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Strategies & Market Trends : The Covered Calls for Dummies Thread
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To: Mathemagician who wrote (2460)9/22/2001 12:43:01 AM
From: LindyBill  Read Replies (1) of 5205
 
choosing your specific exit points before opening the position

Yeah we all know the story of Bears, Bulls and Pigs! You are right. I intend to go short only for now, and to do it in QQQ. This limits my risk and my reward. Looking at the volatility of QQQ, for instance, If I sell short at 28, and have a buy order in at 27.25, I don't think I can get hurt too much.

It will all depend on how well I can judge the market. I have little experience at doing it yet, so TWT.
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