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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: CommanderCricket who wrote (141079)	10/15/2010 12:19:45 PM
From: Bearcatbob	Read Replies (1) of 206181

"Returns? I'm happy with a goal of 2% a month and have beat that number since starting trading options. It's a full time job and requires you to completely understand the fundamentals of the stock. It's a lot of work." I agree with the Commander. 2% is a good initial target. Such returns represent a "conservative" approach to the game. It is an especially good way to start as it gives you an opportunity to learn the game - and it can usually be done with ITM (in the money calls). Once you get going you can enhance your returns in a rising market by using OTM (out of the money calls) where you can get some appreciation along with the option premiums. The book that I posted a number times (below) is an easy and a bit corny read that provides an excellent introduction to the topic. search.barnesandnoble.com I think the basic question you need to ask is - what is your objective? Mine is income from assets and to some extent - entertainment. I love making money! Bob

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