Zero To Hero Challenge Ep 22: Time Waits For No Man

Risk is the price you pay for opportunity. Always remember that because without risk there is no reward either.

To be results oriented, in hindsight one could say that we all made grave mistakes along the way. Being overly confident on a recovery bounce, eventually. But it hasn't really materialized now has it. So we sit here and twiddle our thumbs watching the time tick by.

Every day still feels like an eternity as the market continues its endless churning and chopping. Relentlessly destroying hopes and dreams with each passing hour. Very few stocks have begun to recover if at all... many are either failing altogether or consolidating into larger business acquisitions and mergers.

Some have decided to split up their operations like BBIG and TYDE or rebrand like XL Fleet just did by changing to Spruce Power (SPRU). Times are changing fast and you have to keep up with the information from all angles.

Today in the stock market I sold 5 contracts against $BBIG to collect $8 each for a total of $40 in premiums. Leaving this in cash for now until I spot a great opportunity or place to invest this cash.

I had thought about buying more BBIG shares right away but it might he best to hold off for now. At least a few days from now I can have a clear direction of which way the market momentum will shift. Then I will put this money to work in something.

Here is an overview of what I did today:

These contracts expire in about a month so time to sit on my hands and watch the clock tick by until something happens.