One good thing this week: I closed out the SPX trade I had on with the short 3000 call for a profit before the latest crazy up move:
The two SPX trades I have on now are short the 3050 and 3060 calls a couple of weeks from now, which should be safe ...
On to today's topic: retirement on $150,000. My example account had a bit over $14000 in it as of 6/23/2019, so let's use that and assume 10x of a balance in that account ... $14433.06 -> $144330.60 ... then at the close Friday, balance was $15421.78 -> $154217.80 ... up 6.4%, or not quite $10000 in your theoretical retirement account ... in the last 3 weeks.
Full disclosure: it won't be quite 10X as you have to pay more commissions with a bigger account ... but not much more with the brokerages I know of. Commission prices have crashed in recent years, so a frequent trading strategy is feasible in a way it wasn't before.
I am looking for one or two people willing to try this, with around $150,000 to $200,000 to start ... I will trade such an account for 5 years with no charge just to use as a demo account for some advertising I'm doing.
Take a look at the page here for details and contact information.
Thanks and have a good week! (Enjoy the unrelated dog photo!)
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