Invest in stocks that have high earnings beat or miss and hold them for a short term to several months using call or put options. Also use covered calls to make income on my current holdings. I also invest in biotech stocks.
I've been an options trader for 3 years now with 2 accounts. Still learning every day. Options are an excellent way to earn extra residual income outside of your job. Also CEO of GreenRush Media LLC, investing heavy into the cannabis industry.
Moderator for a day/swing trading chatroom. Become an educated, self sufficient master of risk. Real time education, trades, alerts and results at Swing Trade Warrior! Follow us on TWTR and Instagram @SwingWarrior
SwingVector, a Trade Action Thesis Conformation Tool, correlates with Fibonacci & Elliot Wave Forecasts. Inflection Points, Candle Stick H/L Amplitude, PPS Probability Distribution Number Sets, and Trade Action Alerts, are for Entertainment Only.
Turned 10k into 1/2 million in 2 yrs!
I consider myself a day/swing trader; however, I also maintain a separate portfolio with long term holdings which I add to when good opportunities present themselves.
--Take profits daily!
Cut capital gains tax rate to below 1% pa with Qualified Electing Fund (called QEF by IRS). Mitt Romney filed 10 form 8621 for his 10 QEFs in 2010. Must be something http://tomazz1.wordpress.com/2014/03/08/tax-planning-for-pfics-and-cfcs-and-fatca/