A short update today. It was a really long day. First of all, I managed to subscribe all my tickers to my news sources so that I have easy access to their developments. So now I have instant access to news related to them on Bloomberg, the WSJ, seekingalpha and a couple others. Besides my initial ten tickers, I decided to add AAPL, GLD and TQQQ to my watch list. They seem liquid enough to be able to trade options on them. And I enjoy reading about them, so I thought ‘why not?’. I further tried to find some analyst reports on the ten tickers, like I set out on my game plan, but I could not find them. Next time I will try to find information from other sources, such as Google Scholar or my university’s database. And if that does not work out, I’ll just take a trip down the seekingalpha blog and read those in-depth analysis. Another thing that happened is that I got a message from another trader in Trader Elite, and he shared with me some nice strategies using covered calls, which I set up in my paper account at IBKR. (The interface is overwhelming sometimes!) I spent some time thinking about the strategy, and I think I get the basics of how it works; it does not seem that difficult. With time I will understand more and more the ins-and-outs of it. I also joined an "introduction call" with the guys at Option Alpha. However, I was not convinced of their methodology. They were saying that you only needed to work at it 30 min. per day, that you could do it on the side, that it did not require any effort. Etc. Etc. Well, that sounds boring. I would much rather work and study options trading for 9+ hours every day and learn a lot faster. And become better faster. And start earning money faster. Sure it takes time, but that does not mean you cannot accelerate the process. And I guess this ‘laziness’ also shows in their rate of return: they were capping it at 10% annualized. But it does not seem unrealistic to assume that you can make a lot more than that. note that I am not completely hating them… I guess there are people that only want to put only the 30 min a day, and for those people this might be a nice community. But I think I am out before getting in there. Finally, I set up a WordPress blog in which I will write some findings and notes that I experience during my learning curve. For example, these journal entries are also posted there. I feel that writing these things out, even if it’s just for an audience of one, really helps me cement the knowledge and keep me on track. The blog is bullishwolf.blogspot.com if you would be interested. All further journal entries will be posted as reply to this thread, by the way.