Free resources for the stock market

Every new trader in the stock market must wade through a myriad of tools, platforms, and websites that claim to have the best stock market research around. Some are free, some are not, and some cost so much that they eat into plenty of your profits. This post rounds up all of the best research options out there that you can have for free (or almost free). I鈥檓 sure I missed a few, but these are the ones I rely on most often....

2021-04-22 路 5 min 路 Major Hayden

Selling options made simpler

馃 This is another post in a set of posts on options trading. If you are new to options trading, you may want to start with some of my earlier posts. After writing my original blog post about selling options contracts in the stock market, I received some feedback saying that the post jumped over too many steps and used too much terminology. I went back, re-read the post, and found lots of room for improvement....

2021-03-17 路 6 min 路 Major Hayden

Monitor a UPS with a Raspberry Pi Zero W

After the recent snow apocalypse that swept through Texas followed by widespread power crisis, I realized that my UPS monitoring strategy needed improvement. One had batteries that were near death and my other two had loads that were not well balanced. I have a few CyberPower UPS units and an old APC UPS. Although CyberPower does offer relatively expensive monitoring cards that puts the UPS on the local network, none of them worked with my 1350/1500VA units....

2021-03-15 路 6 min 路 Major Hayden

Defending losing options trades

馃 This is another post in a set of posts on options trading. If you are new to options trading, you may want to start with some of my earlier posts. You did your research. You waited for a good time to sell a put option. You received a decent premium for your option trade. Now your trade has turned into a loss. What can you do now?...

2021-02-10 路 6 min 路 Major Hayden

Which stock broker should you use?

馃 This is another post in a set of posts on options trading. If you are new to options trading, you may want to start with some of my earlier posts. One of my sports coaches in high school used to say: 鈥淚t鈥檚 not the tool, it鈥檚 the fool.鈥 This was his reminder that when something goes wrong in the game, it鈥檚 usually the fault of the person and not the equipment....

2021-01-24 路 10 min 路 Major Hayden

Choosing options to sell

馃 This is another post in a set of posts on options trading. If you are new to options trading, you may want to start with some of my earlier posts. You know your terminology, you know your max loss, and you are ready to start. Now you鈥檙e faced with the difficult question all new options traders face: How do I choose which option to sell? At first, you learn to look for the trades that are right for you....

2021-01-23 路 10 min 路 Major Hayden

Lessons learned from selling puts

馃 This is another post in a set of posts on options trading on the blog. If you are confused on terminology, go back and start with the first post and the series and work your way to this one. My options trading journey started back in September 2020 and I learned a lot in a short amount of time. This post covers some of the lessons I鈥檝e learned along the way....

2021-01-04 路 10 min 路 Major Hayden

Know your max loss

This is the third post in a series of posts on options trading. You can read this one out of order since it applies to almost everything you do in the stock market, including buying shares of stock. What is 鈥渕ax loss鈥 The maximum loss on a trade is the worst outcome possible. Knowing this number helps you protect your account from huge losses and avoids terrible situations such as margin calls....

2020-12-09 路 7 min 路 Major Hayden

The Dark Side: Selling Options

I鈥檝e started a series of posts on options trading and if you haven鈥檛 read yesterdays post, Options trading introduction, you should start there first. Recap: Buying calls and puts Just to recap the introductory post: Buying a call gives you the right to buy a stock at a certain strike price Buying a put gives you the right to sell a stock at a certain strike price Buying calls is a great way to capture gains from a stock that is trending upwards an buying puts provides an insurance policy in case your stock drops....

2020-12-07 路 9 min 路 Major Hayden

Options trading introduction

I鈥檓 always on the hunt for new things to learn and one of my newer interests is around trading options on the stock market. Much like technology, it becomes much easier to understand when you peel back the layers of archaic terminology, snake oil salespeople, and debunked data. Stay tuned for additional posts that go into greater detail. This post covers the basics about what an option is (and is not) and how you can compare it to other investment vehicles, like stocks....

2020-12-06 路 8 min 路 Major Hayden