It was a busy day at MMP today as we took the Call options off the table in the Working Mans Portfolio. The QQQQ Call was not too nice too us as we lost a total of $440.00 including a $10 trade fee. However, the US Steel Call was very very nice to us as it brought in $1710.00 after trading fees. Then we turned around and bought a QQQQ PUT for $1.13 per option and bought 10 contracts for $1140.00. Leaving us with a cash total of $3028.00 which we will put some of that to work in the coming weeks as soon as we watch the market a little closer and check out some things.The MMP, Working Mans Portfolio is off to a great start. A profit of $1437 after only a few weeks. Let's hope it gets better and better.
MMP will probably add some kind of option to the portfolio in the coming weeks. There are some keys levels we are waiting for the market to break before we commit more money at this time.
Greed and Panic and two emotions we do not want to have to deal with when looking to make money in the stock market. You might consider it a golden rule, Do not get greedy and never panic. And profits will come our way.
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