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: Herm who wrote (10008)	3/21/1999 5:08:00 PM
From: Tom K.	Read Replies (1) of 14162

Thanks for the response, but day trading is not for me. I really like CC's, and have found that to be successful I have to deal with it like a business. My capital investment in the underlying stock is just that, a capital investment. And like buying a truck for the business, although I don't want the investment to depreciate in value, my objective is revenue generation. So I can't sit and wring my hands because the truck is going down in value. If I bought something of quality with a 10-20 year life span, it will continue to bring in the bread. If I spend my time worrying about the value of the truck every time I see one I think might be better would distract me from the core business. Now don't think I don't keep an eye on the values and trucks available, but to trade trucks is not my core business..... generating revenue by using trucks is! And ya know, DELL, MCI, Wal-Mart, etc... them's good trucks. Tom

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