hi edamo: <arthur's trading list> I am trying to build a set of stocks which will move in opposing ways, so I can trade from one to the other. Can you suggest such stocks? So far I have dell, aol, qualcom, sunw, athm. I am experimenting with the use of covered calls as a way to borrow short term (three to 10 day) money on a position which may have risen "too rapidly", in the short run. I did this all last year, but using margin to do the borrowing, and studying the timing of just dell (100% dell all year).
'''''As you well know (but for the benefit of others who don't know me) I did real well with steady solid trading growth all year, until the hype of this last earnings caught me totally off guard, and wiped out 80% of a year's worth of trading profits.
'''''As you also know, I can't yet use puts, but will play with calls until I either change brokers, or develop steady trading profits, as I did last year. You also know, I like the limit executions I get from Schwab.
'''''As you also know by now, I like your views on the world, and would appreciate some suggestions of VOLITILE issues, which will not be likely to be moving at the same time, or the same news. You represent to me, what this thread should be about; that is NON HYPE.
'''''I have a larger trading room now (more lines, and more computers), and an assistant Katho O. who is from the software side of things, and an investor herself. She is really good at making my pcquote exhibits easier to use. (Her background is installing sap systems---she is taking a small break now---lucky me!!!---she's also got that "New Jersey sharpness" I knew about years ago---)
'''''Also, to make this year different for me, I now have still another friend (locally)ready to remind me that it is time to take a break. He is a financial/tax person (at one time had a large cpa practice) and we have known each other a long time.
'''''So Ed, that is my card. Can you help me play my card? It's not a full deck, but we're serious.....
'''''As you know, I don't consider this day trading. And again, thanks for your therapy this past month. When you first started posting, I knew you were going to be alot of help to me. I would just go long at 60% equity on issues, but I definitely proved to myself that I can make more money with timing related maneuvers....So here I go again... |
