Started as a swing trader, compromised capital in stocks that sank, then discovered options.

I live in Brazil. 1 US$ = 5-6 in brazilian currency. I Opened an account in a US broker, and started to swing trade with stocks, buying 5-10 of this, 20-30 of that. Gained sometimes, lost sometimes, but mostly I saw myself with money compromised in a few stocks with a super high average price, maximum unrealized loss. My swings transformed in buy and hold, but a very sad one.

Then I grew some b@lls and started learning about options. Everything changed.

Started selling CCs and saw the beauty of CSPs. Got into a crossroads: sell some of my stock with a loss to increase my CSPs or keep reducing my average price with CCs.

Did the math and a ray of light hit me: You can’t turn a swing into a buy and hold. Dump the loosers, embrace the loss and regroup.

This post is just to show that, as in life, sometimes you must reevaluate and begin from scratch.

The last three weeks got me 5K in premiums(closed positions), bought 100 shares of MU at a confortable price, and have high hopes for the future.

Admit the losses and keep moving forward. Expect no miracles. Be smart.

Sorry ‘bout the long post, I thought it was necessary.