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OceansWave commented on a stock · Nov 7, 2023 09:22

Exercising Patience and Entering Options at the right time

Learnt to be more patient and watch for the right time to enter and exit options trade.. so far it has been good as most of my capital are in selling Put Options (its alittle like shortings Put options)
As my capital is limited, I can’t go for too many of these trades. Nevertheless its a safe trade for me.. if i had more, I would have sold some puts for APPLE and AMD as well.
Fortunately, I used some of my capital to invest in MSFT call options from the start of the week. Expected that they will hit all high 359 today as during earnings many analyst upgraded their ratings, but it was a bear market that period.. after FOMC it was clear tome that the market will go up for MSFT.
I am not a good greedy guy, just be patient and gain the profits from selling puts.. that will give my daily lunch money hahahah..
Special thanks to @Cow Moo-ney who shared and showed me the ropes to selling Puts.. his TA is good as well as it gave me many insights on the levels I should watch out for entering and exiting. Recommend his Youtube Channel. but take note, its not a financial advice Channel, it more on sharing Technical Analysis.
Exercising Patience and Entering Options at the right time
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OceansWave
I ain’t any guru… i follow technicals and trend line of the market
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