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Strategies & Market Trends : The Final Frontier - Online Remote Trading -- Ignore unavailable to you. Want to Upgrade?

To: TFF who wrote (1589)	12/7/1997 12:34:00 PM
From: Robert Graham	Read Replies (1) \| Respond to of 12617

They may take hits when the market "corrects", but they are able to minimize their losses through proper money management techniques. This means getting out before losses become a significant part of your capital. I am sure you understand this. For that matter, from what I was seeing in the market at that time, it was not a good time to be speculating, particularily in something like options. I am still learning how to read the market, but even I saw this. The evidence was there of a "weak" market, and perhaps even a correction in the works, conservatively speaking weeks in advance. To me the market was definitely a bad time to be comitting money. Definitely a very risky market to be playing with options in. The trader just had to be able to detect this and keep their eyes open. And playing options on the earnings of high-tech stocks? What, with all the earnings warning seasons we have been through this year? This is not to say that I have not seen Jenna demostrate skill. It is just that it appears to me she needs to develop some more experience with the markets. She was not being a prudent trader at that time. It is much easier picking stocks in a bull market, but can the trader keep their capital intact when the market works against them such as through small corrections? And there have been much worse in the past. This IMO this is what will allow them to succeed. Fortunately she only had her own money at risk. What if based on her recommendation this included other people's money, even including money that some hope to retire on soonm their "nest egg"? I would be kicking myself around the block and then some to have let this happen. But we all here to learn. Hopefully we learn on just our own money. Bob Graham