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To: alanrs who wrote (95152)	3/3/2001 3:17:11 PM
From: Skeeter Bug	Respond to of 152472

>>although that is somewhat less than the 10% of net worth you suggest.<< just a major correction. ;-) i didn't say 10% of net worth. that is, unless you want to allocate your net worth to an options "account," 90% of which is interest bearing cash and 10% is used for actually playing in options. more than likely, one would say they want a % of their investable assets to be used for playing options and 10% of that fraction would actually be played. i'd also reiterate to not divide your $10k into $1k increments. why? stock prices are crazy beasts (don't we all know that now! ;-) if you take 10% and average in" then you only really have 3 plays if forced to average in on all positions. 3 plays isn't enough risk protection, imho. btw, selling in 1/3 positions isn't a bad idea, either. btw, i congratulate you for not buying high. many, many folks spent more after stocks rose (the reason they rose!!!)and are hurtin' badly now. good luck.