Hi Joel "Lurking" Eyedoc: Nope... not good enough. I think to win. Regardless of what this market does, I will win. Consequently, whether that old adage you elude to happens, I will still prevail. I believe that with absolute confidence. That may be pie in the sky talk but if one doesn't think that way, they have no business in this dangerous market and especially investing in options the way I do.
You just have to play it smart, Joel. Can't get rattled. Preserve capital is rule 1. Especially with options since they are so risky. However, if you employ good strategy, even if the market turns, you can survive. Heck, if the bears show up, buy puts. That's what I did last spring trading QQQ. Made money when others were losing.
You've heard me say this before, and that is...I'm not worried one bit. Really not. I'll make money going up and can make it going down.
Like I've said, I believe we will have a run on 5000 by year end. I could be wrong, and yes, it is a stretch, but I'll bet everyone last year couldn't believe the Naz went up like it did. I posted some stats on that the other day in fact.
Anyway, hang tough Dude. You're smart to play it safe and cautious until you feel otherwise.
Have a great Sunday.
RR |
