I promised myself that I would document my option trading journey.
So here we go…
I am getting into option trading as of September 2024.
I’ve only bought stocks and forgotten about them, hence the AMD image below:
Being 100% transparent, I bought this stock blindly…
Meaning I had no idea of the fundamentals, or how the company made money, etc.
I just bought…
I had cash saved up, and it was just sitting in my bank account.
I am not already a “high spender” when it comes to material things.
So, I decided to invest in my long-term stock portfolio.
But after evaluating the stock and taking a course that would help me break down 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 them at a bad time.
The company is now pivoting away from its competition, NVIDIA (A.I. CHIPS)
Yet, AMD seems to be steadily growing.
In my eyes, I felt it was time to sell and use the “profits” to fund my first options trade.
That I will be recording and documenting in September 2024.