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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?


To: Bart who wrote (13118)10/29/1997 3:06:00 PM
From: Jerry Olson  Respond to of 50167
 
Hi Bart

I think its a BAD IDEA!!!!

The thing that will kill you for sure is to WATCH THE TAPE...

DON'T DO IT GUY, DONT!!!!!

IMO buy the good stocks for the long haul, or Leaps..You want to play with options take 10-20 grand and have fun, you lose it? say goodbye!!!

Hey Bart I'm pretty nimble and have lost 40-50,000 in the last 2-3 months, doing dumb things...And I picked great stocks and trades...

It just so happens that I'm ahead large for the year to date, and have calmed down to a manageable senario.. FOR ME!!!!

Now for you!!!, that's the question..Go to a full service broker, buy some solid stocks, and put them A-W-A-Y-!!!!!!!!!!!!!!!!!!

Trade some options deep in the money and out 3 months...PERIOD...

Bart DO IT!!!

My Regards, Jerry----------Hi Sweets<g>



To: Bart who wrote (13118)10/29/1997 3:12:00 PM
From: Matthew B.  Read Replies (1) | Respond to of 50167
 
I read an article a few days ago in Fortune magazine (I think) on day trading at these firms. It seems that it is very addictive but you burn out very fast and in the long run you don't make much. It seems that 2/3 of any profit you make ends up paying for commission. It would probably be less stressful and more profitable to buy into a mutual fund and hold for the long term.

Matthew