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Strategies & Market Trends : Options
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To: PAL who wrote (5711)3/28/2000 9:29:00 PM
From: Jill  Read Replies (1) of 8096
 
Very nice explanation. The reason it's so hard for most of us to do is it goes against basic human psychology: to accumulate stock, a portfolio, to "buy and hold", i.e. to "build something"--as I said, the way beavers build dams. And this is just to cut yourself loose and be free. You've got your "vehicle", you use it monthly to generate income. You have to ignore short-term panic (stocks are volatile, it could go up and then fall back and you wouldn't get called out--as soon as it goes up people get scared and buy back their calls for more, which ruins the whole point. As you said it's bat a single or double monthly. And just enjoy your life.

But who really knows how to enjoy their lives? I brought this up on the thread a while back. We like the boxes we build ourselves. La dolce vita, as ed would say.
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