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

To: CommanderCricket who wrote (141093)	10/15/2010 12:51:33 PM
From: Big Dog	Respond to of 206191

EXCEPT if you do like the Salt Shaker said and be disciplined about realizing losses if they go the wrong way. Plus, I would add, trade quickly, taking profits as they are given. The good thing about buying options is the true limit of risk, the leverage, and the potential of greater return. big

To: CommanderCricket who wrote (141093)	10/15/2010 12:53:47 PM
From: Bearcatbob	Respond to of 206191

"As rule of thumb, don't be buyer of options." NEVER be a buyer unless you are very very very very very very very confidant of a move to the upside. Something like 80% of options expire worthless. You want to sell the stuff that expires worthless!