>>Learned one thing though it is alot harder to sleep with option then with stocks.<<
You need balls of iron errr more than that. I have learnt to not look and close my eyes if things arent going my way. After the last fiasco where I lost around 100k in paper profits, I am still holding onto another 100k now and finding its worth a lot less during a tanking is hard. But I figure I SHOULD KEEP TO MY ORIGINAL ASSISEMENT NO MATTER WHAT! So I bought options in TOY since I am a toy's r us kid, WCOM cause I like to talk cheap, INTC figure I wanted to get some of the money I spend on their chips back, MCAF figure if I lost a bundle on them once I should get it back, APM well if this one dosent double by end of the year I need to not be investing in the market anyway even got some MUEI JAN 17 1/2 and sold the OCT 20's on it, Figure by then people would figure out they aint half as bad as everyones making em out ot be and with MR.K Upgrading them around that time, who knows.... Got some JMED as well for good luck, MY ANDW, QCOM, PSFT, SEG, PETM etc are already pretty worthless but still holding onto em for the loss.
If the markets going higher I make a cool 100%, If not I loose a cool 100%.. But hey, Its easy come easy go..
lets see..
INTC JAN 110
MCAF DEC 55/MAR 60
JMED SEP 25/30/32.5
ANDW OCT 30
APM SEP 35/40/45/OCT 35/40/45/65/JAN 35
WCOM JAN 35
TOY JAN 35
MUEI JAN 17.5
I figure if only 2 of the stocks go up 50% in 6 months I have made my money back. Anything over that and I make some money.
So what do you think? |
