America On-Line: will it survive ...? Message Board

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Technology Stocks : America On-Line: will it survive ...?

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To: White Shoes who wrote (6955)	1/23/1998 12:07:00 PM
From: James F. Hopkins	Read Replies (1) of 13594

Hi WS; Hind sight is 20/20 , remember if you lose 50% of your dough you got to double just to get even. Options is not a place to learn trading, it feeds off new comers. No matter what you hear on SI 80% of options players lose money to the serious pros. that have inside info. Unless you have a connection to inside information that is never made puplic, you will have a hard time in options. You will also be at a disavatage when it comes to shorting a stock. Most Borkerage houses hold short positions in highly shorted stocks and know how to maintain the better short position, they have the data on were their clients are. They feed on a spread in the short interest..playing that game means you have to be 80% right to break even in the long run. Paper trade a lot and don't cheat, before you get into options all in all I've gotten fair but I am still playing catch up from early losses. Be careful Jim

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