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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (28377)	8/24/1999 12:57:00 PM
From: IQBAL LATIF	Read Replies (2) \| Respond to of 50167

Yes if it fails to break this 530 and if we fail this 1362 on SPU.. why not we can go back a retest that 492 support but not before a double break of 488 I will short this thing on directional basis with a objective to 430..all this is going to be skillful surgically precise in and out moves... like I am placed for that 1330 puts,, the premiums have shrunk but towards end of the day if I have this close like I am seeing I will sell a calender spread -- go out and sell 1280's of Oct to cover for 1330 of Sept if we have a explosive move up I will try to get out of the Octs at higher point and will still try to see if in a down week I get right premiums for my 1330's oterhwise I may blow them out if SOX DOT 530 and 580 breakout indication of a rally brewing and NDX 2400 becomes a support.. all these 'if and buts' are daily part of my 'routine' .. a trader needs to be nimble, should have array of 'armoury against the best' and should not be shy to use it,, swimming with the sharks one needs to be a shark... I know you must be bored to death you ask me a simple question I try to explain a lot of my strategies, but market was never that simple anyway, and this thread tries to make day trading look like the way it is. This thread is not about whinning, why MU is going higher? Who is fooling who? The one who is being fooled is the one who is short MU! This thread is about 'opportunities, trading where we try to make the best of a move and try to play the obscure moves within the market. I don't whine , I don't want market to come to me, I think every day of what that old man advised me '20 years ago' while I was paying my dues 'look for what market gives you'.. My children are one day going to become 'traders' their every day job is to reconcile my thread and my trades, it rarely happpens that they miss a ticket that has not been highlighted or a trade which has been made before the post, I think this thread teaches them to swim with the sharks the knowledge I am imparting to my kids is what I make available to my friends here. So for me it is important tthat I explain my strategy for them to understand. Covered put with a claender spread. For me it is going to be fun to see my grand-children watching my discussions 50 years from now, my every day trading and forecasts, this for me is a the best way to teach them, so I try to put my best into it , the 'intrigue' 'deciet' and other parts alongwith ritual of 'bear condemnation part' is to make them a better bull. All bulls are quiet by nature, the maximum they can do to is to piss in the 'Coke', I am polite I don't do that, I make sure to remind the bears of their 'plethora of nonsense'. That is more painful showing them the mirror. Ofcourse, in the process I also get kicks, but that is part of the game..learning markets is never a easy game.. I tell my kids every day. 'Swimming with the sharks' and standing up to every day challenge is what our objective is.. I have given a new image to the 'bull' a 'raging angry bull' ready to uncover nonsense of the whining bear gurus.. I beg your pardon if I sometime or always deviate John... Love and regards..best thing to aovid asking me questions that is the only way to shut me up..gggg