I spent a few days in California, and I realized a few things:
Trading on the West Coast is BRUTAL!
On the West Coast, markets open at 6:30am.
I like to be ready and in front of my computer 15 min before the markets open.
That’s 6:15am!
And in order to be (somewhat) awake at 6:15am, I need to wake up at 5:30am.
Yes, you can read that again: 5:30am!
The sun is not even up at that time. It’s pitch dark.
Starbucks is still closed – it opens at 6:00am.
I have no clue how you guys on the West Coast do this. I’m glad to be back in Austin where I can wake up at 7:30am. That’s much better!
Another thing I have learned:
I can trade blindfolded!
Well…. kinda… here’s what happened:
I didn’t have internet on my flight back.
But somehow – around 17,000 feet in the air – I was able to receive a text message.
It’s from Mark
… and just like that, I made $1,600 in premium. 🙂
I didn’t have to look at the charts.
Because I have a plan and KNOW what I need to do with my positions.
I own 2,000 shares of Budweiser (BUD) at 54 per share.
So I can sell either 54 or 55 calls against it.
The minimum premium I want is 30% annualized.
Both options fit my criteria but I decided to go for “max premium”.
Easy enough!
If you would like to know how exactly I do this, then check out My Trading Routine.
In this video, I show you my exact trading routine and how I trade the markets.
Alright, gotta feed the deer now <= That’s a story for another time!