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Non-Tech : Bernie Schaeffer's - Option program
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To: .com who wrote (81)6/3/1997 10:00:00 PM
From: William H Huebl   of 203
 
Hi Scott,

I think Jerry over on the 30 day Options thread gets the higher priced service and has made mucho potatoes... but ask him.

I take the least priced spread and got two years with the cassette tape etc... $149... great buy - I am not sorry I did it.

BUT I DON'T USE HIS PICKS RIGHT OUT OF THE BOX. I go over them with my own indicators and MetaStock 6.0 to pick out the best of the best... and for the first time in 20 years I have started making money... my wife is dumbfounded and my kids will actually speak to me.

It works for me... can it work for you? As I have said to many, many people... you need a good background in TA (get it over on the TA for Beginners thread where I started) and really learn about options. As I told someone else last night who seemed to be confusing the strike price with the options price... don't put a penny more into options UNTIL you learn something about them.

If you learn nothing more from me... DO NOT TRADE AGAINST THE TREND AS DEFINED BY THE 200 DAY MA.

Now that won't guarantee you will make money... but at least you won't lose it as fast.

Get Bernie's newsletter and get his cassette... write down his rules and follow them... and avoid any of Bernie's picks that are not according to his own rules (#5 on June's recommendations is just such an example of going against his rules).

Questions?

Bill
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