What I do for weekly and monthly to generate extra income. I hope to share so that my tiger friends can make money. Even when stocks are up 📈 or down 📉 I practise this strategy for side income. In doing this strategy please make sure you have the money ready to buy the 100 shares when your options are exercised. I use this strategy on Tesla as I don’t mind buying more at lower price.For weekly I will sell a put option out of the money and for monthly at the money strike price. Whichever month when the option position is not in your favor you could either buy the 100 shares or roll over your position. Let’s say when you have toomany Tesla shares you could always sell a covered call to earn extra income when you don’t have anymore money to sell a naked put contract.
Dear Tiger Friends,Recently I have written an article on how to sell a option put contract to earn weekly or monthly income and I have received many queries. Allow me to explain further to this. Selling a put option is apowerful strategy used by many and famous Warren Buffett. Before you consider selling a naked put options you have to understand what’s your strategy objective . 1) Do you want to own 100 shares or 2) just want collect premium for income. Either way it is important you must have the money ready should your put contract exercised. Once you understand your objective you can then decide if you want to own the 100 shares or roll over your option again to collect premiums. My suggestion to those who are new and have not trad
Market jitters and pull back are good opportunity!
There are no really bad news or another pandemic for the market to sell off. I see the market is long overdue for a healthy correction. I have posted before saying VIX and dollar is rising so we need to prepare ourselves. As long the market do not correct more than 20% the trend is still bullish in the long term. Take this opportunity to buy your favourite stocks at discount and dollar cost average. The market is a cycle and often I see people lose money when they panic in such situation. Invest in good companies, buy and hold strategy you be rewarded in the long run. Invest safe 😊
Investing in Tesla shares is a emotional journey. If we could put aside our emotions, market noisesand look at long term you be rewarded. Let me share my experiences in the past and why today I’m not bothered with the price movement anymore. Started investing in Tesla back in 2019. I didn’t know much about Tesla then but I was hoping for quick returns. When the share price went up I sold for 10% gains but it went up even further. I waited for the share price to pull back and I went in again.Came 2020 it dropped so much due to COVID and I panic. I sold at loss and lost my earlier gains. Since then I started finding out more about Tesla by watching YouTube and learning more on Elon. I was convinced Tesla is the future and I believed in Elon a visionary person. Since
My dear tiger investors:Let us all remind ourselves investing is a journey which you planned and staying on course. Our biggest weakness is controlling our emotions and that will determine your success. Here are my thoughts and I hope we remind ourselves not to make the same mistakes. I want all to make money together to achieve financial freedom😊We are excited to see markets hitting new highs each day 📈 and seeing your money grow. Who doesn’t want that? 😅 I always believe a healthy market should pull back before it goes higher 🚀🚀🚀. I’m not saying we sell and take profits butdo take a pause and stay rational in not chasing the market. To be honest, I’m scared of this situation now knowing market hasn’t corrected yet. Should it really
I’m bullish on Tesla and holding long term. Buying on the dips to average out. Tesla will be the biggest company in world and when you look back today price it’s so cheap 🚀🚀🚀
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