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Could you guys live with a 1.5% weekly gain in the market?

Posted on 8/2/20 at 10:08 am
Posted by LSUAlum2001
Stavro Mueller Beta
Member since Aug 2003
47119 posts
Posted on 8/2/20 at 10:08 am
Small by itself but compounded weekly is 200+% over 52 weeks.

Obviously, most would say yes based on the yearly return, but could you be disciplined enough to just do that by itself?
This post was edited on 8/2/20 at 10:13 am
Posted by bass
Member since Oct 2016
3837 posts
Posted on 8/2/20 at 10:13 am to
Ok, let’s hear the strategy
Posted by LSUAlum2001
Stavro Mueller Beta
Member since Aug 2003
47119 posts
Posted on 8/2/20 at 10:18 am to
EOW covered call strategy on weekly options.
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
35287 posts
Posted on 8/2/20 at 10:19 am to
quote:

Obviously, most would say yes based on the yearly return, but could you be disciplined enough to just do that by itself?



????

Maybe I'm reading this wrong, but seeing as most of us would be very happy with 10-12% annual gains, I would think gaining 1.5% in a week would be more than a sufficient return to stay the course.
Posted by LSUAlum2001
Stavro Mueller Beta
Member since Aug 2003
47119 posts
Posted on 8/2/20 at 10:21 am to
quote:

Maybe I'm reading this wrong, but seeing as most of us would be very happy with 10-12% annual gains, I would think gaining 1.5% in a week would be more than a sufficient return to stay the course.


They question is would you be content doing it and not become greedy as your portfolio increases and do other things?
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
35287 posts
Posted on 8/2/20 at 10:23 am to
quote:

They question is would you be content doing it and not become greedy as your portfolio increases and do other things?



I'm 100% in index mutual funds and ETFs so me personally, I'd be beyond thrilled with a average weekly gain of 1.5%

I could probably retire like 20+ years early if that was the case.
This post was edited on 8/2/20 at 10:28 am
Posted by LSUAlum2001
Stavro Mueller Beta
Member since Aug 2003
47119 posts
Posted on 8/2/20 at 10:27 am to
Working out the details on it, but the only way it doesn’t work is if there is some catastrophic market drop in the last 90 min on Friday, or Thursday when the market is closed on Friday; but you would still own the stock.

ETA: Always a downvoter from someone. Sure, investments are a risk, but if you filter your choices, the chances are success if extremely high.
This post was edited on 8/2/20 at 10:33 am
Posted by Mr Perfect
Member since Mar 2010
17836 posts
Posted on 8/2/20 at 10:33 am to
you're a complete fraud dude. you lie on football bets every year. no one going to believe you over here with 1.5% gains per week. no one
This post was edited on 8/2/20 at 10:34 am
Posted by LSUAlum2001
Stavro Mueller Beta
Member since Aug 2003
47119 posts
Posted on 8/2/20 at 10:35 am to
Hah. I don’t lie on football bets, you must be confusing me with someone else.

Posted by Mr Perfect
Member since Mar 2010
17836 posts
Posted on 8/2/20 at 10:35 am to
nope..I keep Excel file of everyone
Posted by LSUAlum2001
Stavro Mueller Beta
Member since Aug 2003
47119 posts
Posted on 8/2/20 at 10:37 am to
No you don’t.

What I have posted and what you have in your file is the same.

You’re FOS. Anyone can go search the MSB and verify my record from what was posted and what I claim.
Posted by bass
Member since Oct 2016
3837 posts
Posted on 8/2/20 at 10:40 am to
quote:

EOW covered call strategy on weekly options.


That’s a modest strategy but nothing wrong with it. I sometimes do this when my regular option plays gets too volatile or going through earnings announcements. I look for low priced, low volatility stocks such as traditional automotive (Ford, Fiat, GM) and banking.
This post was edited on 8/3/20 at 12:27 am
Posted by cgrand
HAMMOND
Member since Oct 2009
38636 posts
Posted on 8/2/20 at 10:42 am to
quote:

nope..I keep Excel file of everyone

have you ever read a book called “neurotribes”?
if you haven’t, you should
Posted by buckeye_vol
Member since Jul 2014
35236 posts
Posted on 8/2/20 at 10:46 am to
quote:

Small by itself but compounded weekly is 200+% over 52 weeks.
No it’s not. It’s about 117% annually.
This post was edited on 8/2/20 at 10:46 am
Posted by Mr Perfect
Member since Mar 2010
17836 posts
Posted on 8/2/20 at 10:48 am to
ok looks like I should. thanks for recommending
Posted by LSUAlum2001
Stavro Mueller Beta
Member since Aug 2003
47119 posts
Posted on 8/2/20 at 10:48 am to
quote:

No it’s not. It’s about 117% annually.


It is doubling your money yearly.

1.17 is 117%
This post was edited on 8/2/20 at 11:32 am
Posted by LSURussian
Member since Feb 2005
126940 posts
Posted on 8/2/20 at 10:49 am to
quote:

Could you guys live with a 1.5% weekly gain in the market?
I'd be happy with a 1.5% monthly gain.
Posted by LSUAlum2001
Stavro Mueller Beta
Member since Aug 2003
47119 posts
Posted on 8/2/20 at 10:50 am to
You can email be @gmail Russian, and I can bounce it off of you for your thoughts.
Posted by LSUtoOmaha
Nashville
Member since Apr 2004
26574 posts
Posted on 8/2/20 at 10:59 am to
You may have already done this, but you can subscribe to an Options backtesting site such as CML or Options Alpha to backtest that strategy
Posted by cgrand
HAMMOND
Member since Oct 2009
38636 posts
Posted on 8/2/20 at 11:12 am to
and CML trade machine is free for a short time longer
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