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Strategies & Market Trends : Take the Money and Run

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To: Jorj X Mckie who wrote (4582)	6/20/2002 3:04:20 PM
From: paulj	Read Replies (1) of 17639

Over the years I've learned I'm not very good at going 100% to cash when I don't think the current trend the market is in has reached it's conclusion. I used to keep half of the position; basically trading around the position, long or short. Especially in the case of short positions, I found I got a real nasty squeeze once and awhile on that remaining half position. My solution has been to buy options 6-9 months out when I think we are making a change in direction. I buy them cheap, since I often get the direction wrong. On balance, I'm not sure I make all that much money on the options, but it has improved my trading.

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