Depends on your style of investing, risk, time horizon and all that stuff, Keith, like has been explained to you many times. I tell ya, I almost hate to say it since you and others have lost recently, but I've made money in this mess. One position in EXTR returned 55% in 3 days while I was gone on my trip two weeks ago, and I never even saw a screen. Didn't even have TV where I was, but I stuck with my plan and executed over the phone to my broker while on a sailboat. Didn't think twice about doing it. I am disciplined to my plan and I execute without hestitation.
Last week, did the same thing again on another EXTR option, 46% return in two days. It can be done. I play the volatility. I've explained that before. I don't go for the home run, just a bit here and there and take those profits over and over and over again. Some of these swings have been huge, so I don't have to be perfect with my timing in what I do.
That is an example with EXTR. I am churning my option positions rapidly. Like I posted last night, am doing it with several stocks, all are my core positions that I know well with regard to movement. I don't have a huge radar screen. I keep it so simple it is funny sometimes. Hell, I ought to write a book.
I have my style down and it works for me. High risk, dangerous as hell, would not recommend it to anyone, and has taken me years to get here. But, I don't fear this market one damn bit. Attitude is also a big factor.
I think your style is different, so it would not be fair to compare per se. Remember, I do only options.
RR |
