In my most recent trades, I been doing spreads to protect myself. My profits are limited, but so are my lost, I'm perfectly happy with that. It's easy to read up about spreads, but it's the correct execution that is the tough part. Together with risk management / capital allocation, I will still be able to achieve 2% a month.
Strategy for capital allocation:
40% covered puts and calls
30% hold stock
30% option spreads
Will slowly allocate more to spreads once I familiarize myself with this new strategy.
For all my life, I had great friends, some come and go, most stayed. I'm 32, this is a first time I been back-stab. Sounds like teen drama eh, yea I got mine at mid-life. The level of hurt is extreme. When you trust somebody with everything, you tell the person your deepest secrets, sharing deepest secrets with each other. You spend time with the person's family and never asking for anything in return, just being really happy with the companionship. A real platonic relationship between a guy and a girl. Being there at a moment's notice without hesitation was how I felt, how real the friendship was. We meet up almost every week on weekends, and she had priority over my friends.
This friendship took a turn of the worst when that person used everything I trusted her against her own family member and me. For a few days, I wondering what was it in for her to do so. What will she gain? I really couldn't figure out. Why will she want to support an asshole and turn against her own family member? I was brought up to always be there for your family no matter how wrong they have done. Family matters MOST, no matter what. I'm still trying to figure out why, The funny part is I have always told her, family comes 1st no matter what, I believe I told her more then 10 times? I wanted to text her why she gave information against her own family is beyond my level of argument.
Well, life goes on, stay true to myself, do good, stay positive.
New article on somewhat related to the story above