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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: re3 who wrote (52284)	7/20/1999 9:26:00 AM
From: coug	Read Replies (1) \| Respond to of 86076

No, I'm flat.. sold almost all of my hot stocks on Friady.. When I play the indices, I play the e-mini now, and I always square it up at the end of the day because I trade off the internals, my interpretation of the Beta, volume and Vix.. rightly or wrongly.. I'm a terrible option player because it adds another dimension, time, to a already difficult problem, direction. Although, I still try it sometimes. I guess I have not lost enough. One of the main problems, IMO, is that people, myself included, view the max invested as the risk and thats true.. so they don't use good "money management" techniques.. so a person tends to let it drift away... and then you get buried and say,"what the hell". Whereas in futures, even the little one, you see unlimited risk, and watch it like a hawk and cut your loss.. I'ts the purest game in town Anyway, that's how I see it.. Coug