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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?


To: Electric who wrote (30074)12/3/1997 10:35:00 AM
From: Kevin  Read Replies (1) | Respond to of 58727
 
>>>How did you come to accumulate such $$$$$ to play so much Kevin, share your secrets.. how about it?? ~l~<<<

I began by taking my annual bonuses (from my real job) and investing in stocks. Deep down, I'm still a fundamentalist at heart (and I'd like to think a pretty good one). I got kinda bored with owning stocks, my portfolio got to be a decent size, so I began looking into options....only started that about 2 years ago. 19 months ago, I started teaching myself TA....never looked at ANY of it prior to that. One by one, I learned various tools and decided whether or not they fit my needs. In the last 16 months, I have done quite well, and am very pleased with the results of what I consider TONS of research.

I never stop thinking about the markets. In fact it's a rare night that I do not dream about the markets. (usually when I dream about the markets, I wake up several times per night out of excitement...I'm serious).

My goal is to retire from work and trade my own portfolio full time in 9 years. 14 years should be the latest. I set this goal a long time ago (to retire at a specific age) and really want to achieve it...more than anything I've ever wanted.

Well there you have it.

BTW, since I began trading options I don't buy stocks any more. I have a couple but there not as much fun <<<g>>> I'll switch back to stocks more and more as my retirement gets closer and closer :-)

Take care.

BTW, I put in my sell order for my IBM calls...time to dump 'em.

Kevin



To: Electric who wrote (30074)12/3/1997 1:48:00 PM
From: Electric  Respond to of 58727
 
Kevin,

IBM retracing here, those 110 puts look tempting.. I see us back to 108 in strong fashion here, it took a while longer than I am used to (going to 112) but it fell back, I am going to keep watching.
Sorry about losing on the position, but you do it correctly, cut losses and get out.. I lack in this area. Knowing when to ditch is as important as when to jump in....