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Oh, so what I am doing actually has a name? I reinvented "The Wheel"? That's hilarious! It figures. A downside to what I have been doing: 1) Not selling far enough OTM on stocks that have positive news announcements mid-week. This happened to me recently on NIO. Yes, I made a good premium...

LOL I didn't even post my strategy. I am so sorry, coffee hasn't kicked in yet: 1) I only go long on stocks that pay a strong dividend. I call these my "old man" stocks. I only have a few, for protection. I don't care what the share price is, as long as they are stable and no chance of having...

I have been trading options for about 5 months now. I am not new to investing, as I have been doing it for over 25 years. But I am new to TRADING and I understand that is an entirely different thing. I would like to be critiqued on my strategy (or lack there of) by the more experienced people...

What does "scale" mean in this instance? I can only deposit 7k a year into my Roth which is terrible.

Yes, which is why I must open my Roth this year at 54 so I can withdraw at 59 1/2. Some people tell me to roll into a standard IRA but if I do that I cannot access the money at 59 1/2 and there will be required distributions later. I do not want to be told what to do with my own money. The...

I am 54 years old and going to open a Roth IRA before the end of this year. The plan is to retire at 55 and then roll my tax deferred 401K into the Roth and then trade with that (I know that will trigger taxes on the rollover but I do believe taxes will be much higher if I wait longer). I...