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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED
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To: Timetobuy who wrote (39856)8/6/2001 5:17:58 PM
From: Sully-  Read Replies (2) of 65232
 
"But I see that he cuts his losses. In other words, there are losses not included in that scenario."

Yes, that is not included in his returns. Neither are the trades where he books returns in excess of 40%. The man has mad quite a good living trading options over the years including 2000. His point in the 20% gain in one QQQ option trade is an illustration that it is indeed possible to achieve.

If you look at QQQ puts & calls, you will see that there are many days each month where there are swings of greater than 20% intra-day. RR just sits & waits for those opportunities where that 20% trade is a fairly high probability before he moves. He doesn't try to make it an intra-day trade either (unless he catches it just right). He may hold for several days & quite often he books well in excess of 20%. And yes, RR does close out trades with losses. Unlike most investors, RR understands how quickly options trades can kill you, so he closes out his losers pronto.

As for the rest of your post, scoff all you like. Perhaps options trading is not the vehicle for you.

That does not mean that options trading is not for everyone else. I don't trade options exclusively. However, from listening to & learning from RR, I have incorporated the occasional options trade when I believe the R/R is in my favor.

Please do not ridicule others on this thread though. We invite differing of opinions here, but we do draw a line when a disagreement becomes personal. Feel free to disagree as vehemently as you wish, but leave the ridicule/personal attacks for other threads.
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