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Strategies & Market Trends : The Final Frontier - Online Remote Trading
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To: Sniper who wrote (993)11/16/1997 3:59:00 PM
From: William H Huebl   of 12617
 
Hi Snipe,

We are in a different league... INTERDAY for me, not intraday! For example, my 3 picks are PG, IOM and BUD for calls tomorrow... short term moves to be over by Thursday.

I have learned through tens of thousands of dollar losses that you pick an option with some volume and a risk reward of 1:16 with a certaintude (if there is such a thing or word) of > 85% and you can make money. Maybe "track record" would be a better word substitution for certaintude.

But I frequently DO use a limit order to get in and sometimes a limit to get out. It just depends on how fast the markets are.

See my post to Joan on what I use to check the markets. I use my ProFormer series indicators and the new DTI (Blau, again) indicators to pick the option stock.

Regards,

Bill
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