Monday, July 30, 2018

Volatility?


Who knew the stock market was volatile? My portfolio went down $496.51 today. I don't use the term "I lost" $496.51 because I didn't sell any of my positions. You only lose money if you sell for lower than what you bought it for.

My portfolio is having much larger swings, both positive and negative, due to having "options". Options are different than just owning stocks. Here's a video from SkyView Trading on what options are - https://www.youtube.com/watch?v=joJ8mbwuYW8

My hope is that my options go back up in value, I will sell the options, and go back to buying dividend stocks.

Tomorrow, I will post the 2nd video for making a budget.

Thanks for reading.

Signed,

Mitch

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