Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: mishedlo who wrote (9871)	3/6/2001 7:38:22 PM
From: Poet	Read Replies (1) \| Respond to of 10876

Hi mish, How do I handle ramps? Not very well, sometimes. <g> I try very hard to keep my eye on the big picture, on my sense of what's happening on a weekly, rather than a daily, basis. It helps. And when I play it short (with puts), I buy half positions so if we get ramped, I can add a few points lower. The fact is that it's scary trading this market, even short, these days. Allan's Alias has a saying, that he wants to simply take a bite out of the middle of each move. I like that sentiment. If I can make 1k on an option trade in the course of a day, I'll take it. The volatility is so high that chances are you can take your profit and set up another limit buy order and be filled at the same price you originally bought, all within the same day or two. Don't get down on yourself for not having every trade go well. I believe that the sign of a good trader, one who will last through lots of markets, is one who learns to take small bites under every condition. Home runs are for baseball stars. We're options traders in a brutal market..

To: mishedlo who wrote (9871)	3/7/2001 11:37:23 AM
From: hobo	Read Replies (1) \| Respond to of 10876

Still holding IBM that Toscano chasticed me about. Hmmm did it sound like that ? My apologies... sometimes I seem to be vociferous when I really do not mean to... I certainly do not know all the answers for sure. Maybe my problem is that I think everything I should play perfect. When I do not I feel bad. Thoughts? Well... since you asked -gg- at times I make the same mistake (feeling bad), but one needs to remember that this is nt about "being right or wrong" it is about "making money". I guess it is the ego thing... Once one is able to walk away from a "bad trade" (not a "wrong one") without having that "bad feeling", then I feel one succeeds from the perspective of a "good trader". The thing to keep a perspective of is: Once out of the (bad) trade one can re-enter a better one-- whether it is a different stock/option etc. it does not matter, what matters is that we make money, since that is the name of the game. Just my thoughts... no chasticising -g-