Hi Richard; I sometimes think people are relutent to talk about
losses, because they don't want to sound like cry babies.., and
or afraid others will look down on them..I don't know all the
reasons..but I know losses are played down..not just in stocks
but in all walks of life, I think there is some peer presure to
that effect. Smile and the world will smile back..cry and you cry
alone. Maybe some day we will out grow it. Just keep in mind
80% of the people who play options lose money. It's not easy
and I qwuestion my sanity for hanging with it as I don't make
that much considering the time and effort put in. I'v lost a
bunch in the past and have not long ago got were I can stay ahead..
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I think about my self as sometimes being foolish , particularly
when I know I need to be doing other things , so much gets put
on the back burner when I'm into options, as you have to put
in a lot of time to stay ahead of it. The swings are just wild,
the spreads and all the commissions have to be overcome, still
once you do get were you can beat them..it becomes like a challange,
and I'm a sucker for a challage..then you put in all that time
getting a style that works so you want to use it. In the last
three weeks I'v said at least 10 times..I'm going to a least
get out of the short term options, yet in the last 3 days
I'v taken on AOL ADBE CYRX ADTC and PZL..I got to be out of my
mind..thats just the options..and don't count my stock buys and
sells..one thing options did to me thats got me thinking, was
about ten days ago so determined to work the options, I let some
news slip buy me and lost my rear on ATEL..a penny stock I was
playing ..It was stupid of me not to see it coming..well that's
not right either..I was just to damm pre-occupied with my put
positions..and you can't cover all the bases that way..If I only
played ONE..that might not be so bad..but then I would get bored
and it would not seem worth while. Hell I'm not sure it is,
anyway..already I'm kicking my butt for buying AOL puts this
eveing..onec you own them, they own you. <G>
I got to get a life this thing has taken me over , :-)
Jim |
