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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: Jill who wrote (6306)	9/13/1999 7:37:00 PM
From: t2	Read Replies (1) of 54805

Jill, Carefull with overextending yourself in puts. I used to have the habit of "revenge" trading. That means i would double up on my bets in call options when a stock was going down. I almost lost it all about 1 1/2 years ago. Luckily for me the stock that was tanking was Microsoft back then. I was buying riskier and riskier call options while MSFT was going sideways or heading south. The only way i was able to get out of that mess was that Microsoft announced a stock split---which changed everthing for me. I guess selling puts is still somewhat safer than speculating on way out of the money calls. It gets tempting and i have struggled staying disciplined since my date with that potential disaster 1 1/2 years ago. Best of luck BTW--I am not suggesting that you are overextending yourself in puts but i just like to warn options traders since i have walked that tough road.

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