How Much Money Did I Make So Far This Quarter? - $500,000 Trading Account Update #6 (Episode 149)

How Much Money Did I Make So Far This Quarter? - $500,000 Trading Account Update #6 | Coffee With Markus | Episode 149

Intro: 0:00
My Account So Far: 1:47
How Do I Do This?: 7:29
How Do I Find The Best Stocks?: 9:04
Current Trades: 14:14
Deep Dive Q&A: 28:28

The first quarter of 2021 is almost over and I've been trading my $500,000 account for about 10 weeks.

As of this morning, I'm closing in on $60,000 in profits for the year so far!

Goal:
Trade for a living: Make $15,000 per month
= $180,000

“SRC Profits”
- Systematic
- Repeatable
- Consistent

Idea: Wire any excess of $250,000 at the end of each month out of my trading account into my checking account

Started trading this account on Jan 11, 2021
Today: March 22
Feb 1st: Wired $21,821 into my personal account
Mar 1st: Wired another $26,408
Total: 48,229 in profits until the end of Feb

How are we doing for March?
Current total profits: 59,703
For March: 11,474

How do I do this?
Strategy: The Wheel Strategy
Sell Put Options and collect premium
I might or might not get assigned
If I am assigned - Step 3
If I am not assigned - Step 1
Sell Call Options and collect premium

How Do I Find the Best Stocks To Trade
Tool: PowerX Optimizer

Current Trades:
AAPL: Not doing anything (need to sell calls)
AMD: If AMD stays above 75, I make 910
GDXJ:
Got assigned 2100 shares @ 48
Sold 48.50 Call for $0.75 = 21 * 75 = 1575
GDXJ closes above 48.50
I keep 1575 and 0.50 * 2100 = 1050
GDXJ closes below 48.50
I only keep 1575
4. LL: Sold 22 Put for 0.20 = 45 * 20 = 900
5. RIDE

Total Profit on Friday 910+1575+900 = 3385
If GDXJ close above 48.50 = 1050

Recommended Links & Videos:
How To Manage A Losing Trade: https://youtu.be/bHKIdYCnUjM
You can schedule a tour by visiting http://www.mytradingroutine.com
Trading Taxes Explained: https://www.youtube.com/watch?v=laMtU3KFzSI
How to find strong support and resistance: https://www.youtube.com/watch?v=ZkEOuWW5GVc
My Trading Routine: http://www.mytradingroutine.com 

#StockMarket #OptionsTrading #TradingOptions
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Видео How Much Money Did I Make So Far This Quarter? - $500,000 Trading Account Update #6 (Episode 149) канала Markus Heitkoetter