Digital Assets' Income Report Review Oct 2020
(full history @ https://verticaltemplate.com/blogs/news/income-report)
Set 2021 goal to hit 400k overall monthly views by end 2021, around 20x from the current.
First profitable month because of fewer local writers during this period (school re-opened) and think ads rates seem going up. This will drop as the need to invest more writers to hit 20x content to hit 400k views by 2021.
Plan to donate or set up funds giving $1 per article written by local writers (inspired by UX Collective). Added as part of ultimate goals to give back to the community
New interview questions for interested local writers and added a post to list local meaningful organizations (e.g. interesting to learn about Hagar)
Probably $80+ for 2020 to give back. Maybe just donate for now (relying on government matching)
For the longer-term, consider how to maximize giving back with organization meaningful, e.g. creating a promotional video about the non-profit to increase awareness
Tried simple email listing with Klaviyo and nothing meaningful though, need to rethink of more automated way probably SendFox which can auto send weekly updates.
Tried LinkedIn with Zapier for related blogs (maybe create sub-accounts as limited to 5 zaps in free, FB, LinkedIn)
Signed up for InVideo via AppSumo but realized no automated text to speech so ended up canceling. Will continue this as a side-side hustle in Youtube blog-to-video content. Read review on InVideo.
Investing Performance for October 2020
(more @ https://starttrades.com/pages/performance)
Max Loss: $228,468.59 (as using a margin account, must not exceed my other investments)
Current Value (ignore naked puts and spreads, assume long call options expire today, with no time value): $149,006.77
Realized Gain/Loss: $4,856.31
Removed the full trade history here as it was ugly and I don't think it is meaningful to anyone (just track me on Twitter if interested to see trades)
Cheated from my DCA plans to check stock daily because the US election just makes the market feel more volatile and opportunistic to me.
Reviewed my positions and my big winners are options (e.g. $NET almost 9x but I put in $300 only due to lack of conviction. $SE options at later stage got 3x compared to my stock 2x even though invested much earlier). I still got other investments like $BTC and will retain stocks like $TSLA and $SE to buffer options play (maybe keep some call options when expired too).
Decided to go more into options in stocks I am bullish about (leveraged directional play with risks of losing everything if strike price not met)
Did 6 trades in October
Exited $FB stock as I just don't like Facebook personally (making human unproductive similar to effects of TV addiction) and think I can live without investing in them. I still loved them as an investment but nay.
Did naked puts of $TSLA as I don't think they will falter too much moving forward (had a recall in China which I thought market will react negatively but didn't)
Also bought more $TSLA in early Oct (the stock are so expensive)
Bought $SE options (in hindsight, the strike price of $160 in Jan’21 might be a bit risky but will monitor which is easier if you only have few stocks)
Bought longer-term $SQ options (as part of replacing my $FB stock). I think they are already entrenched in $BTC which should continue to benefit from $BTC growth
Bought $U options. I placed a price I didn't think will match and fell asleep. The next morning I got it and the price went up slightly too.
Did a JS calculator/bookmarklet to help me decide which long call options to buy using BarChart data, with an editor to match existing IBKR ask prices
Did a better calculator of my current portfolio using current stock price and for a long call, I assume the value of options based on the current stock price and if it expired today (i.e. no time value). However, not sure how to value my naked put or spreads so just keep them as zero first.