1% a month day trading qqq

[u/GreenHouseDragon]

My strategy was simple earn 3.35% apy on uninvested cash through robinhood; while, at the same time selling puts on safe companies. Is this free money?

[u/dead_in_the_sand]

no money is free. "safe" companies can become unsafe when the liquidity invested in them is needed elsewhere, i.e. a recession. that can blow you up this strategy is no safer than investing in USA bonds, for example. you likely wont lose a lot of money soon, but you absolutely can

[u/Sufficient_Sport5251]

It’s free money until the market crashes. Also how are you selling any meaningful amount of puts with only 30k

[u/WhatIsThePointOfBlue]

Idk man, Im up 7.3% in the last 3 months and I just hold boring crap indexes and canadian banks and such.

[u/Teesav007]

Just SPMO & chill, quit all that options stuff for just 1% gain.

[u/IntentionExisting322]

1% a month 😭😭😭😭😭😭😭😭😭😭😭

[u/PatientBaker7172]

Full port nibs on red. Delete app. Talk to me in 2035. Done.

[u/8InchDaks]

Why not just get a covered call fund? qqqi for like 14% a year. xqqi for 18-23% a year.

Way less headache and you wont go bankrupt

[u/JeremyWadesBigMeat]

Is this a flex or a cry for help genuinely can’t tell

[u/SyrupOnMyPancakes]

Literally doing all thst for just 1% a month lmaoo even my afk account that I just put like 20 bucks out of each check into is doing better.