there is a time and place for every strategy...the "mother hens" have not lived through a full market cycle..
You know, besides not pulling out of the market soon enough during the recent downturn, my biggest adjustment has been figuring out how and when to make use of other strategies than my favorites - spreads and covered calls.
So, as you say, there is a time and place for all strategies, and I have incorporatated many things that I have learned from you and others into what I am doing now, and I am appreciative for the sharing of knowledge. Because of this "cycle", however small, I see much more clearly the accuracy of your statement.
As I said yesterday, even though I now have the highest level of option approval, I am mostly sitting on my hands now because this market gives me no good sense of direction.
Best,
Jeff Smith |
