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Strategies & Market Trends : Options for Newbies -(Help Me Obi-Wan-Kenobe) -- Ignore unavailable to you. Want to Upgrade?

To: Dan Duchardt who wrote (2171)	9/10/2001 3:18:39 PM
From: BrooksR	Read Replies (1) \| Respond to of 2241

Hi Dan, I've fooled around for a number of years with trading systems, straddles, futures, S&Ps, etc. and so far, CCs seems like the best thing I've found. Its a type of option strategy that's allowed in IRA accounts, is widely accepted and entire books are written about it (unlike straddles). You can't double your money in a day or month, but 5%/month is pretty good and could make you financially independent in a few years if you can master it. I agree that you have to be disciplined about your stops. I just closed one that went south. I couldn't believe it was happening, it made no sense and I was tempted to give it more time to recover, but somehow regained my senses and closed it. Do you use other option strategies in this bear market? Brooks