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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures
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To: Chip McVickar who wrote (24717)6/4/1999 8:32:00 PM
From: Patrick Slevin  Read Replies (1) of 44573
 
<I've begun to feel as if I'm hanging on to a barrel of well aged Whiskey>

Know what I used to do?

I Sold Calls, covered them, sold them again, covered or let them expire.....

This time though I had a different reason for just dumping each of them.

CDO I just did not want anymore.

AHP I sold a portion because I did not like the way it was fooling around with a weekly trendline.....

Stuff like that.

Going the other way I have my third son gearing up for Private School along with his two brothers, my eldest ramping up for an expensive Engineering college after next year plus a car plus I'm just getting old and wish to preserve capital.

So it is a combination of several things. As one gets towards my age it is prudent to limit risk. I engender enough risk trading Futures. I think I should be getting a mite more risk adverse.

This of course would not be prudent for younger people....you should see some of the stuff I have my sons' money in.

So I would have to say my decision was based on Money Management with an eye towards what I thought were stocks less than others with respect towards safety. Heck, I still own a lot of AHP, I did not sell stocks like IBM or PG. I just lightened a tad. My portfolio is very risk adverse to start with.

It's pretty tough to be more Risk-prone than a spoo trader, so I have to hedge somewhere. Thus, most of my stock positions are amongst the Bluest of the Blue, if you catch my meaning if you get my drift.
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