How To Write Covered Calls - An Ongoing Real Case Study! Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: tuck who wrote (10702)	5/10/1999 5:09:00 PM
From: Dan Duchardt	Read Replies (1) of 14162

Good going on your paper trade! You're clearly a lot better at the actual trading than I. LOL tuck, No way you can compare paper trading to the real thing. Everybody makes money paper trading. And besides, I didn't tell anybody yet about the complete debacle I made of AOL today. I could (should?) have made over $10K of my paper money. I did make about $2K, which is a lot better than losing, and I closed the day with a fair CC position, but I managed to pick the worst time for every move I made. I stopped daytrading live last year because I was not making it. I still think I can, and will, but for the next little while I'm learning how to do it better. Hope to get back to the real thing very soon. Give yourself well deserved credit for a very fine series of trades made in the heat of battle. They can almost always be "better", especially with that 20/20 hindsight you mention, but in this case the extra you paid for rolling up was offset by the relative comfort of seeing EDFY run well past your original target ($13) before you put up your money. You are quite right about the daytraders getting into the fray today. After today's run up, a premarket gap up in the morning is likely, and then a sell off until EDFY finds solid support before rising again. I look for it at 14_1/2 where it settled this afternoon before rising into the close, or at worst above 13_1/4 where it sat today before the liftoff began around 10:45. I think your full upside to 12_1/2 is solid for a few days. Thoughts of rolling up to 15 may soon be dancing in your head. Dan

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next