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

To: Uncle Frank who wrote (3318)	1/23/2002 1:32:18 PM
From: WTMHouston	Respond to of 5205

<<Seriously, why does the SEC allow operations like that to exist?>> Because their are too many of such operations and too few enforcement folks at the SEC. Of course, there is a HUGE difference between learning how to do something and it actually happening. I suspect most of us know how to triple our money, but the real question is whether the "ifs" necessary to make it happen will happen when we guess they will. It is the proverbial 300 percent question. 99 percent of folks are more likely to triple their total stake in Vegas in five minutes at the BJ table than they are to triple their total stake in the options market in 60-90 days. Those that actually take the risks necessary to get such results in the markets are much more likely to wish they had stuck with BJ after they get screwed. Sometimes, in deciding how to allocate its resources, government should expect folks to remember that if it sounds to good to be true it probably is. Sometimes it takes losing money to really learn the lesson. Troy