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To: PAL who wrote (143635)10/2/1999 5:39:00 PM
From: edamo  Read Replies (1) | Respond to of 176387
 
paul....

keep it simple, remain conservative, know your level of risk tolerance, understand your objectives, and don't get greedy.

i try to set my monthly positions with a 4-8% return, the complex minds would cry out "foolish...what a loss of opportunity"....i guess for some a consistent 50-100% per annum return using the capacity of my portfolio makes me a dumb ass......maybe better to roll the dice and load up on call buys so far out of the money that the premium is around an 1/8, tremendous return if it doubles, but high risk if it expires. two sides to play. for me the sell side works. for others perhaps the buy side.

rules apply to both sides of the trade........

as always thanks your input..ed a.

p.s... have the comfort in knowing that if all the stock in the world is assigned to me, and i can't afford a bite to eat...somewhere on my hard drive is a "virtual happy meal" presented to me from a kind soul!