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Strategies & Market Trends : Options -- Ignore unavailable to you. Want to Upgrade?

To: Duncan J Horn who wrote (7733)	5/8/2000 5:21:00 PM
From: Tom K.	Respond to of 8096

...There is too much talent and knowledge that people are willing to share, it would be to bad if any poster was driven off... Thanks, Duncan. You are so correct. I've PM'd a few people to try to get them back. I need the collective wisdom of all to be sure that I'm heading down the right paths..... maybe that's selfish. But if I gain and can pass that on, then others gain as well. I've been trading options consistently for the past 3 years (prior to that it was hit or miss). I've established a PUT selling strategy that has been working quite well as the market rises. Now that it has changed direction, I need to change as well ....or go sit in the corner and wait and that's not style. I believe that there is money to be made in any market if one is flexible enough to shift strategies as the market changes. One of the problems I see is that we tend to marry one strategy because it works for awhile and then we get cocky and don't watch and then ride it into a wall. What the wall teaches is not that the strategy was bad, but that the rider didn't pay attention to the change in surroundings. The lesson is to be more observant of what the market is doing, recognize that one strategy is not the only way, and be willing to change. I think I'm that way (note the emphasis on "think"), so I'm hoping all the knowledge and experience on the thread can help me find the correct change. For what it's worth, I've slowly shifted a few trades to short CALLs to see how it goes. But I'm feeling my way along. Try posting a bit. Questions from learners (everybody is a learner to some degree) often stimulates some good dialogue. Thanks for the note. Tom