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I wholly agree! Damn it's making me tear up remembering Charlie is no more and soon Warren won't be too 😠Two of the best investing related people I ever came to know about. Imma go back and re-read the Snowball book.
If it is breaking out you can roll the sell side option out far enough that it changes to a leaps contract.
Then your short dated call overlay spread gains much faster on the upside. I buy back the sell side on the first pullback and re asses.
Then when the short dated options match or exceed the longer one I sell then buy to close. Then sell the underlying and wait for another trade.
Someone on here posted the island reversal on it. It’s a retest of 195. Could get a possible re-entry if outlook next week looks good and see 204-205. But TA is useless if 🥠decides to do something dumb this week
Maybe wait for a new dip in the coming days to come and re-buy ? If the stock reverse’s you’re forced to liquidate your positions. Or at least sell the borrowed positions before the stock market reverses . We know it will in the near future.
Congrats on the 20k for your daughter. I would encourage you to head over to r/bogleheads with those funds as I know that subreddit despises Edward Jones (for good reason) and they may have sound advice re: investing for your daughter (UTMA? 529?). Then come back here and blow your last $125 at the casino, regard.