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Strategies & Market Trends : Option Spreads, Credit my Debit -- Ignore unavailable to you. Want to Upgrade?


To: Ron Lambert who wrote (846)8/18/1999 4:37:00 PM
From: the options strategist  Read Replies (1) | Respond to of 2317
 
<will not let a good opportunity to pass me by but I don't like to gamble, I want some odds in my favor before I make a play.>

Ron, I'm with you re: gambling. When I use the term I perhaps should use the term "risk". And that is what we are all taking in this current market. Some just higher than others :)

My 650/660 play was not traded totally from "gambling". My system is played from support and resistance and I was "risking" that oex was not going to break its support of 660 in the very near term due to being oversold and the need for a relief rally.

My goal now is to use a system and strategies that will allow me to trade as stress free as I can.

jj