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Strategies & Market Trends : BEFRIEND THE TREND Short-term Options Trading Thread
QQQ 623.28+0.7%Nov 5 4:00 PM EST

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To: Dr. Stoxx who wrote (3790)7/3/2003 4:01:57 PM
From: Ken Adams   of 4058
 
I've seen allotments like that in the past. My account just went over the $25k mark a couple weeks ago and I don't consider it all that secure until I build it another couple thou. But, at the rate I've been catching decent trades, I expect it to go over $30k well before mid month.

I'll probably stay with my 10 or 20 contract limit, even then. I don't like to have as many positions open as you do. About 3 is my limit usually, and these are almost always options. I rarely buy the stock outright anymore.

I did move my IRA into the Rydex Velocity Fund a short while back and it's doing very well. Fund buyers really owe it to themselves to look into these great performers with their really serious money.

Have a safe and wonderful Independence Day Weekend! Everyone! God Bless America!!!

Ken Adams
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