It is beautiful there, and that judge has a wonderful house!
Thanks for not saying chugs :-)
I might disagree about risk, but that's because I've imbibed the wisdom of Teresa Lo who is a futures trader mostly although she does analyze and recommend swing trades on stocks. Never risk more than 3% of your capital on a trade and make sure to put in a tight stop (for which she has formulas, and even applies them to options swing trading but I haven't got those down yet). No attachment, the trend is your friend, if it doesn't move in your direction with speed and volume, get out. Don't take risky trades. Thus she is never nervous. However I think some of that is temperament, or perhaps most of it. I have watched her get out of a futures trade consistently after 2 points, even when it went a few more points in her direction. I've also watched her over and over again get out of a trade that doesn't quickly move in her direction, even though later, slowly, it does. She also waits for certain setups.As an overall method, avoiding home runs means avoiding strike outs and making consistent $. I think RR over on Voltaire's Porch often says the same: small consistent profits is the way to big $. Well, it is a good day for scanning the boards and thinking things through.
However, I think I can't resist "playing" a little Rambus. Its just you have to know when you're gambling. I agree with Zeev's analysis--if all turned in its direction (and who knows) it would go to 100 or more so...I am thinking of buying Jan 05 50's, but not very many. |
