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


To: Sully- who wrote (37750)6/12/2001 11:15:54 AM
From: RR  Respond to of 65232
 
Tim: Think my entire put position now closed. 60-64% profit today for 6 days. That position played out well, using my staggered exit.

Yes, as long as you play for market swings, nothing wrong trying to play a bounce on either side. Now you know why I only do options. Those bounces make for huge price swings in options.

Ah, but risky as all get out.

With you playing both sides more, you can probably see why I think discipline to as simple of an approach as possible is an absolute necessity once you find what works for you, instead of being all over the radar screen always trying different things.

"Radical Rick".... hum, I kinda like that. Have had some folks say I'm nuts with my investment style.

You've done good! Why don't ya go ahead and take off for a nice ride today. I believe a person needs to pat themselves on the back now and then.

RR



To: Sully- who wrote (37750)6/12/2001 12:16:10 PM
From: RR  Read Replies (2) | Respond to of 65232
 
Naz.... still in it's recent channel. Bottom portion, 2100 area holding.

OK.

Remember this is options expiration week. Market and issues adjusting accordingly I think. May stay in this area for now, even go up some, but careful next week.

RR