Robin :
The best advice I can give you is to buy Larry McMillian's books.
If you don't understand what Lisa said, and I see that you don't, ---- get Larry's books.
While they won't salvage you immediately, he has the best repair techinques which are relatively easy to understand and to implement.
What Pat meant, I'm sure, was that he didn't know "your" situation, not how many option contracts...... your risk tolerance, your financial situation, past profits which can make a loss less painful ,,,, etc.
Everyone here on TSO has been through what you're going through right now ...... and it IS painful.
There are lots and lots of good books out there, and as you have just seen Pat post ----- and he's been at this a looooonnnngggg time and with substantial amounts of money -----
and he's still reading and learning......
for no matter how good you get, you can always profit from reading.
McMillian just happens to be one of my favorites because it's easy to understand and very powerful repairs for a losing trade ......
Good luck .....
Regards ---- Nemer |
