Stock Attack II - A Complete Analysis Message Board

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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: Robert Graham who wrote (27119)	1/7/2002 2:14:28 AM
From: Lee Lichterman III	Read Replies (1) of 52237

Great response but I feel that WHAT you trade can make a huge difference. You end with don't predict. While in SPOOs and common stock I would agree, I trade mostly options and predicting can be very profitable as you are buying when premiums are on the other side of the trade. Waiting until the price is going your way can leave half the profits on the table when trading short term. Buying puts during a strong rally enables you to steal them as they are selling at any cost and like wise buying calls in a collapse also can bear huge rewards if you "predict" and play the price of the expected turn. I also feel that having price targets can be very important, especially when shorting calls. If you feel you are in a bear market, then selling a strike price just above the fib target of a bounce can let you reap rewards and not have to cover the trade. Thanks thorough response as I said, you comments are very valid for futures and common stock. I guess it is as in everything else a matter of style and personal experience. I know E-wavers care a lot about what the primary direction is as it aids them in labeling their counts. Good Luck, Lee

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