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Pastimes : Tidbits

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To: Didi who wrote (1013)11/9/2000 1:55:21 PM
From: Clappy   of 1115
 
doing okay with your options?

Not yet...

I still have a lot of learning to do.
I'm just testing the water with options.

I'm holding a few contacts in PMCS, PWER, LHSP, and AAPL.
It's a very tiny portion of my portfolio.
For the most part they are recent purchases and out a few months.

I started with a small amount of money and hopefully I won't have to add to it. I'd prefer to build up this options account without having to sink more and more money into it.

I'm basically trying to use short term trades, according to TA.
In addition, I've been trying to capitalize on over-reactions in stock price.

I also promised myself that I would not buy calls on an up day. I'm learning that it's a completely different ball game.

I have a lot to learn in respect to IV and deltas and all those other tricks to the trade...

For now, I'm just trying to build up a solid base in my account to trade from.

I have a long way to go.

-Clappy

P.S. Thanks for pointing out that H&S formation. I'll keep an eye on it. Extended the neckline out near 54ish.
Perhaps I'll dump it if it get close to that target.
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