The Lewis Family Investing Rules

Stragegy

  • Practice intermediate term trading on the stock market though 2010
  • Keep an eye out for covered call opportunities but focus on developing a portfolio that is large enough to support trading more expensive stocks

Limits

  • Never risk more than 2% of our total portfolio on a single position
  • Never put more than 10% of the total portfolio in a single position

To-do list

  1. Transfer IRA to TD Ameritrade and convert to a Roth IRA
  2. Use Investools to evaluate all currently held positions and either get out or set appropriate stop orders
  3. Evaluate all available securities in Daniel’s 401k using 5-year charts and reallocate as needed
  4. Read Think and Grow Rich and Trading for a Living
  5. Work through the Investools Investing Foundation Course
  6. Start exploring options tactics in a paperMoney account