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To: Dr. Id who wrote (34224)	12/5/2000 11:06:36 AM
From: Poet	Read Replies (1) \| Respond to of 35685

It is a gamble that one can predict the direction of a stock or an index in a short window of time. We'll have to agree to disagree here. There's risk in putting one's money in the stock market, no matter how you do it. For me, short term options trading has been far more profitable than LTB&H over the past year. I'll stick what works for me and change it when it no longer does. I appreciate your editing the closing of your post. <g>

To: Dr. Id who wrote (34224)	12/5/2000 11:15:10 AM
From: jambo-bwana	Respond to of 35685

I think that I said that SHORT TERM options trading is gambling Let me put it to you this way: most people who try short term options trading are gambling and that is why they lose money. But I do know several traders who are excellent at it. They are very disciplined - definite rules for entry and exit. One of these individuals who I know personally achieves a consistent return of about 15% per month and has done so over several years - I know this for a fact. This is clearly the exception but a blanket statement that one cannot make money trading short term is rather extreme. It is a gamble that one can predict the direction of a stock or an index in a short window of time. If that's not a gamble, I'm not sure what is. Again, I know of individuals who are able to identify the trend with remarkable accuracy - sure they are wrong at times and when they are the trade is stopped out; when they are right they make a lot more money than when they are wrong. What I will say however is that the the average trader would be far better off being a long term investor. This is the reason that I am a long term investor -g-