{"id":5197,"date":"2019-07-11T11:59:03","date_gmt":"2019-07-11T15:59:03","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=5197"},"modified":"2019-07-15T18:43:48","modified_gmt":"2019-07-15T22:43:48","slug":"sold-100-shares-of-paypal","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=5197","title":{"rendered":"Sold 100 Shares of PayPal"},"content":{"rendered":"<p>Way back on August 23rd, 2017 I bought 100 shares of PayPal (PYPL). I just sold these shares. I still really like the company so let me explain why I sold.<\/p>\n<p>The last few years, while coaching basketball, my trading slowed a bit because of time dedicated to coaching. While coaching, with my trading curtailed, I bought many stocks I believed in so my account would continue to growing. I built what I called my little personal mutual fund. All the stocks I bought were in 100 shares lots. PYPL was one of these stocks. I bought 100 shares of PYPL on 8\/23\/17 for $60 per share. Today I sold these shares for $120 per shares. I doubled my money in less than 2 years! I invested $6000 on 8\/23\/17 and today I sold these shares for $12,000.<\/p>\n<h4 style=\"text-align: center;\">8\/23\/17 \u2013 Buy 100 Shares PYPL @ $60.00<\/h4>\n<h4 style=\"text-align: center;\">7\/11\/19 \u2013 Sell 100 Shares PYPL @ $120.00<\/h4>\n<h4 style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>Profit +$$6000<\/strong><\/span><\/h4>\n<p>The question remains, if I still really like PYPL and the market is still moving, why did I sell?<\/p>\n<p>The bottom line is I\u2019m an options trader! I\u2019m not a \u201cbuy and hold\u201d type of guy. However, I still want to make money! What to do?<\/p>\n<p>At the end of this past basketball season I resigned from my basketball coaching position. I still love coaching, and might return some day, but this position was just not a right fit for me. While on sabbatical from coaching basketball I will continue coaching options trading. And I will have much more time!<\/p>\n<p>Now that I\u2019ll be the Options Coach full time I must free up funds to do so. Slowly but surely I\u2019m doing this by selling off my personal mutual fund. Some of these shares are in my trading account and some are in my Gift account. Don\u2019t worry I\u2019m not abandoning my gift account. I will always take care of my younger family members! Some stocks that I believe in for long term growth I will keep. As I dump stock, and also add other stocks to the gift account, \u00a0I\u2019ll be posting. Some of the stocks I use for long term positions are Facebook, Walmart, Microsoft and Apple, among others.<\/p>\n<p>Now that I\u2019m out of PYPL, how will I continue to make money with this great company, in a great sector? I\u2019m going to make a similar move with PYPL that a made with Netflix (NFLX). Please go to this link and read, <a href=\"http:\/\/www.mainstbeatswallst.com\/?page_id=5145\">Back in Netflix<\/a>. Not to get too much into that deal, you can read the page for that, but, I sold 100 shares of NFLX and brought in $36,800. Then I bought a LEAP for $13,350. I will continue to benefit the same amount (even more) when NFLX goes up and I have a lot more money in my account to trade with. I\u2019m gonna do the same with PYPL. When the time is right, within the next few days I\u2019ll be buying a LEAP on PYPL. A LEAP is a long term option. I\u2019ll post as soon as I get into that position. I\u2019ll watch the stock for a bit to see if it\u2019s gonna pull back, but I\u2019ll be buying 5 contracts to expire in June of 2020. I will continue to make money if PYPL goes up! Owning these Calls will cost me less than I brought in with the stock sale, so I\u2019ll have a few more bucks to trade with.<\/p>\n<p>I\u2019ll be writing more about buying options very soon. I know I concentrate on Selling options but with the market going up, and having the knowledge of the options game, there\u2019s a lot of money to be made buying options. If educated, I believe you must use it to it\u2019s fullest. And buying options is part of the option\u2019s game. Buying options is an area to be very, very careful so I\u2019ll be writing very soon.<\/p>\n<p>Any questions? Email me!<\/p>\n<p>Steve<\/p>\n<p><em>The Options Coach<\/em><\/p>\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Way back on August 23rd, 2017 I bought 100 shares of PayPal (PYPL). I just sold these shares. I still really like the company so let me explain why I sold. The last few years, while coaching basketball, my trading slowed a bit because of time dedicated to coaching. While coaching, with my trading curtailed, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[1],"tags":[],"class_list":["post-5197","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75MP0-1lP","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/5197","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5197"}],"version-history":[{"count":2,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/5197\/revisions"}],"predecessor-version":[{"id":5260,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/5197\/revisions\/5260"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5197"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5197"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5197"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}