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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: FaultLine who wrote (506)	5/10/2001 3:22:10 PM
From: Mathemagician	Read Replies (1) of 5205

So I guess I am claiming that the current basis must always enter into one’s strategy considerations. How do you folks think about and handle this issue? With the exception of tax consequences, I leave the past where it belongs - in the past. I find it much more beneficial to focus on improving my current situation. My goal is for my portfolio to have more value in the future than it has now. I find that nostalgia over the prices of long ago clouds my judgement and causes me to hang on too long to an unprofitable investment, as well as causing me to miss opportunities. If I believe an investment will be profitable, I will maintain/increase my stake. If I believe it will go down, I will reduce/eliminate my exposure. The future performance of my current portfolio is independent of my cost basis. dM

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