How To Write Covered Calls - An Ongoing Real Case Study! Message Board

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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!

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To: Joe at HOME! who wrote (110)	2/13/1997 10:48:00 PM
From: Robert Graham	of 14162

Hold on there! You just got interested in the stock market and now you want to write covered calls? Are you serious?? My advice to you is come back after you have had a few years successful trading experience. No offence meant here, but this strategy is definitely not for the novice. Also IMO you need a non-trivial amount of money in order to make money this way. This is no monopoly game. You can lose your shirt very easily if you do not know what you are doing. Success in the stock market cannot be learned from books even though books are definitely helpful. Real personal experience is essential here in the stock market just to keep from losing money. Otherwise you will become another statistic in this stock market game, which I hear most of the people who invest in stock end up becoming. I strongly suggest heeding this reality check Joe! Good luck with your decision.

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