The Million Dollar Covered Call Challenge
You’d love to make a million dollars from the stock market, right?
Who wouldn’t? Well, I’m going to try to do it.
[time-restrict off=”2017/03/21 10:00:00″]Starting with just $1,000.[/time-restrict]
[time-restrict on=”2017/03/21 10:00:00″]Starting with…TBD?[/time-restrict]
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[time-restrict off=”2017/02/21 10:00:00″]Next update February 21, 2017. Your email keeps you up to date. Read the latest below.[/time-restrict]
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[time-restrict on=”2017/03/21 10:00:00″]Next update on ???. Your email keeps you up to date. Read the latest down below.[/time-restrict]
Here’s how it’ll work. Using only covered calls and cash secured puts, I’ll attempt to turn $1,000 into $1 million. All trades will be done with a virtual account. Yes, it will be paper trading. Why?
The main reason is that this will take quite some time to accomplish. I want to keep this account active and never withdraw any money. Any profits will be reinvested back into the account.
Every month I’ll update the trades and the resulting balance of the account. I’d love to hear your thoughts and trades.