The Rational Analyst Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Rational Analyst

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: HeyRainier who wrote (666)	4/22/1998 11:57:00 AM
From: mozek	Read Replies (1) of 1720

Rainier, Excellent post and one that shows great strength of character. I have had similar experiences, but have not analyzed them to the extent that you have, nor have I been so generous with my introspection. While I haven't determined exactly what percentage of my losses can be attributed to each specific mistake, I have certainly lost a medium sized fortune by going against the trend and a small fortune by simply being impatient. Other mistakes of mine were trading too much and being too highly leveraged. During the time I incurred most of my losses, long term holdings still kept my net worth at a comfortable level. I guess I've got to cut this post short, but one of the other lessons that I learned during this period was that it's usually better for me to write options or use spreads that put time on my side than purchase options outright. When purchasing options, time works against me, but the payoff can be quite large. With the style of option writing that I've been using successfully for a while now, the payoff is limited, but time is on my side. Thanks very much, Mike

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next