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Strategies & Market Trends : Ask Vendit Off-Topic Questions

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To: Walkingshadow who wrote (5336)2/25/2005 12:53:30 PM
From: Gush  Read Replies (1) of 8752
 
I have refined my options trading process... And I am having success with it..

I Trade 'In the MONEY' options for the q's.

If your options are close to expiring.., just cut your losses.
Never hold the options on expiration day.

Have stop losses. And take profits quickly.. Don't get greedy.. $profits are on average $500 per trade.

I never trade options that expire over 1 month from the day of purchase. Most of my trades are for 3 days max.

Just make sure you are watching it like a hawk.
Fast swing trading.

.25 can = $300.
.50 can = $500.

and so on.

GUSH
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