ZSG Trading Blog

I’ve been a little hesitant this week about making trades mainly because of the Earning and Fed Reserve board is going to meet. If I were profitable in my trades right now, I would get out of them ahead of everything.

I put some more money in my account so that I would have some buying power as my April has been Horrible with a capital “Terrible”. In March, I was enjoying having profit on my side, now I have to rebuild what I lost. I learned some lessons and am finding myself catching them setting myself up to make the same ones… Ugh.

I bought 10 shares of RIMM. I know big purchase. But one of the things that I didn’t do this past month was Manage my risk. So, I am bullish on RIMM and want to own it. I would rather have the options, but I don’t want it to turn against me, thus, I risk less (and gain less) with the stock at this point. If I could find a $20 or so stock that I could sell covered calls, I would do that.

So, maybe it’s time to look.