Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: GraceZ who wrote (36669)	11/12/2000 10:52:10 PM
From: chic_hearne	Read Replies (2) of 436258

BTW do you have an idea of the percentage of options traders are successful after say.... five years? Why does one have to be an options trader for 5 years? I think what I'm doing now is far more safe than any other strategy besides being completely out of the market all together. Dollar amount, I'm going about 3/4 poots to 1/4 calls on 10% of my money (equal contracts because I fear that 8% one day rally so I'm going a ways out of the money but it's the protection I need). No matter what, I can't lose more than 10% in one day which many Clowns believe is impossible but what I believe is going to happen some day. I wish I could be a long term value investor, but the market is not letting me. Until then, I guess I'm an options jockey.

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