Starting amount for the portfolio is $5,000 – that should be the minimum for a beginner in my opinion.
I wanted this portfolio to be from the first of the year. since we are 2 weeks passed that, I have to take some shortcuts. I am going to cheat and use my trade from 12/30/2020 as my first trade for this portfolio.
Beginner portfolio has been added to menu bar on top. There is going to be some changes on it as I am still trying to figure out the best way to show it. Right now I am thinking 1 table for each position and 1 chart to track portfolio total.
- Make 10% ($500) for the year overall
- Create “Monthly Income”
- Introduce new concepts when things go wrong
- Take profit at 50%
- If a put option is sold for $100. Plan is to buy it back for $50 instead of waiting till the expiration date.