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


To: Poet who wrote (10563)4/23/2001 2:27:27 AM
From: hobo  Read Replies (1) | Respond to of 10876
 
but let me know when you come to a conclusion, will ya? I need help!

The long and short I can say is to repeat what Jay Chug told me:

T: <<in the long term, which currency will benefit ?>>

JC: Forget long term. There is no long term. One hiccup, the long term is gone or never arrives.

This means a constant scanning for opportunities... No other options open... such is the nature of this beast...

The risk element of the "risk/reward" proposition just got out way out of hand. With this uncertainty, continuous revision of the main strategy should be made.

Additionaly, I have made the positions smaller and/or I increment them as the position moves in my favor. Either I learn to read the market conditions better, or else, I am not willing to take the same risk as before... I recognize that in this business we get paid according to the risk we take, but as I mentioned, the risk part has become considerable greater than before. Volatility is the name of the game and Nimble is the way to navigate this.

I do not have a better answer... and day to day I search for the best available. (assuming I can find it) -ng-