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Strategies & Market Trends : The Covered Calls for Dummies Thread -- Ignore unavailable to you. Want to Upgrade?

To: surfbaron who wrote (1582)	7/21/2001 11:22:42 PM
From: Andrew N. Cothran	Read Replies (2) \| Respond to of 5205

Sure would have! The only problem with that is discipline. You must have enough discipline to grit your teeth when the stock, and the option, goes against you for a short time during those almost bi-weekly spikes that come along regularly. I have been whipsawed in the past by this phenomenon, rushing to cover just when I should grin and bear it. If I had held on, I would have had the profit that I envisioned. But the spike spooked me. I am learning to live with the occasional up-moves which always seem to dissipate as the stock moves back down to its customary trading range.