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Yes, I STARTED the portfolio, not STARTED my journal. Two different unrelated events.

As I said, I can understand your problem with believing that I started the portfolio with 20,000 as I believe you think everyone is lieing. The only fact I can prove to you is that I am beating my benchmark by 11% in 13 weeks. So instead of saying I have a 20% gain YTD (which I do) I will say...

I actually said YTD, not start of journal. And I see you didn't comment on any of my other comments, such as my last update was 23,286 not the 22,110 you grabbed out of thin air.

First of all, the journal isn't ended. Second of all, if you look at my most recent update, and look at the picture attached, you will see the most recent value was 23,286..not 22,110 for someone so caught up in semantics I would have at least assumed you got this right, but I was wrong as I...

1a2b3c: All I can do is offer my answer based on my own experience. When I sell a call with my brokerage firm, my account value stays the same, I do not get any more purchasing power or leverage power, and no cash is put into my account. I have to earn the premium during the life of the...

I found this site just a couple months ago, about a week before I started my journal. As I stated in my journal I started the portfolio with the equivalent of 20k (20k is a representation of my actual dollar value in the portolio, which is significantly higher). If you can't take my word...

Fraud? I've been posting real time trades..you are bizarre man talking to you is like talking to a child. You get so caught up on semantics you miss the actual point being made. Now you are doing the most bizarre thing I've seen yet, calling me a fraud while I've been posting all my trades...

Don't worry atticus, I cant share that trade with you. I have, however, been sharing my other portfolio with real time trades which is up 20% YTD, you can use that one all you want.

You're right, I guess I should have added "at the time of sale" right before I said you're account value is not credit $100 but I thought that was implied. Shame on me.

All I stated was the moment I sell a covered call, my total account value does not increase by the premium, which is true. If you understood or read differently then I am sorry you are challenged.

Funny for you to stand there and tell me what I stated is grossly inaccurate, yet this is how my account is reflected every single time I sell a covered call. As I also said in my comment, if you know a brokerage firm that does it differently please let me know.

Such a troll, care to say what I said incorrect instead of saying stupid useless shit?

Long term gains on the UL. I initiate by selling puts.

Btw feel free to post comments on my journal. In my most recent update and attached picture you can notice I'm nearly back to my high water mark while the market is no where near recovered. I've been long and fully margined this entire downtrend, yet my solds calls have my nearly back to my...

Exactly.

Just a quick disclaimer, I actually do tons of covered calls, and consider any position I have that does not have a CC on it is being held naked :) I believe I can correctly call a price of what I believe to be a fair value for my underlying at a certain time, and sell my strikes...

PnL is showing up as if you liquidated today what would your account look like. I mean just look at it on the flip side. if you buy 100 shares of XYZ stock at $100 a share and then 2 months later it's trading at $300 a share but you still hold it, would you want your PnL to say $0 or would you...

Updates will now be completely in the uploaded picture and as you can see I continue to drive away from my index. I am now up nearly 12% from SPY since I've started this journal. Current holdings: HD MSFT M NKE Sold calls: 22 OCT 34 HD 22 OCT 27 MSFT 22 OCT 27 M 22 OCT 87.50...

I sell covered calls on my positions and use the moving averages to help me decide whether to do ITM, ATM, or OTM. Most CCs are monthly, some weekly. I use the 21 and 50, have been using the EMA as they were the defaults on my screen. Thanks for the reply.

Can someone help me understand which one to use, or the differences between the two? Thank you.