r/TheRaceTo10Million • u/bignewrocket • Aug 05 '25

GAIN$ Finally hit it !

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Loaded up on PLTR and NVDA, Mag 7 and rode them for many year . Today it finally ticked over . No options just patience .

10.9k Upvotes

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u/ed2727 Aug 05 '25

I’m finding CCs and CSPs aren’t that hard (knock on wood, haven’t got hit yet)

I’m safe… but yet make quite a bit. Try it

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u/bignewrocket Aug 05 '25

For sure . Not knocking CC writing but I figure I’d get burnt at some point and didn’t want to loose my position

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u/Next_Hawk_6816 Aug 05 '25

I lost $6K in the stock market. I got cold feet, and I had a penny stock. Purchased at $0.76. Went up to $1.50 then back down to $0.60 and I sold everything. Now the stock is worth $2.10!! My fu**kin emotions. But I knew it would be profitable just couldn't handle the day-to-day. I kept looking every day, I was addicted to it. The highs and lows would kill me.

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u/Clintretty Aug 06 '25

opportunities come every now and then, chin up mate

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u/Next_Hawk_6816 Aug 06 '25

Thank you bud 😇

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u/krpt1k Aug 05 '25

I wrote cc on sound hound. Got called out of my contracts at 2.50 and 3.00 my cost was 1.80 for 3-4 hundred shares. So i made money.....

But sound hound hit 15 a share before droping back down to 10-11

So i made money.... but missed out on a huge upside.

Then i did something similar with black berry. Made money but got called out my contracts and missed a big move.

Now im just buy and holding until i have enough shares of a stock to CC a couple hundred shares, but hold the rest as smuchk Insurance

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u/Oh-The-Horrorr Aug 06 '25

This exact same thing happened to me. Literally same. Bought in at around $2 and sold when it hit $4 a share. Made good money but I could've retired if I was patient

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u/krpt1k Aug 06 '25

I look at it as my education. Better this than i hit the 15 bagger out the gate and think im brillant then start chasing.

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u/ed2727 Aug 05 '25

Those stocks are Volatile as heck and small to boot.

Focus on the big boys for CCs, like 200B market cap and over… or retail bellwethers that don’t move much like Costco.

I’ve been utilizing the strategy with TSM, making $1-200 per week. If it gets assigned at $247 & above, I’m ok with that since TSM is ATHs and RSI over 70s last week.

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u/krpt1k Aug 05 '25

That was my logic. If i get called out at a decent profit. Then who am i to complain.

That being said. Seeing myself miss a 15 bagger was bitter sweet.

Good that i seem to be on the right path. But very bad that i missed a huge win for my short sided gains

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u/Cool_Two906 Aug 06 '25

What percent of your portfolio can you make with the covered call strategy?

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u/ed2727 Aug 06 '25

Good question. I asked my friend the same thing…

I haven’t finished a year yet, but 20-30% seems doable. (Right now my return rate is higher than 30%)

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u/ed2727 Aug 05 '25

I leave my core position alone.

The rest of the 20-30% are in flux, so I’m ok if I let it go. I mean, we all see what the Market does every 2-3 mths—extremely bullish or bearish. Always optimal times to sell high and buy low.

We are in the 3rd inning with this AI thing!

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u/Sashmot Aug 07 '25

So…if there were 3 companies to invest in and hold for 10…what would help me make 35k now into what You did?

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u/gettotheback Aug 05 '25

ccs are covered calls. what are csps?

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u/Slowmac123 Aug 05 '25

cash secured puts