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Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Meathead who wrote (23432)	11/27/1997 7:37:00 PM
From: hpeace	Respond to of 176387

meathead, inventors can't retire at 40/// not even at 50 regardless of wealth. you won't make it.

To: Meathead who wrote (23432)	11/27/1997 11:38:00 PM
From: McNabb Brothers	Respond to of 176387

Meat, <Hank, I don't need to gamble. I'm already very wealthy (something I don't brag about) and don't need to play options for income. I work in the high tech world cause I enjoy it but am planning on retiring at 40. If all my stocks loose another 50% in value between now and then, I'll still be able to retire.> If you are looking forward to retirement so much, cash out now before you could lose 50% and have fun! Why wait till 40? The day I retire will be the day I'm buried! Stock investing and trading is my hobby! If I sold my business and retired I would still be an investor and trader! <I just think it's odd that with all of the trading strategies I've studied and am aware of, why anyone would choose to implement the riskiest of them all. Quantification of the risk/reward ratio makes this clear.> Yes I have traded the way you and steve have shown me, but remember I am more than willing to go short any stock that I sell naked calls on especially if they go up to some of the strike prices that I'm selling! I sold my first stock short a little over two years ago, but before that when I started selling naked calls on stocks about six years ago I did do alot of hedging by buying calls 5 point higher! Like I said before I think that I have traded as many ways you can trade options, and this is working for me! Each person is different in their comfort zone of trading and investing! I do not care for the amount of margin it requires, since if I have to go short the stock I would have to have every bit of that margin in the account anyway! Keep posting to me for I'm always open for recommendations! Please let me know what is wrong with my trading naked options as I do if I'm willing to go short! Also remember I'm a firm believer that options are meant to be sold and what some people will pay for puts to protect longs and what they pay to buy calls to protect shorts is very very expensive insurance! If one is that scared of a position he or she would be better off in a bank CD! I'm very thankful that there are those people out there that are willing to pay me for that protection or what ever reason they may have when buying options though! Hank