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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Q8 who wrote (109244)	9/13/2008 9:27:50 AM
From: kollmhn	31 Recommendations Respond to of 206223

Q8- My, my ! You sure are one thin skinned fella. Someone questions you and you suggest they are calling you a liar? Then, you run off?? John merely pointed out that you hadn't posted the losing AIG trade results. You responded with: "buddy I post my trades real time before and after..I did cover the 15,000 shares of AIG with options today.. did not think anyone was so minutely dissecting every trades I make.." Q8, YOU are the one who has taken it upon himself to post 'all' your trades here. When you failed to add that you are attempting to mitigate your AIG loss with options (even though you may have mentioned that as your normal strategy at some prior time)it makes it appear as if you are failing to disclose something. So, you may have to repeat yourself. Not everyone here is interested in recalling all your prior messages, ya know. And, Q8, when you liken this board to the Yahoo boards, that's an insult to the rest of us. I think you may not fit in here, after all.

To: Q8 who wrote (109244)	9/13/2008 10:43:54 AM
From: zebra4o1	1 Recommendation Read Replies (1) \| Respond to of 206223

Q8, Not sure why you are trying to present every detail of your day trading on this board, but message-board posts (paragraphs of text) are the wrong medium for this stuff. You need tables, something more formatted. It's easy enough to post an image file of a table you've created. And yes, any enthusiastic comments about your profits, especially with dollar figures mentioned, will bring on attacks. This maybe SI, but it is still the internet.

To: Q8 who wrote (109244)	9/13/2008 6:16:31 PM
From: skinowski	7 Recommendations Read Replies (2) \| Respond to of 206223

Hi Q8! I am for the most part a lurker on this thread, and I think it is a very good thread. I have you bookmarked and visited your web site several times. I understand your options selling rules as follows -- If a long position moves against you a few percentage points, you sell (more or less ATM) covered calls against it. However, remember that a covered call acts exactly like a naked put - potential gains are limited to the amount of the premium received, and the maximum potential loss equals the price of the stock. They seldom go to zero, but theoretically they may. In other words, if instead you would elect to close that losing position, book the loss - and then sell naked puts on that stock or index in an equal amount - your net risk / reward profile would remain the same as with selling covered calls. In this case you wouldn't need to tie down capital by holding on to the long position. I'm saying all this in a very positive way, in a way of discussion. I can see that you are a successful trader. It is my impression (my humble opinion, if you will) that you are successful not because of that call selling strategy, but because you happen to be a good trader - and a very hard working trader. You obviously do a lot of homework, you are very good at picking plays, you are good at entries - and exits. As a result, you do not have to depend on the option selling part of your method very often. Two more things. You made me think more seriously about the sizing of my positions. In the future I will probably try to take fewer positions - and increase size. And last but not least, I like your energetic, aggressive kick-butt go get 'em attitude. I think it is a very healthy - and, happy to report - a somewhat infectious attitude.... :)

To: Q8 who wrote (109244)	9/13/2008 10:34:54 PM
From: Cogito Ergo Sum	5 Recommendations Read Replies (1) \| Respond to of 206223

Q8, While I'm off topic anyway.. .. I think you should keep posting. Your input is fine. I've gotten many good ideas and techniques and fresh ways of looking at stuff here on SI. kollmhn is correct IMO... You shouldn't be so thin skinned.. The Black Swan