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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: RR who wrote (62746)	10/6/2005 11:02:40 PM
From: RR	Read Replies (1) \| Respond to of 65232

Ya know, an old lesson I've mentioned on here before that I learned the hard way long ago playing options is to have stops or instructions with my broker about closing positions anytime I'm out of pocket like that. I was in the air the other day at 30000 feet when the market turned, and having that rule saved my rear end. I was able to close the SPX position and I didn't even know the market had turned until I landed. Just a reminder, especially after a day like today. Whew! RR