Fri 2 Feb 2007
Woke Up, Clicked My Mouse and Made $732.00
Posted by RichSlick under MMO, Money Trades
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Modern technology is absolutely amazing! About 20 years ago, it would have taken a couple of phone calls, perhaps an hour and at least $100 in broker fees to do what I did this morning. What did I do? I woke up, got online to check the status of the market, saw an opportunity to make $732 and took it.
I eventually hope to get to the point where I don’t have to bother getting up and clicking the mouse; That’s just too much work! LOL!
If you want to learn about my strategy, go over to www.ETFCoveredCalls.com where you can check out how I do it all.
3 Responses to “ Woke Up, Clicked My Mouse and Made $732.00 ”
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Pingback from Yet Another $750 In Profit? » Get Rich Slick
February 23rd, 2007 at 4:42 pm[...] I planted a money tree back in early December. The first harvest (in December) brought in about $850 in cash. The tree bore another fruitful harvest of about $750 in February. My money tree (SMH) spiked up close to 2% and if the trend continues I’ll likely get called at $35 in mid March during options expiry. If SMH stays above $35, then I’ll earn an additional $750. This would bring total cash flows from December thru March to $2,350. [...]
February 2nd, 2007 at 4:55 pm
Can’t you just set up limit orders or something to sell your calls? Maybe it can save you that precious click.
February 2nd, 2007 at 5:05 pm
Well not yet because up/down movements make the calls worth more/less AND I have to wait for the right moment. I have noticed that online brokers are adding more and more tools to eventually do something like this but I’d say it’s at least a few years away at the rate they’re adding features.
I’m still waiting on Zecco to offer Roth IRA accounts…..