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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Jill who wrote (30075)	1/28/2001 12:30:06 PM
From: im a survivor	Respond to of 65232

<<When I do a buy-write my only intention is the precentage, and hope to get called out. >> Thanks Jill...that was my intention with extr as well....but dammit, the gambling idiot in me ends up winning out and I end up jumping into the casino, when the plan was to buy, write, forget, get called, or write again...very simple and relaxing. But, luckily in this instance it worked out ok...I made some money on trading the cc's, lowered my cost down to about $30, or close to it, then sold around $45 or so with nor regrets that it went to $49 the next day.....I took my profit and run.....I really need to learn some discipline for my buy writes. Most of the time my plan is to just write the call and worry about it at expiry....as long as I get 10% upfront, I am cool with that. But I always end up buying them back when they are lower.....sometimes it works out like it did with extr, but other times not....and I dont think the added stress is worth it...the whole point of buy writing is it supposed to be stress free and fairly conservative.........I am defeating the purpose by turning it into the stressful casino. Thanks....have a great day Keith