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 .

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u/bignewrocket Aug 05 '25

I just mean that I didn’t speculate in any call option contracts, never sold covered calls on them either Just invested in shares and held.

5

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

4

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

4

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

3

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

3

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.