Bullshit might get you to the top, but it won't keep
you there ;-)
Yeah, Steve, guess I still have a lot to learn until I reach the level of a turkeys mind :).
My very special thanks to Paul due to his posting 9161 about "patience". This was - after Steve's options-strategy-hint - the second very important impulse I got from you here recently.
Actually my biggest mistakes* came out off a lack of patience (caused by my personal situation), and it was very helpful to realize that. I hope I will change that too! ggg
Gersh, you're right, I misinterpreted "futures" as "options" (in Germany "Options-Scheine" in difference to "Optionen"). In my humble understanding "futures" defined the group of "derivates" with contracts over a target-date, also included equity-options.
However, I know that at least in US the term "futures" is handled as the group of termin-contracts exept on equities as underlying.
Last but not least: Berney, I beg your pardon, I didn't target primary in you or other private investors with my "moralic" excursion about riding downtrends. I wouldn't attack you, sorry. IMU on this thread we all agree that discussions are not directed against individual members of the tread - but thanks god it's allowed here (???) to post even hard positions for or against opinions.** If we add large "disclaimers" to every sentence, we would need a lot of lines without content - in this case we'd better write speaches for politicians or CNBC-journalists. gggg
Facit: Friends, I smile when I write to you.***
Greetings from sunny Zeeland!
Jury
* example: I added imo overvalued stocks (say long options) like csco and sunw mid of January and this was burning all I might have gained ytd. - under the line, I pay my debt ;), ytd 2.6% - nothing to be proud about that.
BTW, I will add my last years result as soon as I know it - but it will be a desaster, I estimate about -40%!
Last number; more than 60% cash, less than 25% long options in US.
** I remember f.e. angry discussions about US-wars, interference, European/American lifestyle, business, innovation-speed (ggg!) and so on. It would be my pleasure if we checked now, years later, whether some of us would insist in keeping his former opinion. ;)
*** In the bathroom of my dentist a small sign hangs on the wall: "I smile back if you smile" |
