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MSTR earnings after close! is happening in 5 days
Bitcoin update! Still buying SOUN shares
The military is starting to experiment with Bitcoins blockchain technology, not for finance, but for data. When something is put on the Bitcoin blockchain it is basically placed in concrete. It is considered trusted and can't be duplicated. Even if just one period or common and the slightest thing is different, it will be known as a fraud immediately! Bitcoin's network rivals the internet and I know the magnitude of that statement! It and a few select other crypto should work nicely with web 3.0. The world is changing! Are you going to be prepared for the future now or be behind when we get there? Keep stacking ownership!!! Also I am still buying more SOUN stock. I have bought 900 shares in the last 2 week. 2 puts at 8 strike pending will expire tomorrow, currently looks like I will end up buying 200 more share tomorrow. Selling $10 covered calls 2 weeks out. Looking for 25% upside and income while I wait for the trade to play out. I personally and the by the charts, think that SOUN won't drop much below $6.50-$7 LOAD UP!
Market
Something I have never understood. Not all, but most tickers follow QQQ and SPY. Why is it some tickers follow them going down but not back up? I'm going to use SOUN as an example. Market went down this morning and SOUN went down. Market went back up but SOUN is still down. During the time the market went down nothing changed with SOUN, it's the same company it was before the drop. Ford the same thing, market went down F went down but not back up when the market went back up. Why do some tickers only follow the market one way? Could be up or could be down and could follow it both ways one day but not the next.
Here are my thoughts and what I am doing
So the Robinhood account is educational, I show people had badly you can screw up and lose money fast, especially when things change and you don't adapt. Also most new people will make those mistakes. Margin, over leveraged, timing, lack of discipline, stubborn. I'm going to show that you can screw up and comeback. That's point of this. I don't think anybody else is showing an account on YouTube or private that massive of a loss. People learn from mistakes and advice from Warren Buffett, learning from other people's mistakes is better than learning from your own mistakes. There is less pain! the market DOES NOT CARE ABOUT YOUR FEELINGS lol Learn this lesson early!
Here are my thoughts and what I am doing
Would you like to see a bi-weekly or monthly portfolio update?
Let me know if you'd like to see an update on what I am doing 1 or twice a month. I will alert the moves I make in between.
SOUN I'm stacking shares and selling 2 week out covered calls
I've bought 500 shares of SOUN since last week, around $8/share. Selling $10 covered calls with 2 weeks out till expiration. This trade gives 25% upside on the shares. In addition to the possible 25% overall return I'm getting about $20/contract that is another 2.5% while I wait for the trade to play out. I also am selling 2 puts on SOUN at 8 strike, this is giving 4%/week on the contract currently. If the SOUN price drops doesn't matter to me $8/share is a great price for a solid company.
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