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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank
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To: kha vu who wrote (25751)2/26/1999 11:37:00 PM
From: Jenna  Read Replies (2) of 120523
 
Sure Kha, I've swing and daytraded the oex and the tech options for two years before Market Gems was anything more than a chat room on mIRC, but I have to put strict limitations on myself. I used to trade up to 30 calls the wins were spectacular, but then the losses began to be rather sobering. I mostly use them for 'fillers' on days like we had this week. But of course I'll say the strike price I just assumed the code would be enough. Also I wouldn't be to 'excited' about options some of my trades last only 1/2 hour and I'd hate to see anyone on SI get caught up in 'daytrading options. But I would like to emphasize that in the long run daytrading them is better than holding. You can lose a grand here and there but if you hold and something happens to the market overnight you will probably lose all your options.
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