VOLTAIRE'S PORCH-MODERATED Message Board

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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Jim Willie CB who wrote (39927)	8/7/2001 12:46:53 PM
From: Sully-	Read Replies (3) of 65232

Jim, I have made 3 QQQ monthly option trades using RR's strategy. So far, I'm 2 for 3. One trade was barely 20%, one trade was a small gain & one trade netted almost 200% in three days. It can be done Jim, but it is not foolproof, nor is it for just anyone regardless of investing experience. I doubt that just anyone will make 20% every single month unless they have the ability to do serious DD, understand options & the associated risks, & consistently spot good set ups. I think that RR's strategy can deliver above average returns over time if you can apply that strategy consistently & have the patience to wait for an above average set up. FWIW, I think that RR's overriding point here is that you do not have to be in the market every day to make money. It is a point he frequently makes & the 20% monthly QQQ option trade is more of an example than some type of investment plan for J6P's whole portfolio.

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