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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Oral Roberts who wrote (10663)	11/20/2008 6:34:44 PM
From: Jorj X Mckie	Respond to of 33421

to be honest, I'll be pretty freakin ecstatic if i can be within 1000 dow points of the bottom when I launch my lunch money into the market. I look back to when I was making money trading...and all I see is the money that I left on the table. And then, when I was losing money, I lost a lot more than if I had just rode down to the bottom and sold at the bottom. I still remember the time I caught a 100pt move on CMGI while holding ITM calls. I won that battle (and many others), but in the trading wars, I definitely lost the war. I'll never buy options again, never use margin again and pretty much avoid leverage in any form.