01-11-2023, 10:29 AM
My goal for 2023 is to earn 5% every week. How realistic is this?
<!-- SC_OFF --><div class="md"><p>So my goal is to deposit $4-6,000 every month (half biweekly), while earning 5% week over week on the market. Mainly through concentrated stocks and some option plays that take into consideration volatility (fast moves in directions I want) and theta (covered calls, diagonal puts). And to close fridays selling otm puts or buying deep itm calls to earn a few dollars here and there. </p> <p>Example jan 9 near the peak of spy, I bought these. The rational being if spy were to move up, I would still profit handsomely, unless it did some bullshit like 5%+ in 2 days and kept going.</p> <p>Short Jan 13 400p / Long jan 17 402p @ 1.70</p> <p>Short Jan 13 398p / Long Jan 17 400p @ 167</p> <p>Sold everything for about 1.91 and 1.85. After fees I was at 4.19% more or less.</p> <p>Today Jan 10, I’m at 1.50% on affirm. </p> <p>Goal is to earn about $200k this year by compounding the cash.</p> <p>How realistic is this goal?</p> <p>YTD so far I’m up 8%</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Henry1502inc"> /u/Henry1502inc </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/108g7m5/my_goal_for_2023_is_to_earn_5_every_week_how/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/108g7m5/my_goal_for_2023_is_to_earn_5_every_week_how/">[comments]</a></span>
<!-- SC_OFF --><div class="md"><p>So my goal is to deposit $4-6,000 every month (half biweekly), while earning 5% week over week on the market. Mainly through concentrated stocks and some option plays that take into consideration volatility (fast moves in directions I want) and theta (covered calls, diagonal puts). And to close fridays selling otm puts or buying deep itm calls to earn a few dollars here and there. </p> <p>Example jan 9 near the peak of spy, I bought these. The rational being if spy were to move up, I would still profit handsomely, unless it did some bullshit like 5%+ in 2 days and kept going.</p> <p>Short Jan 13 400p / Long jan 17 402p @ 1.70</p> <p>Short Jan 13 398p / Long Jan 17 400p @ 167</p> <p>Sold everything for about 1.91 and 1.85. After fees I was at 4.19% more or less.</p> <p>Today Jan 10, I’m at 1.50% on affirm. </p> <p>Goal is to earn about $200k this year by compounding the cash.</p> <p>How realistic is this goal?</p> <p>YTD so far I’m up 8%</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Henry1502inc"> /u/Henry1502inc </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/108g7m5/my_goal_for_2023_is_to_earn_5_every_week_how/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/108g7m5/my_goal_for_2023_is_to_earn_5_every_week_how/">[comments]</a></span>