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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: jazzcat2000 who wrote (44228)3/26/2002 10:19:50 PM
From: bobby beara  Read Replies (2) of 99280
 
I'm a novice to much of this, especially all of the "alphabet soup" stuff, i.e., VIX, COMP, EMA's, $BPOFX, etc. I do try to follow your posts and hope you are correct on the rally. I do options, mostly all calls(ouch). <<<

Here's the best advice you'll ever get from your above described paragraph, STOP NOW.

Novices should avoid options like the plague,
you should only trade options after you have had 5 years of successful stock or index trading, and then option trading should be only 5% of your trading volume.

option trading is akin to putting your dollars into those giant slots on the trading floors in las vegas.
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