OT Wow, are you saying you quit your day job to trade stocks?
Yep! :-) :-) 20 years in as a programmer, but was averaging 3-4 times that income from June thru mid-October (despite some silly mistakes), and this last couple months' rally (plus QCOM) made it silly to keep working.
I split off 80% into long term investments like NTAP and SEBL and some bought-on-the-dip LEAPs. Got enough there to live off of margin, without significant risk during a market correction and without limiting growth prospects much.
The other 20%, short and intermediate term trading, and some options. Like last Friday, picked up a basket of AAA-rated BtoB's, figure y2k rally so sell them maybe late Feb for 50-75%. If I get caught in a correction, no sweat, just sit on them. Probably will buy a few modestly-OTM NTAP Feb options if the stock pulls back this week. Playing COMS July options for the Palm IPO enthusiasm. Etc. The IRS is going to love me!
From here, it looks like a fun life.
- Dway |
