. This week its starting value was at $26, and by Friday had dropped all the way to $7. (That’s a good thing for me.) My original goal was to take this trade off around 50% profit, but since I’m so near to the final expiration I have decided top let it go and collect the full $21 credit.

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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”

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.)

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