For the followers, I strongly recommend https://tweetdeck.twitter.com/ instead of the main twitter website, which is spam central. Tons of garbage tweets from accounts you never heard of.
Here's an article that can explain it completely: https://www.schwab.com/resource-center/insights/content/how-are-options-taxed
Here's a chart in the article for a quick explanation of the most common - covered calls: https://www.schwab.com/resource-center/insights/sites/g/files/eyrktu156/files/styles/embedded_385/public/II_0421_Adams_HowOptionsAreTaxed_700x502.jpg
If you sold a covered call then bought it back at a lower price, you still net a profit so that would be liable for capital gains. But I'm not a tax professional, so it would be good for you to consult with one. 🙂
2 links I have bookmarked for free books, if that helps anyone else. High quality PDFs, less selections than z-lib https://drive.google.com/drive/folders/1eIpH0RyJCGCQvhHZ8miP-DaGwU9bWqLb Huge selection but less quality scans. https://z-lib.org/
I messed up on the title
Understanding Price Action: practical analysis of the 5-minute time frame. Bob Volman
https://www.amazon.com/gp/product/908227860X/ref=dbs_a_def_rwt_hsch_vapi_taft_p1_i0
Hello everyone. I'm fairly new to trading and have read posts here stating how trading credit spreads with options is a good beginner strategy to grow a small account. I'm wondering if any of you are have read freeman publications books on options including this one below on credit spreads. There's a lot of bs out there and it's hard to know what are good and bad resources sometimes. Is freeman publications a good resource? Any and all feedback is appreciated 👍
Greatest American Hero!! Loved that show, growing up. Sang along with you the whole time.
The Greatest American Hero: Complete Series https://www.amazon.com/dp/B073LYWG4V/ref=cm_sw_r_cp_api_glt_i_9XX56KV02K71BDKPV3MR
Just in case you wanted to watch……
Also, love the rants. To me, they’re not rants. They’re bigger picture lessons. They’re the real “meat” of the video. So, the more rants, the better.
Thanks, again.
RTDW!
From The Day Trading Coach by Brett N. Steenbarger
I joined this journey at the beginning of the year, inspired by a reddit post about going 1K to 1MM in just a year. Then came all the meme crazes! Needless to say, I'm on the worst end of the journey, having been negative since January.
Along the way I read plenty of books, bought courses, did a coaching thing and honestly, it's all helped but one thing kept standing in the way, me.
Cue up this passage, and really the whole book, by Brett Steenbarger about trading psychology. It may sound silly, but I realized in my analysis that I would identify areas to exit a trade if it was going against me. Funny, because almost always those areas would be immediate reversals. FOMO had me get into trades though because I just couldn't miss a move!
So then I thought, well, what if I just waited to buy at those areas that I thought were exits?
I've been consistently green since.
I guess the morale of my little story is, just wait for your setup. That's it. Just wait for your pitch, there's no need to get into a trade right away.