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Strategies & Market Trends : Advanced Option Strategies

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To: RBane who wrote (158)	8/27/1998 8:31:00 AM
From: Joe Waynick	Read Replies (1) of 355

Thanks for your question Ron! My position is opened at $24. Whenever the stk hits $26.25 I sell my long stk and go short. Whenever it hits $24 I cover my short stk and go long. Every month like a mechanical robot. I profit $4,500 on each round trip or $2,250 per trade. TWO TRADES AND I HAVE NO RISK! The hardest thing about this strategy is maintaining control of your emotions. Ignoring the daily market swings and waiting for the strategy to work is difficult. I learned that with my attempt to RRT ONSL earlier on this thread. I take comfort in the fact that my losses are limited with my option insurance. I don't want to win big on each trade, I just don't want to lose on any trade! That leaves me in the game to play again next month. Thank you for your questions and I look forward to your future contributions to the thread!

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