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

To: dbernet who wrote (3007)	11/11/2001 5:05:15 PM
From: FaultLine	Respond to of 5205

Hello dbernet, I read the intro and the first 100 or so posts, this looks like a great thread. McMillan's book is in the mail. I'm impressed with your startup efforts. First off, I'd recommend you spend some time reading that new book before jumping in very deep. Do just 1-3 contracts a couple of times to get a sense of the dynamic nature of the beast and to make sure you have a basic understanding of the mechanisms and technical terminology of the options market.. Over the next couple of days I'm sure you will get several bits of guidance from the folks here. I normally do my homework before I try something new, but I feel this opportunity is only going to be open the first of this week. This sets off the alarm bell; whenever you feel time pressure it's time to be very careful - especially when you are a beginner. There is always another opportunity in the not to distant future. The object here is to generate a modest income stream at a reasonable low risk level. CC's can be a pretty conservative amd reliable strategy if done with some care. Welcome to CC4D. I am looking forward to your participation. Cheers, --ken/fl