Author Topic: Generating consistent passive income in excess of 10% per annual  (Read 212 times)

Offline bdsjp

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A high wining probability investing method to get a return in excess of 10% per annual, with risk identical to holding shares listed in the stock market.

Is this real? Download this kindle book in Amazon (free download, at least for today) and take a look for yourself. No harm done if you don’t think the method works but if it works for you, you now have a tool that will generate consistent income for life!

My thought on the method is that bearing a prolong bear market, the probability of making a profit using the method shared in the book is very high. It is like owing a stock that paid 1% to 2% dividend every month.

And I have to agree with what the author stated in the book, “If you have not heard about this strategy before, I can assure you that once you fully comprehend it, you will lament why you have not learn about it earlier”!

https://www.amazon.com/dp/B0992ZGG54


P.S. Pardon me if this is not the right place to post, I thought I just need to share this

Offline bdsjp

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Re: Generating consistent passive income in excess of 10% per annual
« Reply #1 on: August 25, 2021, 09:23:16 PM »
Hello L&G

I would like to share a trade that I took this week. The setups are as per listed in the kindle book (Turning The Wheel) but I choose a speculative stock instead of a fundamentally strong company. This is a stock that I don’t mind owing for speculative purposes.

The stock is SKLZ, a technology company that provides monetization services to game developers, which is listed in the NYSE.

The company recently released its earnings, which is worse than expected, and the share price dropped from $14+ and seem to find support around $10. The stock is trading at $11.10 when I entered the trade and is moving upward toward $12, which may act as a strong support if the price move above it.

With the setups and intentions defined, I have sold a cash secured put (1 contract) on SKLZ at strike $10 (9% discount to current price), expire on 1st Oct’21 (market closed) and collected a premium of $68.

By expiration date (1 Oct’21),

- If share price stays above $10, I will not be assigned the shares but will keep the $68.

- If share price drops below $10, I will get to buy 100 shares at $10 and at the same time, keep the premium of $68. Which effectively reduce my purchase cost to $9.32 per share, which is a 16% discount to current stock price. (1 options contract is 100 shares)

As this trade is intended to be a cash secured put, I have set aside $1,000/-in the trading a/c, in case I get assigned the shares.

https://i.postimg.cc/yxx606rM/SKLZ-CSP-1-Oct-2021.png

Wish everyone making money on whatever you are trading!


PS. The above post is not to promote speculating in options trading but just to show that there are other possibilities other than the traditional straight buy, hold and sell to trade a stock.

Offline Han1xnah

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Re: Generating consistent passive income in excess of 10% per annual
« Reply #2 on: September 08, 2021, 09:15:41 PM »
hi everyone!!

nice to meet you all, guys​​​​​​​ 8) 8) 8)

 
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Offline Evelyn1674

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Re: Generating consistent passive income in excess of 10% per annual
« Reply #3 on: September 22, 2021, 11:25:59 AM »
https://sharebag.my/