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Bought PVTB at $9.90
Newly, i understand what you are saying, but for example:
I buy XYZ stock for $20 and write cover option for $2. When XYZ drop to $18 i will buy back my option and sell stock, that way i can minimize my lost. Is it a good strategy?
Newly, i think when the stock goes down the same amount of cover call then i have to buy the option back and sell the stock, this way i dont loose much.
Lee, i think by buying a high divident stock and cover call i can gain 10% per year. Is it sound logical to you?
"An alternative; you could take 10% of the capital, $20,000, and trade". Yes, that what i have been doing in the past two years. I limit the lost of $10k per year but use total $100k capital.
Ed, to live in Saigon city i need $2k per month which is $24k per year. Making $30k per year after tax is just about right.
It's 4:30 AM here in VietNam. i am turning in now, wish you all have a good evening.
Yes, its capital. i have more in 401k
Landm19, i dont do margin.
ok Lee. I do have $200k
Of course i am talking about me. i am sure you can do 15% easily
Lee, 15% per year profit is impossible with my stock knowledge. You have to teach me how to do it.
Lee, may i ask, if you need to make $30k per year, how much money you need to trade daily?
Fabian, i like this pick. Thanks
Lee, thanks, but luck wont last. I wish i have your skill.
No Lee, i am not rich, just lucky to gain 100k from last year from BAC and DNDN. I dont know TA so very much rely on luck.
Thanks Lee, too many eggs in one basket make me nervous, still holding 10k shares though.
sold 30% of HBAN +20%
HBAN still look good in down market
Babycakes, i am in Saigon, hear all good things about Sapa and Hoi An, but havent get a chance to visit.
Maokin, every year my budget for trading stock is $10k. I lost all $10k in 2008. At the begining of 2009 i am really beleive the US economy will recover so if that is the case then financial will have to do well. In 2009 i made $100k, that will be good for 10 more years of investment. I still think financial will do ok in 2010 so at this moment i owned 15k shares of HBAN average about $3.65 per share. So far so good will see what happen.
i know that you shouldnt but all eggs in one basket, but i have only two eggs. Should i use two baskets?
Maokin, i have to go back to the States for many reasons, not just doing taxes. I trade whenever opportunity arise and very much rely on StreetSmart Pro program from Schwab, when i buy stock the minimum amount i will buy is 2k shares because all i need is gain 1 penny to get even after commision. It sounds risky but i will take the lost if the stock goes the wrong way, usually about 10% to 15% below the buying price.
Jame, let trade, will chat after market closed.
Lee, VietNam is 15 hours ahead of California. It's 11:26 PM here now.
Maokin, yes i am in VietNam for two years already. As a retired programmer and so so trading skill, I only can effort to live here and only come back to the States to pay taxes one per year.
No problem Lee, but you have to go to VietNam to have it. You will be welcome here.
Sold YONG +.68 for 2k, total profit $1341, that's one month worth of living in VietNam. With laday luck on my side and wind in the back i trade like CR, analyze market like Lee and pick stock like Fabian. Thanks guys.
YONG HOD 8.89
Lee, Fabian, Thanks for your replies. Thinking about what you two said i am very lucky when knowing very little about the market and still made good money. Thanks again
Lee, i think if the economy is getting better, financial should do well. No?
Fabian> please give me an advise on HBAN. I dont have much cash so all my money is in HBAN and YONG now. Thanks in advance.
HBAN make a move today. i mentioned last week because alot of insiders buy.
Trader of the year should be CR and Lee IMO. Fabian will be investor of the year
HBAN with many insiders buy.
http://columbus.bizjournals.com/columbus...