I promised myself that I would document my option trading journey.
So here we go…
If you’re unsure of my background, I’d recommend reading my other blogs or about page.
I am getting into option trading as of September 2024.
I’ve only bought stocks and forgot about them, hence the AMD image below:
Being 100% transparent, I bought this stock blindly…
Meaning I had not idea of the fundamentals, or how the company made money, etc.
I just bought…
Money was generated through my agency, cash was just sitting in my bank account.
I am already not a “high spender” when it comes to materialistic things.
So, I decided to invest into my long term stock portfolio.
But after evaluating the stock and taking a course that would help me breakdown the fundamentals of a company…
I realized it was time to let AMD go, as it really is not my favorite fundamentally.
Well, I kept 25 shares since I bought it at a bad time.
The company is now pivoting away from its competition, NVIDA (A.I CHIPS)
Yet, AMD seems to be steadily growing.
In my eye, I felt it was time to sell and us the “profits” to fund my first options trade.
That I will be recording and documenting September 2024.