Update May 24 (week 64)

Added

As planed I bought INTC and GOOGL.

Review

This week the account added $1.85. YTD it is $144.26. Since the beginning this are $198.74.

The market:

The W has completed. Today there was a breakout. Given the fact, that we already had 5 up-days, I would expect that there would be at least some kind of retracement to  407ish even with an undercut to 405ish on Tuesday. I would have liked to see more volume, but the bullish divergence between the MACD Histogram and price was a bit of a tip off. 

Note to self, trust what you see and turn off the noice generator between the ears…lol..

Next Week's Plan

I was pointed to FSK. This looks like a good investment. So 100$ will go there for at least the next 2 weeks.

Disclaimer

All information on this blog is for entertainment, and education information purposes only. Nothing discussed constitutes as financial, investment, trading, tax or any other advice. No decisions should be made based on the information provided. Always do you own independent research and consult a professional broker or financial advisor.

I own everything I discuss. I am not getting paid anything to mention anything. 

Update Week May 2, 9, 16 (week 61-63)

Added

On May 2, I added 100$ to QYLD. With that the QYLD has 5%  and can't be added to  for a while.

On May 18, I added 100$ to MO. This brings the position to 4.8%

This leaves $100 left over. So this week I can add spend $200.

Review

The week ending May 7th, added $4.47, the week ending May 14th added $7.13 and the week ending May 21st added 3.54. YTD this is $142.41 and since inception this is 195.89.

Market

It looks like we could do a W pattern and it the patterns turns out to be correct, we could easy go back to the 430ish level.

Next Weeks Plan

This week I am going to add to GOOGL and INTC 100$ each. INTC is becoming what I call an accidental yielder. An accidental yielder is a stock that maintains the dividend, but the share price is falling. That increases the yield.

Disclaimer

All information on this blog is for entertainment, and education information purposes only. Nothing discussed constitutes as financial, investment, trading, tax or any other advice. No decisions should be made based on the information provided. Always do you own independent research and consult a professional broker or financial advisor.

I own everything I discuss. I am not getting paid anything to mention anything.

Update Apr 25 (week 60)

Added

As planed I added 100$ to EXG

Review

This week I had 14.63 in dividends coming in. This makes it for a total of $181.14 since the beginning.

I have EXG and RYLD now being just over 5% of the portfolio. 

Next Week's Plan

Add 100$ to QYLD.

Disclaimer

All information on this blog is for entertainment, and education information purposes only. Nothing discussed constitutes as financial, investment, trading, tax or any other advice. No decisions should be made based on the information provided. Always do you own independent research and consult a professional broker or financial advisor.

I own everything I discuss. I am not getting paid anything to mention anything.

Covered Strangle CSCO April and Closing Remarks

I was not paying attention to the position in the last 2 weeks.

As a result, I got assigned 100 shares at 50$.

I now own 200 shares as with an average price of  $52.71. For the existing position there were also 38$ of dividends coming in on 4/27.

To generate some more income, I will start selling calls at 53 or higher. At this time, I will not sell another put, I don't want to add another 100 shares to the position.

Disclaimer

All information on this blog is for entertainment, and education information purposes only. Nothing discussed constitutes as financial, investment, trading, tax or any other advice. No decisions should be made based on the information provided. Always do you own independent research and consult a professional broker or financial advisor.

I own everything I discuss. I am not getting paid anything to mention anything.