I've made money on the shares I picked up last week, but I am still in the RED for about another 1500 shares. I will put a $.05 trailing stop once it gets back to $4.10 - $4.15 when I am up on the entire lot. Good luck.
You said you would put a .o5 trailing stop in when it gets to 4.10. That means you'd settle for 4.05/share?
Would you be willing to consider selling all 4500 shares for $4/share? If I paid you $1800 today PLUS $4/share, would you sell your 4500 shares for $4?
I can show you how to place this trade with 100% no risk if you're interested.
I assume you are talking about writing covered calls. If I am going to get into options, I may need to slightly adjust my strategy. The reason I have stayed away from options to this point is because I haven't seen myself holding for a month, but I feel like I am in a pretty good position right now. I have an average of 3.96 for 4500 shares with about half in the green and half in the red. I was planning on putting a $.05 trailing stop on the 2500 shares I bought for 3.60 or under. With all that being said, I think I may hang on to my shares here for a while and see what happens. If you want to walk me through a CC in Etrade, I may be ready to give that a shot, atleast for some shares just to get my feet wet. Thanks.
9 comments:
Great job... I'm glad earnings went in your favor! Did you tighten your stops? AAPL is up today too :-)
I've made money on the shares I picked up last week, but I am still in the RED for about another 1500 shares. I will put a $.05 trailing stop once it gets back to $4.10 - $4.15 when I am up on the entire lot. Good luck.
Jon how many shares do you currently hold on E-trade?
currently 4500
You said you would put a .o5 trailing stop in when it gets to 4.10. That means you'd settle for 4.05/share?
Would you be willing to consider selling all 4500 shares for $4/share? If I paid you $1800 today PLUS $4/share, would you sell your 4500 shares for $4?
I can show you how to place this trade with 100% no risk if you're interested.
By the way - the above trade GUARANTEES you to make $1800 (tomorrow).
I assume you are talking about writing covered calls. If I am going to get into options, I may need to slightly adjust my strategy. The reason I have stayed away from options to this point is because I haven't seen myself holding for a month, but I feel like I am in a pretty good position right now. I have an average of 3.96 for 4500 shares with about half in the green and half in the red. I was planning on putting a $.05 trailing stop on the 2500 shares I bought for 3.60 or under. With all that being said, I think I may hang on to my shares here for a while and see what happens. If you want to walk me through a CC in Etrade, I may be ready to give that a shot, atleast for some shares just to get my feet wet. Thanks.
Sounds good. shoot
let me know what I need to do.
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