Advanced Micro Devices - Moderated (AMD) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Advanced Micro Devices - Moderated (AMD)

AMD 214.87

-0.1%

3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: minnow68 who wrote (72993)	3/2/2002 9:17:16 PM
From: niceguy767	Read Replies (1) of 275872

minnow68: "Now Elmer, before you protest that you know what you are doing and this can't happen to you, I concede that you are that one person in a million who, while staying on the wrong side of Black Scholes, still manages a long term profit from option activity. I have no doubt you will be richer than Gates eventually. I'm just trying to keep the rest of the thread from joining the 99% of people who try their hand at options and lose money at it." Great post...I've been trading options (and stocks, but I like the option action)for 20+ years during which I have seen many, many Elmer's come and go...They all have spouted off about their failsafe systems until they lose bigtime and many have never been heard of again...Some even, without provocation, chided others for losing...It is my experience that there are a handful of fundamental rules that if applied rigourously can provide a reasonably handsome return over the longer term...One of those rules is that no one strategy is a guranteed winner...Another is that options are a statistical game with winning strings and losing strings and the key is to protect a portion of winnings to offset that inevitable string of losses that will occur...For example, I rolled a fair percentage of my January '01 profits into long term calls (Jan '02 calls) and lost the remainder of those January profits riding the short term Jan and Feb potential call wave...Now I'll sit tight 'til AMD trades outside the $10 to $20 range at which time I'll probably dip into capital and increase my call option risk exposure which is currently zero as I hold only Jan $20 '03calls purchased with profits!!!

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next