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Strategies & Market Trends : Ask Vendit Off-Topic Questions -- Ignore unavailable to you. Want to Upgrade?


To: Walkingshadow who wrote (5336)2/25/2005 12:53:30 PM
From: Gush  Read Replies (1) | Respond to of 8752
 
I have refined my options trading process... And I am having success with it..

I Trade 'In the MONEY' options for the q's.

If your options are close to expiring.., just cut your losses.
Never hold the options on expiration day.

Have stop losses. And take profits quickly.. Don't get greedy.. $profits are on average $500 per trade.

I never trade options that expire over 1 month from the day of purchase. Most of my trades are for 3 days max.

Just make sure you are watching it like a hawk.
Fast swing trading.

.25 can = $300.
.50 can = $500.

and so on.

GUSH



To: Walkingshadow who wrote (5336)2/25/2005 4:04:54 PM
From: Jill  Respond to of 8752
 
Oh, I've heard just the opposite from some--I've heard every strategy out there. I have done ok, when I traded them, with options 1-3 months out. I usually don't go further than that. If you buy ITM it tracks more closely with the underlying, more like buying stock. If you buy OTM you're paying for it being cheap, and it inflates or vaporizes accordingly.