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Strategies & Market Trends : Trend Setters and Range Riders -- Ignore unavailable to you. Want to Upgrade?

To: WhatsUpWithThat who wrote (19029)	6/7/2002 11:37:01 AM
From: randy1503	Read Replies (2) \| Respond to of 26752

no, i'm not kidding. he's been saying these vacuous platitudes as if they constitute real useful advice for as long as i've been reading these boards. he may be a gentleman, but he needs to get off his high horse already. here are his last three posts (sorry i don't know how to italicize): ---"one strategy that might work is to nibble at some in-the-money options or near-the-money options. If wrong, your loss is predetermined and limited. If right, the gains may be considerable."--- no kidding. buying options is a viable strategy? if you buy options, your losses are limited and your gains are unlimited? who doesn't know this? this is basically a definition of the characteristics of an option for crying out loud. ---"One way of avoiding short squeezes and suffering "unlimited losses" when shorting is to use buy-stops and be mostly in cash by 4:00. If you do carry a short overnight, try not to carry a big position."--- again, who doesn't know this? a stop loss or closing out your position daily can really prevent you from losing more money? wow, amazing insight. ---"Though it may seem to many traders that this vicious down market is unusual and unprecedented, it really isn't: it's happened many times before. I say this only because I've been around a while and have seen 'em before. If this is a traders first "bear," try to remember it, because it will happen again. And when it does you'll know how to "work" it."--- really, the market actually went down in the past before? i need to "remember" this market so i know how to "work" it the next time? exactly what about it should i remember and how should i "work" it the next time? i suppose since he's been through so many bear markets in the past, he must've made a fortune in this one since he must've known how to "work" it.