(We continue ‘The Sharpe Income‘ Project from the previous entry)
We are doing well as of late. We still have a few weeks to go, but it looks like it’s going to be a good year of performance for The Sharpe Income project.
Let’s take this time, to say that in the future we are going to consider this account as having applied for, and being approved for … margin privileges. This will allow us to use a small amount of leverage in the future.
No. I have no immediate plans to leverage any positions.
But at a certain times I do use leverage. Responsibly. Unless I am intra-day trading futures …. I rarely leverage myself over 1.3 to 1.
But when I want such privileges available, I‘ll want to make sure it is present. And we have not yet specified this project as a “margin” project. Therefore we are doing so now. Margin privileges are something that all individual traders must apply for. So we’re just saying, in the here and now … we’re considering this project as a ‘margin’ account, able to purchase more in stock, than cash is present in the account.
Other than that small detail … we’ll simply continue grinding our way forward …
(We will continue the free ‘Sharpe Income‘ Project in this next entry)