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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01

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To: ALTERN8 who wrote (12534)7/2/2003 3:41:28 PM
From: James Strauss  Read Replies (1) of 13094
 
I have never traded options and would like to get into that game, do you have any book recommendations for an options beginner? TIA

BTW, Jim,
Your recommendation to move into RYJUX could not have been more timely. Excellent work.


AB:

The Option Advisor by Bernie Schaeffer is a good place to start...
traderspress.org

Keep in mind that over 90% of option contracts expire worthless... Most people lose money with this... For me the most important element is the underlying stock... Am I bullish or bearish at key support and resistance levels... Buy Calls if you're bullish... Buy Puts if you're bearish...

As for Rydex JUNO, we are just at the beginning of a long period of rising rates... This should prove to be a good conservative long term investment providing that the economy doesn't go into deflation...

Jim
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