Waiting for the big Kahuna 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 : Waiting for the big Kahuna

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: William H Huebl who wrote (17978)	5/6/1998 12:56:00 AM
From: Richard J. Byrd	Read Replies (1) of 94695

Bill & Jim Hopkins: < When you are an options trader, you MUST be nimble and psyche out the markets. > Also, remember the best rule of all in options trading - Don't lose any premium. How do you insure that? - Never hold losing positions overnight. Trade basically on a daily basis and vacate most positions before the mkt closes. I only hold overnite positions when the trade is profitable and the market is moving in my direction at the end of the day. I'd much rather take my one or two point gain in the position and sleep well knowing my powder is dry for the next day. Holding a losing position overnight hoping the mkt will change direction is the best way I know to go broke. Dick

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next