so, I've got a few questions (Canadian citizen here)
a) is it feasable - I mean, starting off with 500$ worth of stocks, selling 1/10th of options (maybe) or just stacking up until 100 - apps/brokers that allow you do start super small
b) buying low price stocks with great potential until you reach 100 to start selling contract(s) .. contracts xD .. one put at the time
c) what would be your best platform to register with, keeping in mind I'm Canadian and do not have access to all the fancy USA apps
goals are :
make steady tiny cash while feeding the account daily for about 1000$ USD a month ; build a position with stocks I have faith in (2-3 of them) .. at 2-6$ price range.
eventually, start buying puts / selling covered calls for short DTE, and some leaps if the settings feel good ; for more % profits, increasing stocks, more movement possibility, etc., rince and repeat
thanks for your input, happy weekend!
Submitted September 07, 2024 at 12:15AM by Shao_Ling https://ift.tt/AsLhDON
