09-17-2014, 07:04 AM
I look at the stock market every day and almost all day but mostly because I'm learning how everything works and not for trading.
In my IRA account I buy stocks as soon as I have $1000 available and I use market price after filtering them with my filtering rules.
For example I just bought 23 shares of O yesterday using market price of 42.66.
In my real account I sell puts for anywhere between 30 and 60 days in order to purchase the stocks that meet my entry criteria, again ignoring the market as a whole.
For example I decided to purchase DE when it was traded for 89 and after several put trades I currently have an open put with a strike of 84 about to expire this Friday.
This will get me an effective cost of 84.52 (and I'll be eligible for the next dividend) instead of a cost of 89 if I bought it when I made my decision to purchase it (DE dropped a lot more than I expected in the past 60 days!).
I have no intention to sell either of those companies regardless of their price.
My only consideration is the dividend and as long as it isn't being reduced I'm sticking with it regardless of what the market does.
In my IRA account I buy stocks as soon as I have $1000 available and I use market price after filtering them with my filtering rules.
For example I just bought 23 shares of O yesterday using market price of 42.66.
In my real account I sell puts for anywhere between 30 and 60 days in order to purchase the stocks that meet my entry criteria, again ignoring the market as a whole.
For example I decided to purchase DE when it was traded for 89 and after several put trades I currently have an open put with a strike of 84 about to expire this Friday.
This will get me an effective cost of 84.52 (and I'll be eligible for the next dividend) instead of a cost of 89 if I bought it when I made my decision to purchase it (DE dropped a lot more than I expected in the past 60 days!).
I have no intention to sell either of those companies regardless of their price.
My only consideration is the dividend and as long as it isn't being reduced I'm sticking with it regardless of what the market does.