Thats the deal as I understand it.
I have been self taught with all investing...I have discussed option strategies at length with a growing circle of friends here in Orlando and usually speak or e-mail 5-6 friends per day that trade options (outside of the boards).
I have largely broken all of the rules because they don't make sense to me. I sell puts more then 30 days out (gasp), I sell calls more then 30 days out (gasp, gasp), I have a concentrated portfolios (gasp, gasp, gasp), I have never read an annual report (the horror), I wouldn't recognize a financial statement if it hit me in the head never mind read one. I don't diversify, I hate bonds, I intensely dislike most brokers, and I will dump my entire portfolio in a heartbeat for a large macro event. I pay alot of taxes. I have obeyed the prime directive PROTECT CAPITAL. I take big sector bets. It works. Also the worse crime of all - MY BEST SOURCE OF INFORMATION ARE MESSAGE BOARDS like this. Thanks to everyone, the silicon investor boards are GREAT! |
